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Economy in Brief

Gasoline Prices Up Again
by Tom Moeller December 19, 2006

Pump prices for regular unleaded gasoline rose three cents last week to an average $2.32 per gallon. That left this month's average price for gasoline up seven cents from the November average of $2.23.

The spot market (NY harbor) price for a gallon of regular gasoline has surged recently with the price yesterday at $1.74 per gallon versus an average $1.66 last week.

Oil prices also have been firm with the price yesterday for WTI crude at $62.22 (8.5% y/y).

The latest Short-Term Energy Outlook from the U.S. Energy Information Administration is available here.

Weekly Energy Prices 12/18/06 12/11/06 Y/Y 2005 2004 2003
US Retail Gasoline Price, Regular $2.32 $2.29 4.9% $2.27 $1.85 $1.56
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