Recent Updates
- US: Consumer Sentiment (Feb-final), Chicago PMI (Feb),Personal Income, Adv Trade & Inventories (Jan)
- US: Consumer Sentiment Detail (Feb-final)
- Canada: Industrial Product Prices (Jan)
- UK: Motor Vehicle Production (Jan)
- more updates...
Economy in Brief
Chicago Business Barometer Declines Sharply in February
The ISM-Chicago Purchasing Managers Business Barometer fell 4.3 points in February to 59.5...
Goods Trade Deficit Widened Slightly in January
The advance estimate of the U.S. trade deficit in goods widened slightly to $83.74 billion in January..
Japan's Industrial Sector Mounts a Comeback
Japan's IP surged in January gaining 4.3% compared to December...
Aircraft Orders Boost U.S. Durable Goods Orders in January
Manufacturers' orders for durable goods increased a much larger-than-expected 3.4% m/m (4.5% y/y) in January...
Kansas City Fed Manufacturing Index Increases Again in February
The Kansas City Fed reported that its manufacturing sector business activity index rose to 24 in February...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller April 10, 2018
Retail gasoline prices slipped to $2.69 per gallon last week (+11.1% y/y) following the prior week's five cent jump. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The seasonally-adjusted price eased by one cent to $2.69 per gallon, but remained near the highest level in five weeks.
WTI crude oil prices declined to $63.09 per barrel last week, up 23.1% y/y. It was the lowest price in three weeks and remained below the February high of $65.22 per barrel. Prices improved to $63.42 per barrel yesterday. Brent crude oil prices fell to $67.83 per barrel last week and were $68.60 yesterday.
Natural gas prices increased to $2.75/mmbtu (-12.8% y/y) last week, the highest level in two weeks, and were $2.71/mmbtu yesterday.
In the week ended March 30, gasoline demand increased 0.4% y/y, while total petroleum product demand improved 7.0% y/y. Gasoline inventories eased 0.3% y/y, while inventories of all petroleum products fell 8.8% y/y. Crude oil input to refineries improved 4.6% y/y in the last four weeks.
The energy price data are reported by the U.S. Department of Energy. The petroleum demand and inventory figures are from the Oil & Gas Journal Weekly. These data can be found in Haver's WEEKLY database. The daily figures are in DAILY and greater detail on prices, demand and production, along with regional breakdowns, are in OILWKLY.
Weekly Energy Prices | 04/09/18 | 04/02/18 | 03/26/18 | Y/Y % | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|
Retail Gasoline ($ per Gallon, Regular) | 2.69 | 2.70 | 2.65 | 11.1 | 2.47 | 2.31 | 2.03 |
Light Sweet Crude Oil, WTI ($ per bbl.) | 63.09 | 65.03 | 64.15 | 23.1 | 50.87 | 43.22 | 48.90 |
Natural Gas ($/mmbtu, LA, WSJ) | 2.75 | 2.64 | 2.63 | -12.8 | 2.96 | 2.49 | 2.62 |