Haver Analytics
Haver Analytics
Global| Nov 28 2006

Gasoline Prices Up Another Penny

Summary

Regular unleaded gasoline prices at the pump rose a penny last week to an average $2.25 per gallon after the penny increase during the prior week. Average gas prices this month nevertheless fell two cents from the October average of [...]


Regular unleaded gasoline prices at the pump rose a penny last week to an average $2.25 per gallon after the penny increase during the prior week. Average gas prices this month nevertheless fell two cents from the October average of $2.25 per gallon. Yesterday, the spot market (NY harbor) price for a gallon of regular gasoline was $1.63, unchanged from the average during last week. Crude oil prices yesterday of $60.33 (5.2% y/y) for a barrel of WTI were up from the $57.65 averaged last week. The latest Short-Term Energy Outlook from the U.S. Energy Information Administration is available here.

How Resilient Is The Modern Economy to Energy Price Shocks? from the Federal Reserve Bank of Atlanta is available here.

Weekly Energy Prices 11/27/06 11/20/06 Y/Y 2005 2004 2003
US Retail Gasoline Price, Regular $2.25 $2.24 4.3% $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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