The twelve months to November, 2016 have been rather volatile, with year-to-year changes ranging between being down $6.12 and up $5.48. The November average rate quote is up an insignificant $0.05 from November 2015, so in spite of all the volatility, the previous 12 months have averaged a small $0.31 decrease.
After strong results in August and September, there was reason to hope that we were seeing the start of an upward trend, but October and November have proved to be disappointing. The best we can hope for, based on these results, is flat results through the winter.
Regionally, the Northeast and Midwest — at $51.65 and $46.25 respectively — are well above the other three, all of which are in the mid-thirties.
The project will create 3,000 new jobs and more than $75 million in capital investment.