Administration’s party and the prices of oil and gasoline

Part 1 - Introduction

The oil market is tracked by two major indices: WTI and Brent. WTI, or West Texas Intermediate, is the price of US produced oil (mainly from the West Texas Permian region) stored in Cushing, Oklahoma and traded in the New York Stock Exchange. WTI is the benchmark domestic oil price. Brent is the price of oil produced in the North Sea stored in the UK and traded in the London Stock Exchange. Brent is the benchmark imported oil price.

Gasoline in the US is mainly refined in the Gulf of Mexico region (Texas and Louisiana), and in the Mid-West and North East regions (Illinois, Ohio, Pensilvania and New York). Price is followed by two mayor indices reflecting each gasoline price in these two regions: Conventional Gasoline Prices US Gulf Coast Regular and Conventional Gasoline Prices New York Harbor Regular. WTI oil is mainly refined in the mid-west/north east region, while imported Brent oil is in its majority refined in the Gulf Cost Region. The price of gasoline is in large measure determined by the price of oil used to produce it.

In this analysis we want to look at the differences, if any, between different US administrations and the price of oil. The premise is that certain administrations might have been inclined to support international markets at the expense of the US market. Policies to help the Middle East region for example, from where most of the international oil comes from, would help tame Brent prices at the expense of WTI prices.

Analysis Questions

1) Have different administrations supported US (WTI) or international (Brent) oil differently?

2) Is US domestic (WTI) or imported (Brent) oil a better indicator of gasoline prices?

Answering these question will give us a sense of how we are affected by the position of the US in international relations.

Part 2 - Data

Data Collection

Data is collected by the US Federal Reserve Bank of St. Louis. Oil data is collected by taking the closing price of WTI oil at the New York Stock Exchange, and the closing price for oil at the London Stock Exchange. Gasoline data is collected as the closing price for Conventional Gasoline Prices US Gulf Coast Regular and the New York Harbor Regular both traded in the Chicago Mercantile Exchange.

Oil and Gasoline data collected from the US Federal Reserve
https://fred.stlouisfed.org/

US party/president data table created manually using data from Wikipedia https://en.wikipedia.org/wiki/List_of_Presidents_of_the_United_States

Data Preparation

library(FredR)
## Warning: replacing previous import 'data.table::first' by 'dplyr::first'
## when loading 'FredR'
## Warning: replacing previous import 'data.table::between' by
## 'dplyr::between' when loading 'FredR'
## Warning: replacing previous import 'data.table::last' by 'dplyr::last' when
## loading 'FredR'
library(pipeR)
library(dplyr)
library(psych)
library(ggplot2)
library(kableExtra)

Data for this project was sourced from the US Federal Reserver Economic Data (FRED) site.
https://fred.stlouisfed.org/

The provided API was used to extract the required data.
https://research.stlouisfed.org/docs/api/fred/

In the R enviroment, a recomended third party software(library) was used. La library is staged in a GitHub repository. It was loaded on to the IDE using Hadley’s devtools: devtools::install_github(“jcizel/FredR”)
https://github.com/jcizel/FredR

