National Average Price for Regular – Current: $2.934; Month Ago: $2.813; Year Ago: $2.358.
National Average Price for Diesel – Current: $3.203; Month Ago: $3.080; Year Ago: $2.504.
For the week of Dec. 6 to Dec. 12, the on-time performance by UPS slipped a bit from 2014 while FedEx and the U.S. Postal Service improved slightly, according to data from shipment visibility software firm ShipMatrix. However UPS is laboring under an ecommerce parcel load that is about twice the size of FedEx. According to ShipMatrix, UPS saw on-time performance of 93.2% for the week, down from 96.5% in 2014; this was not as bad as the prior week, when the data showed UPS’s on-time number dropped from 97% in 2014 to 91% this year. FedEx’s on-time performance from Dec. 6-12 rose from 94.8% in 2014 to 95.3% this year, according to ShipMatrix, while the USPS’s last-mile service went from 98% to 98.7%.
The U.S. oil production boom of the past several years was a major catalyst in the ensuing oil price drop, and bulls expected those prices to bounce back when the output slowed. But a sustained recovery hasn’t happened, despite the U.S. slowdown, because the market’s focus has shifted to solid production from other parts of the world, including Russia, Saudi Arabia and Iraq, Nicole Friedman reports. “I would have thought [prices] would be higher, with the data points, but maybe people need another month or two” of statistics, said Eric Nuttall, portfolio manager at Sprott Asset Management, which manages about $5.8 billion. A month ago, Mr. Nuttall’s $37 million fund was fully invested in oil-company shares. Since then, he has closed out some of those wagers.