- Retail Trade, Household Consumption (Feb), Population (Feb)
- Mauritius: PPI (Feb-Prelim)
- Business Sentiment Survey (Mar)
- Korea: Building Permits (Feb); Philippines: LFS (Q3); Thailand: PPI (Mar-Press)
- Japan: First Ten Days Trade (Mar), International Trade, Real Trade Indexes (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency
- more updates...
Economy in Brief
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
German Federal Debt Levels Fall
German debt level fell outright in Q4 2016 as the ratio of federal debt-to-GDP also fell...
NABE 2018 Forecast: Modest Improvement in Economic Growth & Higher Inflation
The NABE expects 2.5% real U.S. economic growth in 2018 compared to 2.3% forecast for 2017...
by Tom Moeller January 24, 2017
Regular gasoline prices dipped to $2.33 per gallon (+25.3% y/y) last week following a slip to $2.36 per gallon in the prior week. Prices peaked at $2.39 earlier in the month, and remained down from a 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal variation in these pump prices. The seasonally adjusted price was little changed w/w at $2.68 per gallon.
Crude oil prices also eased last week. WTI crude oil prices of $51.84 per barrel (+77.9% y/y) last week were below the December high of $53.59 per barrel. Yesterday, prices increased to $52.75 per barrel. Brent crude oil prices slipped to $54.96 per barrel last week, then rose to $55.26 per barrel yesterday.
Natural gas prices fell minimally to $3.25/mmbtu last week (+47.8% y/y). Prices declined to $3.15 yesterday.
Last week, gasoline demand declined 2.4% y/y, while demand remained steady y/y. Gasoline inventories increased 0.6% y/y, and inventories of all petroleum products increased 1.8% y/y. Crude oil input to refineries rose 1.4% y/y in the last four weeks.
The energy price data are reported by the U.S. Department of Energy. The petroleum demand and inventory figures are from the Oil & Gas Journal Weekly. These data can be found in Haver's WEEKLY database. The daily figures are in DAILY and greater detail on prices, demand and production, along with regional breakdowns, are in OILWKLY.
|Weekly Energy Prices||01/23/17||01/16/17||01/09/17||Y/Y %||2016||2015||2014|
|Retail Gasoline ($ per Gallon, Regular)||2.33||2.36||2.39||25.3||2.31||2.03||2.30|
|Light Sweet Crude Oil, WTI ($ per bbl., WSJ)||51.84||52.08||53.34||77.8||43.22||48.90||93.64|
|Natural Gas ($/mmbtu, LA, WSJ)||3.25||3.26||3.35||47.8||2.49||2.62||4.37|