by Calculated Risk on 10/26/2014 08:25:00 PM

From CNBC: U.S. gasoline cheapest in nearly four years -Lundberg survey

The average price of U.S. retail gasoline dropped 18 cents in the past two weeks to the lowest level in nearly four years, driven by a steep drop in oil prices, according to the latest Lundberg survey released on Sunday.

Prices fell 18 cents to an average of $3.08 per gallon for regular grade gasoline, according to the fortnightly survey conducted on Oct. 24, the lowest price since Dec. 2010.

Monday:
• Early, the Black Knight August House Price Index report

• At 10:00 AM ET, the Pending Home Sales Index for September. The consensus is for a 0.8% increase in the index.

• At 10:30 AM, the Dallas Fed Manufacturing Survey for October.

• During the day (Monday or Tuesday): Q3 NMHC Apartment Tightness Index.

Weekend:
• Schedule for Week of October 26th

• FOMC: End of QE3, Shorter Statement

From CNBC: Pre-Market Data and Bloomberg futures: currently the S&P futures are up 3 and DOW futures are up about 35 (fair value).

Oil prices were down over the last week with WTI futures at $81.18 per barrel and Brent at $86.13 per barrel.  A year ago, WTI was at $97, and Brent was at $109 - so prices are down close to 20%  year-over-year.

Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are around $3.05 per gallon (down about 25 cents from a year ago).  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