- Korea: Housing Price Index (Apr)
- US: Consumer Sentiment (Apr-final), GDP (Q1 Adv), ECI (Q1)
- Consumer Sentiment Detail (Apr-final)
- US: Selected NIPA Tables (Q1-Adv), Summary key Source Data (Q1)
- Canada: GDP by Industry (Feb), Industrial Product Prices (Mar)
- *Taiwan National House Price Indexes Rebased to 2016=100.*
- Euro area: HICP (Apr-Flash), ECB Survey of Professional Forecasters (Q2)
- Italy: CPI, HICP (Apr-Prelim)
- Brazil: Sao Paolo Capacity Utilization (Mar);Mexico: Debt (Mar);
- more updates...
Economy in Brief
U.S. Employment Cost Index Has Stronger Gain
Lifted by outsized rises in several industries, the employment cost index for civilian workers rose 0.8% (2.4% y/y) during Q1'17...
Chicago Purchasing Managers Index Strengthens
The Chicago Purchasing Managers Business Barometer Index for April increased to 58.3 from 57.7 in March...
EMU Money and Credit Perk Up
There is some noticeable acceleration in EMU money and credit growth...
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March...
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment claims for unemployment insurance rose to 257,000 during the week ended April 22...
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March...
by Tom Moeller March 15, 2016
Regular gasoline prices added to recent gains, and rose last week to $1.96 per gallon (-20.1% y/y) from $1.84 in the prior week. It was the highest price since mid-January, according to the U.S. Department of Energy. The price compares to a 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal variation in pump prices, and the adjusted price rose to $1.97 per gallon.
WTI crude oil costs increased to $37.84 per barrel last week (-20.7% y/y) from $34.45 in the prior week. Yesterday, prices dipped to $37.18 per barrel from $40.38 on Friday. Prices remained well below the peak of $113.93 in April 2011. Brent crude oil prices increased w/w to $40.35 per barrel, but slipped to $39.56 yesterday. The price was $27.73 in late January.
Prices for natural gas improved slightly last week to $1.61 per mmbtu (-41.4% y/y), and were $1.68 yesterday.
Last week, gasoline demand strengthened 7.0% y/y, while demand for all petroleum products improved 1.1% y/y. Gasoline inventories rose 4.4% y/y, while inventories of all petroleum products gained 8.8% y/y. Crude oil production (input to refineries) increased 3.6% y/y during the last four weeks.
The energy price data are reported by the U.S. Department of Energy. The petroleum demand and inventory figures are from the Oil & Gas Journal Weekly. These data can be found in Haver's WEEKLY database. The daily figures are in DAILY and greater detail on prices, demand and production, along with regional breakdowns, are in OILWKLY.
|Weekly Energy Prices||03/14/16||03/07/16||02/29/16||Y/Y %||2015||2014||2013|
|Retail Gasoline ($ per Gallon, Regular)||1.96||1.84||1.78||-20.1||2.03||2.30||3.33|
|Light Sweet Crude Oil, WTI ($ per bbl., WSJ)||37.84||34.45||32.02||-20.7||48.90||93.64||97.96|
|Natural Gas ($/mmbtu, LA, WSJ)||1.61||1.57||1.77||-41.4||2.62||4.37||3.73|