- US: GDP & Corporate Profits (Q4, 3rd release)
- Canada: Industrial Products & Raw Material Prices (Feb)
- Spain: Flash HICP and CPI, Construction Business Survey Press (Mar)
- Euro area: EC Business and Consumer Surveys (Mar)
- Belize: GDP (Q4)
- Chile: IP (Feb); Brazil: Retail Trade - Rebased 2014=100 (Jan)
- Croatia: Employment, Retail Trade Press (Feb), Earnings (Jan); Bulgaria: PPI (Feb); Montenegro: Wages (Feb); Latvia: Retail Trade (Jan); Lithuania: External Debt Service (Q4);
- more updates...
Economy in Brief
U.S. Initial Claims for Unemployment Insurance Ease
Initial jobless insurance applications fell to 258,000 (-3.1% y/y) during the week ended March 25...
U.S. Pending Home Sales Jump
The NAR reported that pending home sales increased 5.5% in February to an index level of 112.3...
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...
by Tom Moeller February 14, 2017
Regular gasoline prices moved up to $2.31 per gallon (33.8% y/y) last week following a decline to $2.29 per gallon in the prior week. Prices peaked at $2.39 early last month and remained down from a 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The seasonally adjusted price declined w/w to $2.50 per gallon from $2.56.
WTI crude oil prices eased to $52.88 per barrel (+88.0% y/y) last week from $53.22 in the prior week. Yesterday, prices were $52.93 per barrel. Brent crude oil prices eased to $55.48 per barrel last week, moving to $55.61 per barrel yesterday.
Natural gas prices eased to $3.01/mmbtu last week (+40.4% y/y). They fell to $2.91 yesterday.
Last week, gasoline demand declined 6.0% y/y, while total petroleum product demand was little changed y/y. Gasoline inventories remained unchanged y/y, and inventories of all petroleum products increased 2.1% y/y. Crude oil input to refineries rose 2.7% y/y in the last four weeks.
The energy price data are reported by the U.S. Department of Energy. The petroleum demand and inventory figures are from the Oil & Gas Journal Weekly. These data can be found in Haver's WEEKLY database. The daily figures are in DAILY and greater detail on prices, demand and production, along with regional breakdowns, are in OILWKLY.
|Weekly Energy Prices||02/13/17||02/06/17||01/30/17||Y/Y %||2016||2015||2014|
|Retail Gasoline ($ per Gallon, Regular)||2.31||2.29||2.30||33.8||2.31||2.03||2.30|
|Light Sweet Crude Oil, WTI ($ per bbl., WSJ)||52.88||53.32||52.97||88.0||43.22||48.90||93.64|
|Natural Gas ($/mmbtu, LA, WSJ)||3.01||3.08||3.27||40.4||2.49||2.62||4.37|