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Economy in Brief
U.S. Current Account Deficit Widens
The U.S. current account deficit rose to $124.1 billion during Q1 2018...
German PPI Sees Pressure, But Core Rate Is Much Less Affected
Germany has a history of being ‘unreasonable’ about inflation...
U.S. Housing Starts Recover to 11-Year High
Total housing starts rose 5.0% (20.3% y/y) during May to 1.350 million units (SAAR)...
U.S. Energy Prices Are Mixed
Retail gasoline prices slipped to $2.88 per gallon last week (+24.2% y/y)...
U.S. Home Builder Index Backpedals
The Composite Housing Market Index from the NAHB-Wells Fargo fell 2.9% (+3.0% y/y) to 68 during June ...
by Tom Moeller February 24, 2005
The average price for unleaded regular gasoline rose to $1.91 per gallon last week and the average price this month of $1.90 is up versus the low of $1.83 in January.
The price of oil firmed even more with the price of West Texas Intermediate crude rising over $50.00 per barrel.
Wholesale natural gas prices moderated last week to $6.02/mmbtu (+11.1% y/y).
For the latest Short Term Energy Outlook from the US Department of Energy click here.
| Energy Prices | 02/21/05 | 12/31/04 | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| US Retail Gasoline, Regular ($/Gal.) | $1.91 | $1.79 | 12.9% | $1.85 | $1.56 | $1.35 |
| Domestic Spot Market Price: West Texas Intermediate ($/Barrel) | $51.16 | $41.78 | 41.8% | $41.78 | $32.78 | $31.23 |