api.key = "4844eb6986119824760163e60bddd945"
fred<-FredR(api.key)
#We seach for the data series we need for oil and gasoline
oil.series<-fred$series.search("OIL")
oil.series %>% kable() %>% kable_styling() %>% scroll_box(width = "910px", height = "400px")
id realtime_start realtime_end title observation_start observation_end frequency frequency_short units units_short seasonal_adjustment seasonal_adjustment_short last_updated popularity group_popularity notes
CPIAUCSL 2018-12-02 2018-12-02 Consumer Price Index for All Urban Consumers: All Items 1947-01-01 2018-10-01 Monthly M Index 1982-1984=100 Index 1982-1984=100 Seasonally Adjusted SA 2018-11-14 07:51:02-06 96 97 The Consumer Price Index for All Urban Consumers: All Items (CPIAUCSL) is a measure of the average monthly change in the price for goods and services paid by urban consumers between any two time periods.(1) It can also represent the buying habits of urban consumers. This particular index includes roughly 88 percent of the total population, accounting for wage earners, clerical workers, technical workers, self-employed, short-term workers, unemployed, retirees, and those not in the labor force.(1) The CPIs are based on prices for food, clothing, shelter, and fuels; transportation fares; service fees (e.g., water and sewer service); and sales taxes. Prices are collected monthly from about 4,000 housing units and approximately 26,000 retail establishments across 87 urban areas.(1) To calculate the index, price changes are averaged with weights representing their importance in the spending of the particular group. The index measures price changes (as a percent change) from a predetermined reference date.(1) In addition to the original unadjusted index distributed, the Bureau of Labor Statistics also releases a seasonally adjusted index. The unadjusted series reflects all factors that may influence a change in prices. However, it can be very useful to look at the seasonally adjusted CPI, which removes the effects of seasonal changes, such as weather, school year, production cycles, and holidays.(1) The CPI can be used to recognize periods of inflation and deflation. Significant increases in the CPI within a short time frame might indicate a period of inflation, and significant decreases in CPI within a short time frame might indicate a period of deflation. However, because the CPI includes volatile food and oil prices, it might not be a reliable measure of inflationary and deflationary periods. For a more accurate detection, the core CPI (Consumer Price Index for All Urban Consumers: All Items Less Food & Energy [CPILFESL]) is often used. When using the CPI, please note that it is not applicable to all consumers and should not be used to determine relative living costs.(1) Additionally, the CPI is a statistical measure vulnerable to sampling error since it is based on a sample of prices and not the complete average.(1) For more information on the consumer price indexes, see: (1) Bureau of Economic Analysis. “CPI Detailed Report.” 2013; http://www.bls.gov/cpi/. Handbook of Methods - (http://www.bls.gov/opub/hom/pdf/homch17.pdf) Understanding the CPI: Frequently Asked Questions - (http://stats.bls.gov:80/cpi/cpifaq.htm)
DCOILWTICO 2018-12-02 2018-12-02 Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma 1986-01-02 2018-11-26 Daily D Dollars per Barrel $ per Barrel Not Seasonally Adjusted NSA 2018-11-28 14:01:02-06 83 85 Definitions, Sources and Explanatory Notes: http://www.eia.doe.gov/dnav/pet/TblDefs/pet_pri_spt_tbldef2.asp
DCOILBRENTEU 2018-12-02 2018-12-02 Crude Oil Prices: Brent - Europe 1987-05-20 2018-11-26 Daily D Dollars per Barrel $ per Barrel Not Seasonally Adjusted NSA 2018-11-28 14:01:02-06 75 77 Definitions, Sources and Explanatory Notes: http://www.eia.doe.gov/dnav/pet/TblDefs/pet_pri_spt_tbldef2.asp
WTISPLC 2018-12-02 2018-12-02 Spot Crude Oil Price: West Texas Intermediate (WTI) 1946-01-01 2018-10-01 Monthly M Dollars per Barrel $ per Barrel Not Seasonally Adjusted NSA 2018-11-15 14:11:01-06 68 67 This series was created by the Federal Reserve Bank of St. Louis to expand the history of the monthly West Texas Intermediate oil price series in FRED. We simply combined these two FRED series: https://fred.stlouisfed.org/series/OILPRICE and https://fred.stlouisfed.org/series/MCOILWTICO. From January 1946 through July 2013, the series used is OILPRICE. From August 2013 to present, the series used is MCOILWTICO.
MCOILWTICO 2018-12-02 2018-12-02 Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma 1986-01-01 2018-10-01 Monthly M Dollars per Barrel $ per Barrel Not Seasonally Adjusted NSA 2018-11-15 14:01:02-06 67 85 Definitions, Sources and Explanatory Notes: http://www.eia.doe.gov/dnav/pet/TblDefs/pet_pri_spt_tbldef2.asp
POILBREUSDM 2018-12-02 2018-12-02 Global price of Brent Crude 1980-01-01 2017-06-01 Monthly M U.S. Dollars per Barrell U.S. $ per Barrell Not Seasonally Adjusted NSA 2017-07-12 11:41:02-05 60 64 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
MCOILBRENTEU 2018-12-02 2018-12-02 Crude Oil Prices: Brent - Europe 1987-05-01 2018-10-01 Monthly M Dollars per Barrel $ per Barrel Not Seasonally Adjusted NSA 2018-11-15 14:01:02-06 57 77 Definitions, Sources and Explanatory Notes: http://www.eia.doe.gov/dnav/pet/TblDefs/pet_pri_spt_tbldef2.asp
