- Japan: **Japan Tokyo employment index rebased to 2015=100**
- Saudi Arabia: Non-Oil Foreign Trade (Feb); Kuwait: CPI (Mar); Tanzania: BOP, Trade, Depository Corporations Survey, Public Finance (Feb)
- Portugal: OMFIs Balance Sheet (Feb)
- Luxembourg: Employment and Unemployment (Mar)
- Kazakhstan: GDP by Income, Labor Productivity Index (Q4), Loans and Deposits, Monetary Aggregates, Banking System Surveys, Public Finance (Mar)
- more updates...
Economy in Brief
Fresh Six-Year PMI Highs for Euro Area
The 'fresh six-year high' is a pleasant surprise that continues, but...
Philadelphia Fed Factory Conditions Soften
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index fell to 22.0 during April...
U.S. Leading Economic Indicators Suggest Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (3.5% y/y) during March...
U.S. Initial Unemployment Insurance Applications Increase
Initial unemployment claims for unemployment insurance rose to 244,000 during the week ended April 15 (-5.1% y/y)...
Japan's 'Trade Trends' Stabilize on an Unstable Foundation
Japan trade trends, broadly considered, seem to be stabilizing...
U.S. Mortgage Loan Applications Fall
The MBA total Mortgage Applications Volume Index declined 1.8% last week (-24.9% y/y)...
by Tom Moeller January 10, 2017
Regular gasoline prices of $2.39 per gallon (19.6% y/y) last week edged up from $2.38 per gallon in the prior week. Haver Analytics constructs factors adjusting for the seasonal variation in these pump prices. Weakness in gasoline demand generally leads to lower prices at this time of year. The seasonally adjusted price increased last week to $2.71 per gallon, the highest level since December 2014.
Crude oil prices eased slightly. WTI crude oil prices of $53.34 per barrel (+54.0% y/y) last week compared to $53.59 during the week prior. Prices remained near the highest level since July 2015. Yesterday, prices eased to $51.96 per barrel. Brent crude oil prices increased to $55.13 per barrel last week, then fell to $54.39 per barrel yesterday.
Natural gas prices eased to $3.35/mmbtu last week (+40.8% y/y) from $3.67. Prices fell further to $3.12 yesterday.
Last week, gasoline demand slipped 0.2% y/y, while demand for all petroleum products eased 0.5% y/y. Gasoline inventories increased 1.5% y/y, and inventories of all petroleum products increased 2.1% y/y. Crude oil input to refineries remained unchanged y/y in the last four weeks.
The energy price data are reported by the U.S. Department of Energy. The petroleum demand and inventory figures are from the Oil & Gas Journal Weekly. These data can be found in Haver's WEEKLY database. The daily figures are in DAILY and greater detail on prices, demand and production, along with regional breakdowns, are in OILWKLY.
|Weekly Energy Prices||01/09/07||01/02/17||12/26/16||Y/Y %||2016||2015||2014|
|Retail Gasoline ($ per Gallon, Regular)||2.39||2.38||2.31||19.6||2.31||2.03||2.30|
|Light Sweet Crude Oil, WTI ($ per bbl., WSJ)||53.34||53.59||52.36||54.0||43.22||48.90||93.64|
|Natural Gas ($/mmbtu, LA, WSJ)||3.35||3.67||3.50||40.8||2.49||2.62||4.37|