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EIA: “The average pump price for December is on track to be the lowest for the month in eight years”

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EIA: “The average pump price for December is on track to be the lowest for the month in eight years”

The EIA released the Short-Term Energy Outlook yesterday. From the STEO: • Benchmark North Sea Brent crude oil spot prices averaged /barrel (b) in August, a /b increase from July. This was the fourth consecutive month in which Brent spot crude oil prices averaged between /b and /b. • Brent crude oil prices are...
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December new home sales up 17.5% from prior month

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December new home sales up 17.5% from prior month

New sales of single-family homes rose 17.5% in December from a month earlier to the highest level since April when the homebuyer tax credit propped up the market. The Commerce Department said the seasonally adjusted rate of 329,000 units last month was up from a downwardly revised 280,000 for November, yet still 7.6% below...
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