POILWTIUSDM 2018-12-02 2018-12-02 Global price of WTI Crude 1980-01-01 2017-06-01 Monthly M U.S. Dollars per Barrell U.S. $ per Barrell Not Seasonally Adjusted NSA 2017-07-12 11:41:02-05 53 57 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
WCOILWTICO 2018-12-02 2018-12-02 Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma 1986-01-03 2018-11-23 Weekly, Ending Friday W Dollars per Barrel $ per Barrel Not Seasonally Adjusted NSA 2018-11-28 14:01:02-06 52 85 Definitions, Sources and Explanatory Notes: http://www.eia.doe.gov/dnav/pet/TblDefs/pet_pri_spt_tbldef2.asp
IPG211111CN 2018-12-02 2018-12-02 Industrial Production: Mining: Crude oil 1972-01-01 2018-10-01 Monthly M Index 2012=100 Index 2012=100 Not Seasonally Adjusted NSA 2018-11-16 08:31:02-06 51 55 The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories. NAICS = 211111pt. Source Code: IP.G211111C.N
IRNNXGOCMBD 2018-12-02 2018-12-02 Crude Oil Exports for Iran, Islamic Republic of 2000-01-01 2019-01-01 Annual A Barrels Per Day Barrels Per Day Not Seasonally Adjusted NSA 2018-06-08 06:31:02-05 51 50 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
PSUNOUSDM 2018-12-02 2018-12-02 Global price of Sunflower Oil 1980-01-01 2017-06-01 Monthly M U.S. Dollars per Metric Ton U.S. $ per Metric Ton Not Seasonally Adjusted NSA 2017-07-12 11:41:03-05 50 50 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
OVXCLS 2018-12-02 2018-12-02 CBOE Crude Oil ETF Volatility Index 2007-05-10 2018-11-29 Daily, Close D Index Index Not Seasonally Adjusted NSA 2018-11-30 08:41:04-06 47 47 Exchange Traded Funds (ETFs) are shares of trusts that hold portfolios of stocks designed to closely track the price performance and yield of specific indices. Copyright, 2016, Chicago Board Options Exchange, Inc. Reprinted with permission.
ACOILWTICO 2018-12-02 2018-12-02 Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma 1986-01-01 2017-01-01 Annual A Dollars per Barrel $ per Barrel Not Seasonally Adjusted NSA 2018-05-31 14:01:02-05 45 85 Definitions, Sources and Explanatory Notes: http://www.eia.doe.gov/dnav/pet/TblDefs/pet_pri_spt_tbldef2.asp
OILPRICE 2018-12-02 2018-12-02 Spot Oil Price: West Texas Intermediate (DISCONTINUED) 1946-01-01 2013-07-01 Monthly M Dollars per Barrel $ per Barrel Not Seasonally Adjusted NSA 2013-08-14 09:46:47-05 45 45 Prior to 1982 equals the posted price. On August 5, 2013, the Wall Street Journal discontinued publication of some of its commodity energy prices. As a current substitute, see the monthly oil spot prices reported by the U.S. Department of Energy, Energy Information Administration at https://fred.stlouisfed.org/series/MCOILWTICO Copyright, 2016, Dow Jones & Company
PCU21311121311101 2018-12-02 2018-12-02 Producer Price Index by Industry: Drilling Oil and Gas Wells: Drilling Oil, Gas, Dry, or Service Wells (DISCONTINUED) 1985-12-01 2017-12-01 Monthly M Index Dec 1985=100 Index Dec 1985=100 Not Seasonally Adjusted NSA 2018-01-11 09:01:04-06 43 42 NA
SAUNGDPMOMBD 2018-12-02 2018-12-02 Crude Oil Production for Saudi Arabia 2000-01-01 2019-01-01 Annual A Barrels Per Day Barrels Per Day Not Seasonally Adjusted NSA 2018-06-08 06:31:02-05 41 41 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
POILBREUSDQ 2018-12-02 2018-12-02 Global price of Brent Crude 1980-01-01 2017-04-01 Quarterly Q U.S. Dollars per Barrell U.S. $ per Barrell Not Seasonally Adjusted NSA 2017-07-12 11:41:05-05 40 64 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
PCU33121033121001 2018-12-02 2018-12-02 Producer Price Index by Industry: Iron, Steel Pipe and Tube from Purchased Steel: Oil Country Tubular Goods (OCTG), Standard, Line Pipe, Carbon (DISCONTINUED) 2010-12-01 2017-02-01 Monthly M Index Dec 2010=100 Index Dec 2010=100 Not Seasonally Adjusted NSA 2017-07-13 09:11:06-05 40 40 NA
POILDUBUSDM 2018-12-02 2018-12-02 Global price of Dubai Crude 1980-01-01 2017-06-01 Monthly M U.S. Dollars per Barrell U.S. $ per Barrell Not Seasonally Adjusted NSA 2017-07-12 11:41:03-05 40 45 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
CUUR0000SEHE 2018-12-02 2018-12-02 Consumer Price Index for All Urban Consumers: Fuel oil and other fuels 1935-03-01 2018-10-01 Monthly M Index 1982-1984=100 Index 1982-84=100 Not Seasonally Adjusted NSA 2018-11-14 07:54:49-06 38 43 NA
PCU324191324191S 2018-12-02 2018-12-02 Producer Price Index by Industry: Petroleum Lubricating Oil and Grease Manufacturing: Secondary Products 1980-12-01 2018-10-01 Monthly M Index Dec 1980=100 Index Dec 1980=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:05-06 38 38 NA
SAUDGDPGDPPT 2018-12-02 2018-12-02 Total External Debt for Saudi Arabia 2000-01-01 2019-01-01 Annual A Percent of GDP % of GDP Not Seasonally Adjusted NSA 2018-06-08 06:31:02-05 37 37 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
PPOILUSDM 2018-12-02 2018-12-02 Global price of Palm Oil 1980-01-01 2017-06-01 Monthly M U.S. Dollars per Metric Ton U.S. $ per Metric Ton Not Seasonally Adjusted NSA 2017-07-12 11:41:06-05 37 39 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
