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Economy in Brief

Energy Prices Firm
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
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