- Egypt: IP (Feb)
- US: Regional Payroll Employment (Mar)
- US: GDP by Industry (Q4)
- Realtors Confidence Index Survey (Mar)
- US: Existing Home Sales (Mar)
- Manufacturing Survey - Markit US (Flash - Mar), Composite and Services Survey - Markit US (Flash - Mar)
- Mexico: National Employment Survey(Mar)
- *Switzerland: House Price Index - Rebased to Q1-2000=100 (Q1)*
- more updates...
Economy in Brief
Fresh Six-Year PMI Highs for Euro Area
The 'fresh six-year high' is a pleasant surprise that continues, but...
Philadelphia Fed Factory Conditions Soften
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index fell to 22.0 during April...
U.S. Leading Economic Indicators Suggest Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (3.5% y/y) during March...
U.S. Initial Unemployment Insurance Applications Increase
Initial unemployment claims for unemployment insurance rose to 244,000 during the week ended April 15 (-5.1% y/y)...
Japan's 'Trade Trends' Stabilize on an Unstable Foundation
Japan trade trends, broadly considered, seem to be stabilizing...
U.S. Mortgage Loan Applications Fall
The MBA total Mortgage Applications Volume Index declined 1.8% last week (-24.9% y/y)...
by Tom Moeller April 4, 2017
Regular gasoline prices improved to $2.36 per gallon last week (13.3% y/y), up versus three weeks of stability at $3.32 per gallon. 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 rose to $2.34 per gallon, but remained down from the $2.71 January high.
WTI crude oil prices recovered to $49.17 per barrel last week (31.5% y/y) following the prior week's decline to $47.57. Prices rose further to $50.24 yesterday. Prices remained lower than the $54.02 high in the third week of February. Brent crude oil prices rebounded to $52.20 per barrel last week and were $53.16 per barrel yesterday.
Natural gas prices increased to $3.02/mmbtu last week (64.8% y/y), then were $3.05 yesterday. Prices were up versus the $2.53 low early last month.
Last week, gasoline demand declined 1.0% y/y, while total petroleum product demand improved 0.7% y/y. Gasoline inventories fell 1.2% y/y and inventories of all petroleum products increased 0.5% y/y. Crude oil input to refineries fell 1.5% y/y in the last four weeks.
The energy price data are reported by the U.S. Department of Energy. The petroleum demand and inventory figures are from the Oil & Gas Journal Weekly. These data can be found in Haver's WEEKLY database. The daily figures are in DAILY and greater detail on prices, demand and production, along with regional breakdowns, are in OILWKLY.
|Weekly Energy Prices||04/03/17||03/27/17||03/20/17||Y/Y %||2016||2015||2014|
|Retail Gasoline ($ per Gallon, Regular)||2.36||2.32||2.32||13.3||2.31||2.03||2.30|
|Light Sweet Crude Oil, WTI ($ per bbl.)||49.17||47.57||48.23||31.5||43.22||48.90||93.64|
|Natural Gas ($/mmbtu, LA, WSJ)||3.02||2.96||2.95||64.8||2.49||2.62||4.37|