by Calculated Risk on 5/09/2021 07:45:00 PM
o Schedule for Week of May 9, 2021
o No major economic releases scheduled.
Oil prices were up over the last week with WTI futures at $65.41 per barrel and Brent at $68.88 per barrel. A year ago, WTI was at $24, and Brent was at $25 – so WTI oil prices are UP sharply 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 $2.95 per gallon. A year ago prices were at $1.83 per gallon, so gasoline prices are up $1.12 per gallon year-over-year.