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Economy in Brief

Gasoline Prices Rose Last Week
by Tom Moeller July 18, 2006

Versus the prior week, retail gasoline prices rose two cents last week to $2.99 per gallon (29.0% y/y). During June prices averaged $2.89.

A further increase in retail gas prices may be in store this week as the spot market price for regular unleaded gasoline yesterday at $2.25 was up another nickel from last week's average.

The price of West Texas Intermediate crude oil yesterday at $75.31 per barrel was about unchanged with last week's average but it was up sharply from the $70.96 averaged during June.

The latest Short-Term Energy and Summer Fuels Outlook from the U.S. Energy Information Administration can be found here.

US Weekly 07/17/06 07/10/06 Y/Y 2005 2004 2003
U.S. Retail Gasoline, Regular per Gal. $2.99 $2.97 29.0% $2.27 $1.85 $1.56
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