Global| Dec 17 2004Gasoline Prices, Down in November, Fell Further in December
by:Tom Moeller
|in:Economy in Brief
Summary
The average price for unleaded regular gasoline fell to $1.85 per gallon last week, putting it 6.7% below the November average. At $41.83 per barrel, the price of West Texas Intermediate crude oil last week was 13.2% below the $48.20 [...]
The average price for unleaded regular gasoline fell to $1.85 per gallon last week, putting it 6.7% below the November average.
At $41.83 per barrel, the price of West Texas Intermediate crude oil last week was 13.2% below the $48.20 averaged in November and was down 24.2% from the weekly high of $55.18 in late October.
Wholesale natural gas prices have been volatile, but relatively firm at $6.07/mmbtu last week.
For the latest Short Term Energy Outlook from the US Department of Energy click here.
"Do Energy Price Price Spikes Cause Inflation?" is 2003 research from the Federal Reserve Bank of Cleveland and is available here.
| Energy Prices | 12/13/04 | 12/31/03 | Y/Y | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|
| US Retail Gasoline, Regular ($/Gal.) | $1.85 | $1.48 | 26.1% | $1.56 | $1.35 | $1.42 |
| Domestic Spot Market Price: West Texas Intermediate ($/Barrel) | $41.02 | $32.55 | 23.6% | $32.78 | $31.23 | $19.38 |
Tom Moeller
AuthorMore in Author Profile »Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
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