Recent Updates
- Greece: Import Price Index Press (Oct)
- Japan: Tankan Surveys: Kochi, Nagano, Hokkaido, Aomori, Tohoku, Gunma, Ehime, Kumamoto, Yamanashi, Hokuriku (Q4)
- Montenegro: HICP (Nov)
- Slovenia: Construction Cost Index
- Poland: CPI (Nov)
- Russia: Remittances (Q3)
- Macedonia: National Bank Balance Sheet & Survey (Nov)
- Germany: Wholesale Trade Prices, Bremen State CPI (Nov), Consolidated
- more updates...
Economy in Brief
U.S. Government Budget Deficit Surges Unexpectedly
The U.S. Treasury Department reported that the federal government ran a $204.9 billion budget deficit during November...
U.S. Initial Unemployment Insurance Claims Decline
Initial claims for unemployment insurance fell to 206,000 (-7.6% y/y) during the week ended December 8...
EMU Inflation Falls Back Into Place
The ECB targets inflation of just under 2%...
U.S. CPI Is Unchanged; Core Prices Increase Steadily
The Consumer Price Index held steady during November (2.2% y/y)...
U.S. Mortgage Loan Applications Post Another Strong Increase
The MBA total Mortgage Applications Index rose 1.6% (-13.2% y/y) during the week ended December 7...
by Tom Moeller June 22, 2005
The price of oil touched $59.37 on Monday then a barrel of West Texas Intermediate crude dropped back yesterday to $56.91. So far in 2005 the price of crude has averaged $52.75, up 26% versus last year's average.
In the US, the average price for unleaded regular gasoline rose to $2.16 per gallon last week versus an average of $2.13 during the prior five weeks. The high was $2.28 in early April.
Wholesale natural gas prices jumped to $7.28/mmbtu (15.6% y/y) last week. During only one week in early April was the price higher.
For the latest Short Term Energy Outlook from the US Department of Energy click here.
| Energy Prices | 06/21/05 | 12/31/04 | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| US Retail Gasoline, Regular ($/Gal.) | $2.16 | $1.79 | 12.6% | $1.85 | $1.56 | $1.35 |
| Domestic Spot Market Price: West Texas Intermediate ($/Barrel) | $56.91 | $41.78 | 33.7% | $41.78 | $32.78 | $31.23 |
