Haver Analytics
Haver Analytics
Global| Dec 12 2006

Gasoline Prices Slip a Penny

Summary

Pump prices for regular unleaded gasoline slipped a penny last week to an average $2.29 per gallon after the nickel increase during the prior week. That left this month's average price for gasoline up seven cents from the November [...]


Pump prices for regular unleaded gasoline slipped a penny last week to an average $2.29 per gallon after the nickel increase during the prior week. That left this month's average price for gasoline up seven cents from the November average of $2.23. Some relief from higher gas prices may be signaled by yesterday's spot market (NY harbor) price for a gallon of regular gasoline which fell sharply to $1.59 per gallon, the lowest in a month. Crude oil prices also fell yesterday but at $61.23 (-0.1% y/y) prices were still above the $59.37 average for WTI crude during November and the $58.88 in October.

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

Weekly Energy Prices 12/11/06 12/04/06 Y/Y 2005 2004 2003
US Retail Gasoline Price, Regular $2.29 $2.30 4.9% $2.27 $1.85 $1.56
  • 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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