- China: Industrial Profits (Mar); Philippines: Tourist Arrivals (Feb); Korea: GDP (Q1)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts and Statistical Balance Sheet (Mar); Australia: Import and Export Price Indexes (Q1)
- Japan: Input Output Prices, International Trade, Lease Contracts (Mar), First 10 Days Trade (Apr)
- France: INSEE Household Survey (Apr), Registered Unemployed & Job
- 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 January 4, 2017
The cost of energy products is moving higher. Regular gasoline prices rose to $2.38 per gallon (17.2% y/y) last week, the highest level since early in June. Prices remained down from a 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal variation in these pump prices. Since weakness in gasoline demand generally leads to lower prices at this time of year, the seasonally adjusted price rose sharply last week to $2.68 per gallon, the highest level since December 2014.
Crude oil prices also continue to strengthen. WTI crude oil prices increased to $53.58 per barrel (44.9% y/y) last week. Prices were up to the highest level since July 2015. Yesterday, prices eased to $52.33 per barrel. Brent crude oil prices increased to $54.45 per barrel last week, then rose to $55.05 per barrel yesterday.
Natural gas prices rose to $3.67/mmbtu last week (64.0% y/y), and made up most of the declines during the prior two weeks. They were close to their highest price level since December 2014. Prices eased to $3.39 yesterday.
Last week, gasoline demand declined 2.8% y/y, while demand for all petroleum products fell 1.5% y/y. Gasoline inventories increased 2.6% y/y, and inventories of all petroleum products increased 2.2% y/y. Crude oil input to refineries eased 0.6% y/y in the last four weeks.
The energy price data are reported by the U.S. Department of Energy. The petroleum demand and inventory figures are from the Oil & Gas Journal Weekly. These data can be found in Haver's WEEKLY database. The daily figures are in DAILY and greater detail on prices, demand and production, along with regional breakdowns, are in OILWKLY.
|Weekly Energy Prices||01/02/17||12/26/16||12/19/16||Y/Y %||2016||2015||2014|
|Retail Gasoline ($ per Gallon, Regular)||2.38||2.31||2.26||17.2||2.31||2.03||2.30|
|Light Sweet Crude Oil, WTI ($ per bbl., WSJ)||53.58||52.36||51.92||44.9||43.22||48.90||93.64|
|Natural Gas ($/mmbtu, LA, WSJ)||3.67||3.50||3.54||64.0||2.49||2.62||4.37|