by Bill McBride on 3/13/2016 08:16:00 PM
Sunday, March 13, 2016
Gasoline prices have been increasing in most areas. As an example, from the LA Daily News: Southern California gas prices rise sharply again
The average price of a gallon of self-serve regular gasoline in Los Angeles County rose 3.5 cents Saturday to $2.693, one day after increasing 5 cents.Weekend:
The average price has risen 16 consecutive days, increasing 33.2 cents, according to figures from the AAA and Oil Price Information Service. It is 11.6 cents higher than one week ago and 12.2 cents greater than one month ago.
• Schedule for Week of March 13, 2016
• Goldman: FOMC Preview
• At 10:00 AM ET, Regional and State Employment and Unemployment (Monthly) for January 2016 from BLS.
From CNBC: Pre-Market Data and Bloomberg futures: currently S&P futures are down 4 and DOW futures are down 29 (fair value).
Oil prices were up over the last week with WTI futures at $38.44 per barrel and Brent at $40.39 per barrel. A year ago, WTI was at $45, and Brent was at $55 - so prices are down about 15% to 25% year-over-year, respectively.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $1.94 per gallon (down about $0.50 per gallon from a year ago).
Posted by Bill McBride on 3/13/2016 08:16:00 PM