POLVOILUSDM 2018-12-02 2018-12-02 Global price of Olive Oil 1980-01-01 2017-06-01 Monthly M U.S. Dollars per Metric Ton U.S. $ per Metric Ton Not Seasonally Adjusted NSA 2017-07-12 11:41:07-05 37 38 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
SAUNGDPXORPCHPT 2018-12-02 2018-12-02 Non-Oil Real GDP Growth in Constant Prices for Saudi Arabia 2000-01-01 2019-01-01 Annual A Percent Change % Chg. Not Seasonally Adjusted NSA 2018-06-08 06:31:01-05 36 36 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
POILWTIUSDQ 2018-12-02 2018-12-02 Global price of WTI Crude 1980-01-01 2017-04-01 Quarterly Q U.S. Dollars per Barrell U.S. $ per Barrell Not Seasonally Adjusted NSA 2017-07-12 11:41:03-05 36 57 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
CES1021100001 2018-12-02 2018-12-02 All Employees: Mining and Logging: Oil and Gas Extraction 1972-01-01 2018-10-01 Monthly M Thousands of Persons Thous. of Persons Seasonally Adjusted SA 2018-11-02 08:18:02-05 35 36 The series comes from the ‘Current Employment Statistics (Establishment Survey).’ The source code is: CES1021100001
IPN213111N 2018-12-02 2018-12-02 Industrial Production: Mining: Drilling oil and gas wells 1972-01-01 2018-10-01 Monthly M Index 2012=100 Index 2012=100 Not Seasonally Adjusted NSA 2018-11-16 08:31:03-06 34 37 The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories. NAICS = 213111 Source Code: IP.N213111.N
SAUNXGO 2018-12-02 2018-12-02 Total Oil Exports Including Crude for Saudi Arabia 2000-01-01 2019-01-01 Annual A Barrels Per Day Barrels Per Day Not Seasonally Adjusted NSA 2018-06-08 06:31:02-05 33 33 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
ACOILBRENTEU 2018-12-02 2018-12-02 Crude Oil Prices: Brent - Europe 1987-01-01 2017-01-01 Annual A Dollars per Barrel $ per Barrel Not Seasonally Adjusted NSA 2018-05-31 14:01:02-05 33 77 Definitions, Sources and Explanatory Notes: http://www.eia.doe.gov/dnav/pet/TblDefs/pet_pri_spt_tbldef2.asp
PCU333132333132 2018-12-02 2018-12-02 Producer Price Index by Industry: Oil and Gas Field Machinery and Equipment Manufacturing 1965-01-01 2018-10-01 Monthly M Index Dec 1980=100 Index Dec 1980=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:11-06 32 32 NA
POILBREUSDA 2018-12-02 2018-12-02 Global price of Brent Crude 1980-01-01 2016-01-01 Annual A U.S. Dollars per Barrell U.S. $ per Barrell Not Seasonally Adjusted NSA 2017-02-01 09:11:06-06 32 64 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
IPG211111CS 2018-12-02 2018-12-02 Industrial Production: Mining: Crude oil 1972-01-01 2018-10-01 Monthly M Index 2012=100 Index 2012=100 Seasonally Adjusted SA 2018-11-16 08:31:04-06 31 55 The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories. NAICS = 211111pt. Source Code: IP.G211111C.S
QATDGDPGDPPT 2018-12-02 2018-12-02 Total External Debt for Qatar 2000-01-01 2019-01-01 Annual A Percent of GDP % of GDP Not Seasonally Adjusted NSA 2018-06-08 06:31:02-05 29 29 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
SAUGGRXOGDPXOPT 2018-12-02 2018-12-02 Non-oil Revenue for General Government for Saudi Arabia 2000-01-01 2019-01-01 Annual A Percent of Non-oil GDP % of Non-oil GDP Not Seasonally Adjusted NSA 2018-06-08 06:31:01-05 29 29 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
SAUPZPIOILBEGUSD 2018-12-02 2018-12-02 Breakeven Fiscal Oil Price for Saudi Arabia 2008-01-01 2019-01-01 Annual A US Dollars Per Barrel US $ Per Barrel Not Seasonally Adjusted NSA 2018-06-08 06:31:02-05 28 28 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
CAPUTLG211SQ 2018-12-02 2018-12-02 Capacity Utilization: Oil and gas extraction 1972-01-01 2018-07-01 Quarterly Q Percent of Capacity % of Capacity Seasonally Adjusted SA 2018-11-16 08:31:05-06 28 32 For a given industry, the capacity utilization rate is equal to an output index divided by a capacity index. The Federal Reserve Board’s capacity indexes attempt to capture the concept of sustainable maximum output-the greatest level of output a plant can maintain within the framework of a realistic work schedule, after factoring in normal downtime and assuming sufficient availability of inputs to operate the capital in place. NAICS = 211 Source Code: CAPUTL.G211.S
ANDENO 2018-12-02 2018-12-02 Value of Manufacturers’ New Orders for Capital Goods: Nondefense Capital Goods Industries 1992-02-01 2018-10-01 Monthly M Million of Dollars Mil. of $ Seasonally Adjusted SA 2018-11-21 15:32:19-06 28 29 This series is a topical regrouping of the separate industry categories. Nondefense capital goods industries include: small arms and ordnance; farm machinery and equipment; construction machinery; mining, oil, and gas field machinery; industrial machiner
PROILUSDM 2018-12-02 2018-12-02 Global price of Rapeseed Oil 1980-01-01 2017-06-01 Monthly M U.S. Dollars per Metric Ton U.S. $ per Metric Ton Not Seasonally Adjusted NSA 2017-07-12 11:41:11-05 28 28 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
WPU1191 2018-12-02 2018-12-02 Producer Price Index by Commodity for Machinery and Equipment: Oil Field and Gas Field Machinery 1947-01-01 2018-10-01 Monthly M Index 1982=100 Index 1982=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:08-06 27 27 NA
SAUNXGOCMBD 2018-12-02 2018-12-02 Crude Oil Exports for Saudi Arabia 2000-01-01 2019-01-01 Annual A Barrels Per Day Barrels Per Day Not Seasonally Adjusted NSA 2018-06-08 06:31:03-05 27 27 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
