- 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 Carol Stone, CBE November 22, 2016
Energy product prices were mixed last week. Regular gasoline prices edged down 3 cents per gallon to $2.155 (+2.9% y/y), their lowest level since mid-August. Prices remained down versus a 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal variation in these pump prices. The adjusted price last week was virtually unchanged at $2.29 per gallon.
WTI crude oil prices last week reversed much of their prior week's decline, as they rose to $45.17 a barrel (+11.2% y/y) from $44.64 the week before. Yesterday, prices moved on upward, reaching $47.49. Brent crude oil prices climbed from $45.73 per barrel in the week ended November 11 to $46.18 last week, then rose somewhat more yesterday to $46.86.
Natural gas prices rose to $2.43/mmbtu last week (+14.6% y/y), exactly reversing the prior week's decline. These prices have clearly stopped their recent four-week fall, and yesterday reached $2.80.
Last week, gasoline demand rose 3.4% y/y, while demand for all petroleum products went down 0.6% y/y. Gasoline inventories rose 3.5% y/y, and inventories of all petroleum products increased 3.4% y/y. Crude oil input to refineries eased 0.2% y/y in the last four weeks.
The energy price data are reported by the U.S. Department of Energy. The petroleum demand and inventory figures are from the Oil & Gas Journal Weekly. These data can be found in Haver's WEEKLY database. The daily figures are in DAILY and greater detail on prices, demand and production, along with regional breakdowns, are in OILWKLY.
|Weekly Energy Prices||11/21/16||11/14/16||11/07/16||Y/Y %||2015||2014||2013|
|Retail Gasoline ($ per Gallon, Regular)||2.155||2.184||2.233||2.9||2.03||2.30||3.33|
|Light Sweet Crude Oil, WTI ($ per bbl., WSJ)||45.17||44.63||45.51||11.2||48.90||93.64||97.96|
|Natural Gas ($/mmbtu, LA, WSJ)||2.43||2.20||2.43||14.6||2.62||4.37||3.73|