- US: Advance Durable Goods, Advance Trade & Inventories (Mar)
- Canada: Payroll Employment, Earnings, & Hours (Feb)
- Spain: Advanced HICP & CPI, Construction Business Survey Press (Apr)
- Belgium: CPI (Apr)
- Brazil: PPI (Mar)
- Germany: GfK Consumer Climate Survey, State CPI: Bavaria, Saxony, Berlin, Hesse, North Rhine-Westphalia, Brandenburg (Apr)
- Building Permits (Feb)
- UK: Motor Vehicle Production (Mar)
- more updates...
Economy in Brief
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y)...
Japan's METI Indexes Show Ongoing Gains
The services sector is assessed by the METI indexes where it is named the 'tertiary sector.' That sector index rose to 104.1 in February...
U.S. New Home Sales & Prices Strengthen
Sales of new single-family homes increased 5.8% (15.6% y/y) during March to 621,000...
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3...
U.S. FHFA House Price Index Regains Strength
The FHFA U.S. house prices increased 0.8% during February (6.5% y/y)...
French Manufacturing and Service Sectors Weaken But Stay on Trend or Hold Recent Gains
The French manufacturing sector trend index is down to 1 in April from 3 in March...
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|