WCOILBRENTEU 2018-12-02 2018-12-02 Crude Oil Prices: Brent - Europe 1987-05-15 2018-11-23 Weekly, Ending Friday W Dollars per Barrel $ per Barrel Not Seasonally Adjusted NSA 2018-11-28 14:01:03-06 26 77 Definitions, Sources and Explanatory Notes: http://www.eia.doe.gov/dnav/pet/TblDefs/pet_pri_spt_tbldef2.asp
PCU21112111 2018-12-02 2018-12-02 Producer Price Index by Industry: Oil and Gas Extraction 1985-12-01 2018-10-01 Monthly M Index Dec 1985=100 Index Dec 1985=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:07-06 25 27 NA
IPG211S 2018-12-02 2018-12-02 Industrial Production: Mining: Oil and gas extraction 1972-01-01 2018-10-01 Monthly M Index 2012=100 Index 2012=100 Seasonally Adjusted SA 2018-11-16 08:31:05-06 24 26 The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories. NAICS = 211 Source Code: IP.G211.S
POILWTIUSDA 2018-12-02 2018-12-02 Global price of WTI Crude 1980-01-01 2016-01-01 Annual A U.S. Dollars per Barrell U.S. $ per Barrell Not Seasonally Adjusted NSA 2017-02-01 09:11:06-06 24 57 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
IRNFAFARUSD 2018-12-02 2018-12-02 Gross International Reserves Held by Central Bank for Iran, Islamic Republic of 2000-01-01 2019-01-01 Annual A U.S. Dollars U.S. $ Not Seasonally Adjusted NSA 2018-06-08 06:31:03-05 23 23 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
WHOILNYH 2018-12-02 2018-12-02 No. 2 Heating Oil Prices: New York Harbor 1986-06-06 2018-11-23 Weekly, Ending Friday W Dollars per Gallon $ per Gallon Not Seasonally Adjusted NSA 2018-11-28 14:01:03-06 23 28 Definitions, Sources and Explanatory Notes: http://www.eia.doe.gov/dnav/pet/TblDefs/pet_pri_spt_tbldef2.asp
ARENGDPMOMBD 2018-12-02 2018-12-02 Crude Oil Production for United Arab Emirates 2000-01-01 2019-01-01 Annual A Barrels Per Day Barrels Per Day Not Seasonally Adjusted NSA 2018-06-08 06:31:03-05 22 22 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
LNU04032230 2018-12-02 2018-12-02 Unemployment Rate: Mining, quarrying, and oil and gas extraction, Nonagricultural Private Wage and Salary Workers 2000-01-01 2018-10-01 Monthly M Percent % Not Seasonally Adjusted NSA 2018-11-02 08:18:06-05 22 22 The series comes from the ‘Current Population Survey (Household Survey)’ The source code is: LNU04032230
IRNNGDPMOMBD 2018-12-02 2018-12-02 Crude Oil Production for Iran, Islamic Republic of 2000-01-01 2019-01-01 Annual A Barrels Per Day Barrels Per Day Not Seasonally Adjusted NSA 2018-06-08 06:31:04-05 21 21 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
POILAPSPINDEXQ 2018-12-02 2018-12-02 Global price of APSP crude oil index 1980-01-01 2017-04-01 Quarterly Q Index 2005 = 100 Index 2005 = 100 Not Seasonally Adjusted NSA 2017-07-12 11:41:06-05 21 24 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
M041BAUSM268NNBR 2018-12-02 2018-12-02 Wholesale Price of Cottonseed Oil, Crude for United States 1909-08-01 1941-06-01 Monthly M Cents per Pound (In Tanks) Cents Per Pound (In Tanks) Not Seasonally Adjusted NSA 2012-08-16 14:51:54-05 21 21 No Quotation For August, 1910. Figure For July, 1916, Interpolated By War Industries Board. Data For 1916-1918 Checked With The U.S. War Industries Board, Price Bulletin No. 15, P. 11, Which Is The Original Source For These Years Average Price Per Pound, F.O.B. Southeastern Mills. Page 58 Of Statistical Bulletin No. 24, Usda Also Has A Price Series For Crude, S.E. But Gives An Average Of The High And Low Price Per Pound Each Month. Telephone Conversation With An Oils Specialist At Oil, Paint, And Drug Reporter, On December 5, 1938, Revealed: A) Crude Cottonseed Oil Is And Always Has Been Sold In Tanks, The B.A.E. Note To The Contrary (Agricultural Statistics, 1938, P. 116) Notwithstanding. The B.A.E. Error Probably Arose Because Of The Manner In Which Prices Of Crude And Refined Oil Are Quoted Near Each Other. Refined Oil Was Sold In Tanks At Times And In Barrels At Other Times; B) The Oil, Paint, And Drug Reporter Has Used Slightly Different Wording In Describing The Market At Different Times, But Actually No Change In Market Quoted Has Taken Place. F.O.B. Mills, Southeastern, And Immediate Southeastern, All Refer To Spot Sales At The Southeastern Mills. “January, 1929-July, 1930 Quoted In Barrels,” A Footnote In The Source Is Wrong According To Oil, Paint, And Drug Reports Office And By Inspection Of This Original Source. Interpolated Data Used For June-July, 1926, July, 1927, June- August, 1928, June-August, 1929, And July-August, 1931. Less Than 10 Quotations For Month Of December, 1931. Other Quotations Were Bids. Source: Yearbook Of Agriculture, 1930 (For Data 1909-1928) P. 695, Agricultural Statistics, 1938 (For 1929-1938) P. 116, Bureau Of Agricultural Economics: Prices 1916-1918 From War Industries Board Price Bulletin No. 15. Prices For 1919-1928 Are Averages Of Weekly Quotations In The “Oil, Paint, And Drug Reporter.” From August, 1928 Through July, 1934, Prices Are Averages Of Daily Quotations In The “Oil, Paint, And Drug Reporter” Except For The Period October, 1932-June, 1933, When The“Oil, Paint, And Drug Reporter” Published No Prices For Crude Cottonseed Oil At South- Eastern Mills. For That Period,(10/1932-06/1933), The “New York Journal Commerce” Daily Prices Were Averaged And Used. For August, 1934 Through 1937, Prices Are Averages Of Quotations For Saturday During The Month– Quotations Given In The “Oil, Paint, And Drug Reporter.” This NBER data series m04081ba appears on the NBER website in Chapter 4 at http://www.nber.org/databases/macrohistory/contents/chapter04.html. NBER Indicator: m04081ba
