- Weekly: **Unemployment Initial Claims Data have been revised**
- US: Housing Starts by State and Region (Feb)
- CPB World Trade Monitor (Jan)
- CPB World Trade Monitor (Jan)
- France: Registered Unemployed & Job Vacancies (Feb)
- US: Household Employment for States and Regions (Feb)
- US: Wholesale Trade Revisions, Advance Durable Goods (Feb)
- Manufacturing Survey - Markit US (Flash - Mar), Composite Survey - US (Flash - Mar), Services Survey - US (Flash - Mar)
- more updates...
Economy in Brief
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
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...
by Tom Moeller March 14, 2017
Regular gasoline prices eased to $2.32 per gallon (+18.5% y/y) last week compared to $2.34 per gallon during the prior week. Prices remained lower than the 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The seasonally adjusted price eased to $2.33 per gallon from $2.35 in the prior week and was lower than the $2.71 January high.
WTI crude oil prices fell sharply last week, and remained at $48.40 per barrel yesterday. Prices had fallen to $50.78 (+34.7% y/y) during all of last week from $53.56 in the prior week. Brent crude oil prices fell to $53.66 per barrel last week, moving lower to $51.41 per barrel yesterday.
Natural gas prices increased to $3.06/mmbtu yesterday, the highest level since early February. During all of last week, prices rose to $2.75, up by nearly three-quarters y/y.
Last week, gasoline demand declined 6.1% y/y, while total petroleum product demand fell 1.3% y/y. Gasoline inventories eased 0.5% y/y, and inventories of all petroleum products increased 1.6% y/y. Crude oil input to refineries fell 2.2% y/y in the last four weeks.
The energy price data are reported by the U.S. Department of Energy. The petroleum demand and inventory figures are from the Oil & Gas Journal Weekly. These data can be found in Haver's WEEKLY database. The daily figures are in DAILY and greater detail on prices, demand and production, along with regional breakdowns, are in OILWKLY.
|Weekly Energy Prices||03/13/17||03/06/17||02/27/17||Y/Y %||2016||2015||2014|
|Retail Gasoline ($ per Gallon, Regular)||2.32||2.34||2.31||18.5||2.31||2.03||2.30|
|Light Sweet Crude Oil, WTI ($ per bbl.)||50.78||53.56||54.02||34.7||43.22||48.90||93.64|
|Natural Gas ($/mmbtu, LA, WSJ)||2.75||2.53||2.54||70.7||2.49||2.62||4.37|