Recent Updates
- US: Consumer Sentiment (Jan-prelim), Mfg & Trade Inventories & Sales (Nov), IP & Capacity Utilization, Adv Retail Sales, Producer Prices (Dec)
- US: Industrial Production Detail (Dec)
- US: Producer Price Indexes by Commodity Detail (Dec)
- more updates...
Economy in Brief
Empire State Manufacturing Index Declines in January
The Empire State Manufacturing Index of General Business Conditions decreased to 3.5 in January...
U.S. Industrial Production Continues Recovery
Industrial production advanced 1.6% in December...
U.S. PPI Rose 0.3% in December
The Producer Price Index for final demand rose 0.3% (0.8% y/y) in December...
U.S. Business Inventories Accumulate during November as Sales Weaken
Total business inventories increased 0.5% during November (-3.2% y/y)...
The EMU Trade Surplus Stabilizes
Both exports and imports have been regaining momentum...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller February 27, 2018
Retail gasoline prices slipped to $2.55 per gallon last week (+10.1% y/y) from $2.56 per gallon during the prior week. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The seasonally-adjusted price fell to $2.70 per gallon from $2.77.
WTI crude oil prices rebounded to $62.48 per barrel last week (15.7% y/y), and more-than-reversed the prior week's decline. Prices rose further yesterday to $63.91 per barrel. Brent crude oil prices increased to $65.52 per barrel last week and rose to $67.96 yesterday.
Natural gas prices improved to $2.60/mmbtu last week (2.7% y/y) and were $2.59/mmbtu yesterday.
In the week ended February 9, gasoline demand increased 5.4% y/y, while total petroleum product demand improved 4.3% y/y. Gasoline inventories declined 2.8% y/y, while inventories of all petroleum products fell 8.8% y/y. Crude oil input to refineries improved 3.6% y/y in the last four weeks.
The energy price data are reported by the U.S. Department of Energy. The petroleum demand and inventory figures are from the Oil & Gas Journal Weekly. These data can be found in Haver's WEEKLY database. The daily figures are in DAILY and greater detail on prices, demand and production, along with regional breakdowns, are in OILWKLY.
Weekly Energy Prices | 02/26/18 | 02/19/18 | 02/12/18 | Y/Y % | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|
Retail Gasoline ($ per Gallon, Regular) | 2.55 | 2.56 | 2.61 | 10.1 | 2.47 | 2.31 | 2.03 |
Light Sweet Crude Oil, WTI ($ per bbl.) | 62.48 | 60.47 | 62.01 | 15.7 | 50.87 | 43.22 | 48.90 |
Natural Gas ($/mmbtu, LA, WSJ) | 2.60 | 2.52 | 2.72 | 2.7 | 2.96 | 2.49 | 2.62 |