LBYNGDPMOMBD 2018-12-02 2018-12-02 Crude Oil Production for Libya 2000-01-01 2019-01-01 Annual A Barrels Per Day Barrels Per Day Not Seasonally Adjusted NSA 2018-06-08 06:31:02-05 21 21 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
PCU3331323331323Z 2018-12-02 2018-12-02 Producer Price Index by Industry: Oil and Gas Field Machinery and Equipment Manufacturing: Other Oil and Gas Field Drilling Machinery and Equipment (DISCONTINUED) 1986-12-01 2017-12-01 Monthly M Index Dec 1986=100 Index Dec 1986=100 Not Seasonally Adjusted NSA 2018-01-11 09:01:07-06 21 21 NA
PCU213111213111 2018-12-02 2018-12-02 Producer Price Index by Industry: Drilling Oil and Gas Wells 1985-12-01 2018-10-01 Monthly M Index Dec 1985=100 Index Dec 1985=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:17-06 21 21 NA
CUSR0000SEHE 2018-12-02 2018-12-02 Consumer Price Index for All Urban Consumers: Fuel oil and other fuels 1947-01-01 2018-10-01 Monthly M Index 1982-1984=100 Index 1982-84=100 Seasonally Adjusted SA 2018-11-14 07:54:52-06 21 43 NA
SDNNGDPMOMBD 2018-12-02 2018-12-02 Crude Oil Production for Sudan 2000-01-01 2019-01-01 Annual A Barrels Per Day Barrels Per Day Not Seasonally Adjusted NSA 2018-06-08 06:31:02-05 20 20 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
IRNDGDPGDPPT 2018-12-02 2018-12-02 Total External Debt for Iran, Islamic Republic of 2000-01-01 2019-01-01 Annual A Percent of GDP % of GDP Not Seasonally Adjusted NSA 2018-06-08 06:31:03-05 20 20 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
EGYGGDGDPGDPPT 2018-12-02 2018-12-02 Total Government Debt for General Government for Egypt 2000-01-01 2019-01-01 Annual A Percent of GDP % of GDP Not Seasonally Adjusted NSA 2018-06-08 06:31:02-05 20 20 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
POILDUBUSDQ 2018-12-02 2018-12-02 Global price of Dubai Crude 1980-01-01 2017-04-01 Quarterly Q U.S. Dollars per Barrell U.S. $ per Barrell Not Seasonally Adjusted NSA 2017-07-12 09:01:04-05 19 45 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
PAKDGDPGDPPT 2018-12-02 2018-12-02 Total External Debt for Pakistan 2000-01-01 2019-01-01 Annual A Percent of GDP % of GDP Not Seasonally Adjusted NSA 2018-06-08 06:31:05-05 18 18 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
EGYDGDPGDPPT 2018-12-02 2018-12-02 Total External Debt for Egypt 2000-01-01 2019-01-01 Annual A Percent of GDP % of GDP Not Seasonally Adjusted NSA 2018-06-08 06:31:04-05 18 18 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
IPG211111CSQ 2018-12-02 2018-12-02 Industrial Production: Mining: Crude oil 1972-01-01 2018-07-01 Quarterly Q Index 2012=100 Index 2012=100 Seasonally Adjusted SA 2018-11-16 08:31:09-06 18 55 The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories. NAICS = 211111pt. Source Code: IP.G211111C.S
PCU486110486110312 2018-12-02 2018-12-02 Producer Price Index by Industry: Pipeline Transportation of Crude Oil: Pipeline Transportation of Crude Petroleum, Except on the Trans-Alaskan Pipeline System 1986-06-01 2018-10-01 Monthly M Index Jun 1986=100 Index Jun 1986=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:09-06 17 17 NA
IRNNGDPXORPCHPT 2018-12-02 2018-12-02 Non-Oil Real GDP Growth in Constant Prices for Iran, Islamic Republic of 2000-01-01 2019-01-01 Annual A Percent Change % Chg. Not Seasonally Adjusted NSA 2018-06-08 06:31:03-05 17 17 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
NGANGDPXORPCPPPT 2018-12-02 2018-12-02 Real Non-Oil GDP for Nigeria 2004-01-01 2019-01-01 Annual A Percent Change From Preceding Period % Chg. From Preceding Period Not Seasonally Adjusted NSA 2018-10-11 15:51:16-05 17 17 Annual data observations begin 8 years before the year of publication. Projected data include the year of publication and the subsequent 5 years. Data and projections presented are IMF staff forecast estimates as of September 18, 2015. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
M015ABUSM386NNBR 2018-12-02 2018-12-02 Crude Petroleum Consumption for United States 1948-01-01 1955-11-01 Monthly M Millions of Barrels Mil. Of Barrels Not Seasonally Adjusted NSA 2012-08-15 15:50:25-05 17 17 Series Is Presented Here As Two Variables–(1)–Original Data, 1917-1948 (2)–Original Data, 1948-1955. Data Are For Amount Of Crude Oil Run To Stills At Refineries, Including Foreign As Well As Domestic Petroleum. Beginning In 1949 A New Method Of Reporting Crude Oil In California Was Instituted, Shifting A Considerable Proportion Crude Oil Formerly Reported As Residual Fuel Oil To Oil Reported To Runs To Stills. Source: U.S. Bureau Of Mines; Mineral Industry Surveys, Monthly And Annual Petroleum Statement. This NBER data series m01125ab appears on the NBER website in Chapter 1 at http://www.nber.org/databases/macrohistory/contents/chapter01.html. NBER Indicator: m01125ab
