·
The pump price for a gallon of regular gasoline fell another six cents last week to
$3.69 per gallon,
according to the U.S. Department of Energy survey. The price has now
fallen by 43 cents, or 10.4%, from the peak in early July. Nevertheless,
gasoline prices still are one-third higher than last summer. For all
grades of gasoline the average price fell six cents to $3.74
per gallon.
· Yesterday the spot market price for a gallon of regular gasoline fell to $2.82 per gallon. That was versus last week's average of $2.86.
· Weekly gasoline prices can be found in Haver's WEEKLY database, daily prices are in the DAILY database.
· According to the U.S.
Department of Energy, the demand for gasoline rose a slight 0.2% during
the last four weeks but remained down 1.9% from a year earlier.
· The DOE figures are available in Haver's OILWKLY database.
· The price for a barrel of West Texas Intermediate crude oil ticked up last week to an average $115.60 per barrel. That's down from the high early last month of $142.46. The price was, however, still up by two-thirds from last summer.
· Prices for natural gas fell again w/w to an average $7.93 per mmbtu (+33.6% y/y). The high for natural gas prices was in early-July at $13.19/mmbtu.
· Fueling Expected Inflation from the Federal Reserve Bank of St. Louis can be found here.