·
The retail price for a gallon of regular gasoline was relatively
stable last week. A penny rise to $3.61 per gallon, according to the
U.S. Department of Energy survey, followed a ten cent increase during
the last week of April. Prices have risen 56 cents (18.3%) since
the end of last year.
· Spot market prices for gasoline rose further yesterday. The wholesale price for a gallon of non-oxygenated gasoline was $2.94 per gallon, up eight cents from Friday and up ten cents from last week's average.
· During all of last week, the price of a barrel of WTI crude oil fell nearly four dollars w/w to an average of $115.34. Yesterday, however, the price recovered sharply to $119.97. The record was reached during the third week of April prices reached $121.57.
· Natural gas prices also have move higher. Yesterday's wholesale price of natural gas at $10.88 per mmbtu was up from Friday's price and up from last week's average of $10.74/mmbtu.
· Weekly gasoline prices can be found in Haver's WEEKLY database, daily prices are found in the DAILY database.
· Mortgage Delinquencies and Foreclosures are yesterday's remarks by Fed Chairman Ben S. Bernancke and they can be found here.