M05F3AUSM387NNBR 2018-12-02 2018-12-02 Crude Petroleum Stocks for United States 1918-01-01 1941-07-01 Monthly, End of Month M Millions of Barrels (Of 42 Gallons) Mil. Of Barrels (Of 42 Gallons) Not Seasonally Adjusted NSA 2012-08-17 10:47:56-05 16 17 Series Is Presented Here As Two Variables–(1)–Original Data, 1918-1941 (2)–Original Data, 1938-1956. Data For 1930-1933 Were Computed By NBER From Sources By Adding The Total U.S. Crude Figure To California Heavy And Crude Oil. Data Consist Of Stocks East Of California – At Refineries, Pipe Lines And Tank Forms, Producers’ Stocks, Foreign Held By Importers – And Stocks In California – Light Crude, Heavy Crude And Fuel Oil. Beginning In 1924, The California Portion Of The Data Was Put On A New Basis Of Reporting And Hereon Includes Fuel Oil Not Formerly Covered; California Data Now Specifically Represent “Heavy Crude And Fuel Oil, And Light Crude.” The Business Advisory And Planning Council For The Department Of Commerce, In “Notes On Existing Series Of Data,” (P. 28) States: “Because Of The Change In The Method Of Reporting The California Data, The Series Is Not Comparable Throughout, Especially Since The Inclusion In California Of Fuel Oil Adds A Finished Product. The Lack Of Comparability As Here Represented, However, Is Not Serious.” (See Mineral Resources, 1925, Pt. 2, P. 350.) Beginning In 1930, There Was A Curtailemnt Of Production. Source: U.S. Bureau Of Mines, Data For 1918-1929: Petroleum Refinery Statistics, Bulletin No. 339, Pp. 12-23 (For 1924 Overlap See Mineral Resources, 1925, Pt. 2, P. 350); Data For 1930: Bulletin No. 367, And Mineral Resources, 1930, Pt. 2, P. 834; Data For 1931: Minerals Yearbook, 1931, Pt. 2, Pp. 599 And 636; Data For 1932: Statistical Appendix To Minerals Yearbook, 1932-1933, Pp. 330 And 349; For 1933-1934: Minerals Yearbooks; For 1935-1938: Economic Paper No. 20; For 1939-1941: Monthly Petroleum Statements This NBER data series m05013a appears on the NBER website in Chapter 5 at http://www.nber.org/databases/macrohistory/contents/chapter05.html. NBER Indicator: m05013a
IRNPZPIOILBEGUSD 2018-12-02 2018-12-02 Breakeven Fiscal Oil Price for Iran, Islamic Republic of 2000-01-01 2019-01-01 Annual A US Dollars Per Barrel US $ Per Barrel Not Seasonally Adjusted NSA 2018-06-08 06:31:02-05 16 16 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
SAUBCAGDPGDPPT 2018-12-02 2018-12-02 Current Account Balance for Saudi Arabia 2000-01-01 2019-01-01 Annual A Percent of GDP % of GDP Not Seasonally Adjusted NSA 2018-06-08 06:31:04-05 16 16 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
POILDUBUSDA 2018-12-02 2018-12-02 Global price of Dubai Crude 1980-01-01 2016-01-01 Annual A U.S. Dollars per Barrell U.S. $ per Barrell Not Seasonally Adjusted NSA 2017-02-01 09:11:06-06 16 45 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
WPU10170671 2018-12-02 2018-12-02 Producer Price Index by Commodity for Metals and Metal Products: Oil Country Tubular Goods (OCTG), Standard, Line Pipe, Carbon (DISCONTINUED) 2010-12-01 2017-02-01 Monthly M Index Dec 2010=100 Index Dec 2010=100 Not Seasonally Adjusted NSA 2017-07-13 09:11:13-05 16 16 NA
IRQNXGOCMBD 2018-12-02 2018-12-02 Crude Oil Exports for Iraq 2004-01-01 2019-01-01 Annual A Barrels Per Day Barrels Per Day Not Seasonally Adjusted NSA 2018-06-08 06:31:05-05 16 16 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
OMNDGDPGDPPT 2018-12-02 2018-12-02 Total External Debt for Oman 2000-01-01 2019-01-01 Annual A Percent of GDP % of GDP Not Seasonally Adjusted NSA 2018-06-08 06:31:02-05 16 16 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
WPU11910604 2018-12-02 2018-12-02 Producer Price Index by Commodity for Machinery and Equipment: Parts and Attachments for Oil and Gas Field Production Machinery 2010-12-01 2018-08-01 Monthly M Index Dec 2010=100 Index Dec 2010=100 Not Seasonally Adjusted NSA 2018-09-12 08:01:19-05 15 15 NA
AFGDGDPGDPPT 2018-12-02 2018-12-02 Total External Debt for Afghanistan 2002-01-01 2019-01-01 Annual A Percent of GDP % of GDP Not Seasonally Adjusted NSA 2018-06-08 06:31:06-05 15 15 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
AREGGRXOGDPXOPT 2018-12-02 2018-12-02 Non-oil Revenue for General Government for United Arab Emirates 2000-01-01 2019-01-01 Annual A Percent of Non-oil GDP % of Non-oil GDP Not Seasonally Adjusted NSA 2018-06-08 06:31:03-05 15 15 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
CAPUTLG211S 2018-12-02 2018-12-02 Capacity Utilization: Oil and gas extraction 1972-01-01 2018-10-01 Monthly M Percent of Capacity % of Capacity Seasonally Adjusted SA 2018-11-16 08:31:07-06 15 32 For a given industry, the capacity utilization rate is equal to an output index divided by a capacity index. The Federal Reserve Board’s capacity indexes attempt to capture the concept of sustainable maximum output-the greatest level of output a plant can maintain within the framework of a realistic work schedule, after factoring in normal downtime and assuming sufficient availability of inputs to operate the capital in place. NAICS = 211 Source Code: CAPUTL.G211.S
