·
The average price for unleaded regular gasoline fell to $1.85 per gallon
last week, putting it 6.7% below the November average.
· At $41.83 per barrel, the price of West Texas Intermediate crude oil last week was 13.2% below the $48.20 averaged in November and was down 24.2% from the weekly high of $55.18 in late October.
· Wholesale natural gas prices have been volatile, but relatively firm at $6.07/mmbtu last week.
· For the latest Short Term Energy Outlook from the US Department of Energy click here.
· "Do Energy Price Price Spikes Cause Inflation?" is 2003 research from the Federal Reserve Bank of Cleveland and is available here.