Monday economic releases:
• At 10:00 AM ET, the March NAHB homebuilder survey will be released. The consensus is for a reading of 47, up from 46 in February. Although this index has increased sharply in 2012, any number below 50 still indicates that more builders view sales conditions as poor than good.
• Also at 10:00 AM, the Regional and State Employment and Unemployment report for January 2013.
The Asian markets are red tonight with the Nikkei down 1.9%, and Shanghai Composite down 0.5%.
Oil prices are down a little with WTI futures at $92.23 per barrel and Brent at $108.41 per barrel.
Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are down about 8 cents over the last month after increasing more than 50 cents per gallon from the low last December.
If you click on “show crude oil prices”, the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.
|Orange County Historical Gas Price Charts Provided by GasBuddy.com|