Global| Nov 07 2006Gasoline Prices Drift Lower
by:Tom Moeller
|in:Economy in Brief
Summary
Retail prices for a gallon of regular unleaded gasoline drifted two cents lower last week to an average $2.20. On average during October, gasoline averaged $2.25 per gallon. The spot market (NY harbor) price for a gallon of regular [...]
Natural gas prices eased d/d yesterday to $6.75 per mmbtu (-24.0% y/y) but the Henry Hub price still was up from an average of $5.77 in October and $4.90 during September.
The Department of Energy reported that gasoline demand during the latest four weeks rose 5.0% from the year earlier period. That increase, however, understated the appetite for gasoline according to estimated figures from the Oil & Gas Journal which indicated a 15.5% rise. These figures are available in the Haver OILWKLY database.
The latest Short-Term Energy Outlook from the U.S. Energy Information Administration is available here.
Oil Prices and the U.S. Trade Deficit from the Federal Reserve Bank of San Francisco is available here.
| Weekly Energy Prices | 11/06/06 | 10/30/06 | Y/Y | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|
| US Retail Gasoline Price, Regular | $2.20 | $2.22 | -7.4% | $2.27 | $1.85 | $1.56 |
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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