by Calculated Risk on 7/18/2021 06:31:00 PM
o Schedule for Week of July 18, 2021
o At 10:00 AM ET, the July NAHB homebuilder survey. The consensus is for a reading of 82, up from 81. Any number above 50 indicates that more builders view sales conditions as good than poor.
Oil prices were down over the last week with WTI futures at $71.61 per barrel and Brent at $73.27 per barrel. A year ago, WTI was at $41, and Brent was at $43 – so WTI oil prices are UP about 75% year-over-year (oil prices collapsed at the beginning of the pandemic).
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.17 per gallon. A year ago prices were at $2.19 per gallon, so gasoline prices are up $0.98 per gallon year-over-year.