- US: Advance Durable Goods, Advance Trade & Inventories (Mar)
- Brazil: PPI (Mar); Mexico: Compensation and Productivity (Feb)
- Canada: Payroll Employment, Earnings, & Hours (Feb)
- Spain: Advanced HICP & CPI, Construction Business Survey Press (Apr)
- Belgium: CPI (Apr)
- Germany: GfK Consumer Climate Survey, State CPI: Bavaria, Saxony, Berlin, Hesse, North Rhine-Westphalia, Brandenburg (Apr)
- Building Permits (Feb)
- UK: Motor Vehicle Production (Mar)
- more updates...
Economy in Brief
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y)...
Japan's METI Indexes Show Ongoing Gains
The services sector is assessed by the METI indexes where it is named the 'tertiary sector.' That sector index rose to 104.1 in February...
U.S. New Home Sales & Prices Strengthen
Sales of new single-family homes increased 5.8% (15.6% y/y) during March to 621,000...
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3...
U.S. FHFA House Price Index Regains Strength
The FHFA U.S. house prices increased 0.8% during February (6.5% y/y)...
French Manufacturing and Service Sectors Weaken But Stay on Trend or Hold Recent Gains
The French manufacturing sector trend index is down to 1 in April from 3 in March...
by Tom Moeller October 12, 2016
Regular gasoline prices rose to $2.27 per gallon (-2.8% y/y) last week, the highest level since early July. Prices remained down, however, versus a 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal variation in pump prices. The adjusted price increased to $2.25 per gallon, the highest level since early-January.
WTI crude oil prices rose to $49.51 per barrel last week (2.4% y/y). Yesterday, prices increased further to $50.79 per barrel, and surpassed the weekly high in June of $50.19. Prices hit a daily low of $26.21 per barrel in February. Brent crude oil prices rose to $51.56 per barrel last week, then were $52.42 yesterday.
Natural gas prices eased to $2.89 per mmbtu (+21.1% y/y) last week from $2.97, then strengthened to $3.14 yesterday.
Last week, gasoline demand increased 3.2% y/y, while demand for all petroleum products improved 3.0% y/y. Gasoline inventories rose a weakened 1.6% y/y and inventories of all petroleum products increased 4.5% y/y. Crude oil production (input to refineries) gained 2.3% y/y in the last four weeks.
The energy price data are reported by the U.S. Department of Energy. The petroleum demand and inventory figures are from the Oil & Gas Journal Weekly. These data can be found in Haver's WEEKLY database. The daily figures are in DAILY and greater detail on prices, demand and production, along with regional breakdowns, are in OILWKLY.
The minutes to the latest FOMC meeting are available here.
|Weekly Energy Prices||10/10/16||10/03/16||09/26/16||Y/Y %||2015||2014||2013|
|Retail Gasoline ($ per Gallon, Regular)||2.27||2.25||2.22||-2.8||2.03||2.30||3.33|
|Light Sweet Crude Oil, WTI ($ per bbl., WSJ)||49.51||46.57||44.64||2.4||48.90||93.64||97.96|
|Natural Gas ($/mmbtu, LA, WSJ)||2.89||2.97||3.07||21.1||2.62||4.37||3.73|