Recent Updates
- US: Employment Situation (Feb), Intl Trade (Jan)
- US: Establishment Survey Detail (Feb)
- US: Household Survey Detail (Feb)
- Canada: International Trade (Jan), Ivey PMI (Feb)
- Serbia: PPI (Feb)
- more updates...
Economy in Brief
U.S. Consumer Credit Outstanding Declines in January
Consumers reduced credit balances further in January...
U.S. Trade Deficit Widens to $68.2 Billion in January
The U.S. trade deficit in goods and services widened to $68.2 billion in January...
German Order Growth Gets Back in Gear Despite the Headwinds
German order growth is back in gear with total orders rising by 1.4% m/m in January...
U.S. Factory Orders & Shipments Rise Again in January
Manufacturing activity is strengthening. Factory orders rose 2.6% (2.8% y/y) in January...
U.S. Initial Unemployment Insurance Claims Rise Just 9,000
Initial claims for unemployment insurance rose modestly by 9,000 to 745,000 in the week ended February 27...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller July 26, 2005
In the US, the average price for unleaded regular gasoline dipped to $2.29 per gallon last week from $2.32 or more during the prior two weeks. Early month strength lifted the July average so far 6.2% above June. In 2005 gasoline prices have averaged $2.10 per gallon of regular grade versus $1.85 last year.
The price of crude oil also has fallen of late with a barrel of West Texas Intermediate crude yesterday at $56.01. Earlier in the month crude oil prices briefly touched $61.29/bbl. and have averaged $58.60 in July versus $41.44 during 2004.
Wholesale natural gas prices held steady at $7.77/mmbtu (33.0% y/y) last week. The average price during July is up 7.2% versus June.
For the latest Short Term Energy Outlook from the US Department of Energy click here.
Energy Prices | 07/25/05 | 12/31/04 | Y/Y | 2004 | 2003 | 2002 |
---|---|---|---|---|---|---|
US Retail Gasoline, Regular ($/Gal.) | $2.29 | $1.79 | 20.2% | $1.85 | $1.56 | $1.35 |
Domestic Spot Market Price: West Texas Intermediate ($/Barrel) | $57.47 | $41.78 | 40.7% | $41.78 | $32.78 | $31.23 |