- New Zealand: International Trade (Feb)
- Korea: Consumer Survey Index (Mar); Philippines: Public Finance (Jan)
- Weekly: **Initial Claims Data Revisions Completed**
- Euro area: Flash Consumer Confidence Indicator (Mar)
- US: New Residential Sales (Feb)
- Belgium: Business Survey (Mar)
- Uruguay: GDP (Q4)
- more updates...
Economy in Brief
Kansas City Federal Reserve Factory Index Strengthens; Expectations Surge
The Kansas City Fed reported that its index of regional manufacturing sector business activity increased to 20 during March...
U.S. Initial Unemployment Insurance Claims Rise
Initial claims for unemployment insurance increased to 258,000 (-3.0% y/y) during the week ended March 18...
U.K. Retail Looks Less Bulletproof
For the most part, the assessments embodied in the March survey from the UK's CBI are being taken as being upbeat...
U.S. Existing Home Sales Fall to Five-Month Low; Inventory Remains Tight
Sales of existing single-family homes declined 3.7% (+5.4% y/y) to 5.480 million units (AR) during February...
U.S. FHFA House Price Index Momentum Diminishes
The FHFA U.S. house price index remained unchanged during January following a 0.4% December increase ...
Japan's Trade Trends Turn Sharply Higher
Japan has logged its largest current account surplus since April 2010...
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|