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Economy in Brief

Gasoline & Crude Oil Prices Up
by Tom Moeller July 23, 2004

The average price for unleaded regular gasoline rose last week to $1.93, the second week of rise following six of decline from the peak of $2.06.

Spot crude oil prices also moved higher with the price of West Texas Intermediate crude at $40.86 last week and $41.46 yesterday.

Wholesale natural gas prices eased somewhat last week to $5.91/mmbtu (+17.0% y/y).

For the latest Short Term Energy Outlook from the US Department of Energy click here.

Energy Prices 07/19/04 12/31/03 Y/Y 2003 2002 2001
US Retail Gasoline, Regular ($/Gal.) $1.93 $1.48 26.5% $1.56 $1.35 $1.42
Domestic Spot Market Price: West Texas Intermediate ($/Barrel) $40.86 $32.78 35.4% $32.78 $31.23 $19.38
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