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Economy in Brief
Empire State Manufacturing Sector Improvement Moderates
The Empire State Manufacturing Index of General Business Conditions declined to 10.9 in December...
EMU Trade Shows Some Trade Flow Rebound
Trade flows are rebounding on differing dynamics in the euro area...
U.S. Retail Sales Start Holiday Season on Solid Ground
Consumers continued to exhibit their inclination to spend as holiday shopping got underway...
U.S. Industrial Production Rebounds
Industrial production jumped a greater-than-expected 0.6% (3.9% year-on-year) during November...
U.S. Business Inventory Accumulation Picks Up
Total business inventories increased 0.6% (5.1% y/y) during October...
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 |
