by Calculated Risk on 5/05/2013 09:35:00 PM

Monday economic releases:
• Early, the LPS March Mortgage Monitor report. This is a monthly report of mortgage delinquencies and other mortgage data.

• 2:00 PM ET, the April 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve. This might show some slight loosening in lending standards.

From CNBC: Pre-Market Data and Bloomberg futures: the S&P and Dow futures are mostly flat (fair value).

Oil prices were up over the last week with WTI futures at $96.91 per barrel and Brent at $105.33 per barrel.

According to Gasbuddy.com (see graph at bottom), gasoline prices are down to a national average of $3.51 per gallon. Using the calculator from Professor Hamilton, and the current price of Brent crude oil, the national average should be around $3.47 per gallon. That is just below the current level according to Gasbuddy.com. A year ago gasoline was at $3.85 per gallon.

Note: 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