Recent Updates
- Mexico: Manufacturing Employment (Mar)
- Latvia: Labor Force Statistics (Apr)
- UK: CBI Industrial Trends Survey (May)
- Albania: HICP (Apr)
- South Africa: Wholesale Sales, Export & Import Indexes (Mar)
- more updates...
Economy in Brief
U.S. Mortgage Applications Continued to Slide Amid Higher Rates
The biggest declines have been in refinancing activity, while applications for purchase are just starting to crack...
UK Inflation Jumps
Inflation is at the highest rate since the series began in January of 1989...
U.S. Industrial Production Much Stronger than Expected in April
The increase in manufacturing output in April was once again led by motor vehicle and parts production...
U.S. Retail Sales Posted Solid Rise in April
Notwithstanding falling real incomes and declining confidence measures, consumer spending posted a solid increase...
U.S. Home Builder Index Took a Steep Drop in May
This is the fifth straight month that builder sentiment has declined...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
Profits and Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation & Fed Policy: A Relationship Which Should Worry The Fed And Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
by Tom Moeller February 26, 2008
Week to week, retail gasoline prices rose nearly a dime per gallon to $3.13 per gallon, according to the US Department of Energy survey. The retail price for regular grade gasoline was its highest since early last June. This week, a rise in wholesale gasoline prices portend further gains in the retail price.
The price for a barrel of WTI crude oil broke just over $100. This week crude prices have backed off but just slightly to $99.41 per barrel.
Natural gas prices were strong last week. They rose nearly $1.00 per mmbtu from the January average due to colder Winter temperatures.
| Weekly Prices | 02/25/08 | 02/18/08 | Y/Y | 2007 | 2006 | 2005 |
|---|---|---|---|---|---|---|
| Retail Gasoline ($ per Gallon) | 3.13 | 3.04 | 31.3% | 2.80 | 2.57 | 2.27 |
| Light Sweet Crude Oil, WTI ($ per bbl.) | -- | 100.01 | 72.2% | 94.00 | 61.11 | 58.16 |
