(Dis)Inflation, New Home Construction, & More

Week in Review: Nov. 13-17

After a week during which there was little news, this one was a blockbuster. The big one was inflation data, of course, though we also learned more about retail sales, new home construction, and more.

Monday

Gas Prices

Gas prices fell for an eighth consecutive week and are down to $3.47/gallon. That’s the lowest price since February’s end. The plunge from more than $4.00/gallon during mid-September to the current price represents massive savings for consumers.

Diesel Prices

Diesel prices fell sharply and, at $4.29/gallon, are $1.02/gallon cheaper than during the same week last year.

TSA Checkpoint Travel Numbers

The number of people passing through TSA security rebounded sharply last week and is now more than 9% above 2019 levels. That gap should widen over the next week; AAA forecasts that this will be the busiest Thanksgiving weekend for air travel in 18 years.

Tuesday

Consumer Price Index