IRNBCAGDPGDPPT 2018-12-02 2018-12-02 Current Account Balance for Iran, Islamic Republic of 2000-01-01 2019-01-01 Annual A Percent of GDP % of GDP Not Seasonally Adjusted NSA 2018-06-08 06:31:03-05 15 15 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
OLPRUKA 2018-12-02 2018-12-02 Oil Prices in the United Kingdom 1861-01-01 2016-01-01 Annual A U.S. Dollars per Barrel U.S. $ per Barrel Not Seasonally Adjusted NSA 2017-06-09 08:52:18-05 15 15 This series was constructed by the Bank of England as part of the Three Centuries of Macroeconomic Data project by combining data from a number of academic and official sources. For more information, please refer to the Three Centuries spreadsheet at http://www.bankofengland.co.uk/research/Pages/onebank/threecenturies.aspx. Users are advised to check the underlying assumptions behind this series in the relevant worksheets of the spreadsheet. In many cases alternative assumptions might be appropriate. Users are permitted to reproduce this series in their own work as it represents Bank calculations and manipulations of underlying series that are the copyright of the Bank of England provided that underlying sources are cited appropriately. For appropriate citation please see the Three Centuries spreadsheet for guidance and a list of the underlying sources.
TXOILGASNGSP 2018-12-02 2018-12-02 Gross Domestic Product by Industry: Private Industries: Mining: Oil and Gas Extraction for Texas 1997-01-01 2016-01-01 Annual A Millions of Dollars Mil. of $ Not Seasonally Adjusted NSA 2018-11-19 16:07:44-06 15 15 For more information about this release go to http://www.bea.gov/newsreleases/regional/gdp_state/qgsp_newsrelease.htm.
PCU3112231122 2018-12-02 2018-12-02 Producer Price Index by Industry: Starch and Vegetable Fats and Oils Manufacturing 2003-12-01 2018-10-01 Monthly M Index Dec 2003=100 Index Dec 2003=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:16-06 15 15 NA
IPN213111S 2018-12-02 2018-12-02 Industrial Production: Mining: Drilling oil and gas wells 1972-01-01 2018-10-01 Monthly M Index 2012=100 Index 2012=100 Seasonally Adjusted SA 2018-11-16 08:31:05-06 15 37 The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories. NAICS = 213111 Source Code: IP.N213111.S
IRNGGDGDPGDPPT 2018-12-02 2018-12-02 Total Government Debt for General Government for Iran, Islamic Republic of 2000-01-01 2019-01-01 Annual A Percent of GDP % of GDP Not Seasonally Adjusted NSA 2018-06-08 06:31:04-05 14 14 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
ARENGDPXORPCHPT 2018-12-02 2018-12-02 Non-Oil Real GDP Growth in Constant Prices for United Arab Emirates 2000-01-01 2019-01-01 Annual A Percent Change % Chg. Not Seasonally Adjusted NSA 2018-06-08 06:31:05-05 14 14 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
AREDGDPGDPPT 2018-12-02 2018-12-02 Total External Debt for United Arab Emirates 2000-01-01 2019-01-01 Annual A Percent of GDP % of GDP Not Seasonally Adjusted NSA 2018-06-08 06:31:04-05 14 14 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
PCU213112213112 2018-12-02 2018-12-02 Producer Price Index by Industry: Support Activities for Oil and Gas Operations 1985-12-01 2018-10-01 Monthly M Index Dec 1985=100 Index Dec 1985=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:14-06 14 14 NA
ARENXGOCMBD 2018-12-02 2018-12-02 Crude Oil Exports for United Arab Emirates 2000-01-01 2019-01-01 Annual A Barrels Per Day Barrels Per Day Not Seasonally Adjusted NSA 2018-06-08 06:31:06-05 14 14 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
LBYNXGOCMBD 2018-12-02 2018-12-02 Crude Oil Exports for Libya 2000-01-01 2019-01-01 Annual A Barrels Per Day Barrels Per Day Not Seasonally Adjusted NSA 2018-06-08 06:31:06-05 14 14 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
AZENXGOCMBD 2018-12-02 2018-12-02 Crude Oil Exports for Azerbaijan 2000-01-01 2019-01-01 Annual A Barrels Per Day Barrels Per Day Not Seasonally Adjusted NSA 2018-06-08 06:31:05-05 13 13 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
SAUNGDPORPCHPT 2018-12-02 2018-12-02 Oil Real GDP Growth in Constant Prices for Saudi Arabia 2000-01-01 2019-01-01 Annual A Percent Change % Chg. Not Seasonally Adjusted NSA 2018-06-08 06:31:03-05 13 13 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
M0481AUS000NYM264NNBR 2018-12-02 2018-12-02 Wholesale Prices of Linseed Oil; Raw, in Barrels for New York 1890-01-01 1952-05-01 Monthly M Cents per Gallon Cents per Gallon Not Seasonally Adjusted NSA 2012-08-16 14:54:21-05 13 17 Series Is Presented Here As Two Variables– (1)–Original Data, 1890-1952 (2)–Original Data, 1952-1958. Additionally, Series 04081B Is Comprised Of By Original Data For Crude Cottonseed Oil For 1909-1941. For 1890-1917, Prices On First Saturday Of Each Month. For 1918-1957, Average Of Weekly Quotations From Oil, Paint, And Drug Reporter. For 1890-1913, Called Linseed Oil, Raw, City, Barrels. For 1913-1916, Raw, In Barrels. For 1917-1935, Linseed Oil, Raw. Beginning In 1927, The Series Was Converted From Pounds To Gallons By Multiplying By 7.5 (1926 Given In Both Pounds And Gallons). There Was A Slight Discrepancy Between Data Per Gallon As Given And Computed Data. In 1947, Bls Code Number 06-22-36 Replaces Old Number 552. Series Ends On This Basis Following May, 1952. Source: Bls Bulletin No. 39 (Pp. 418-419) For 1890-1901; Nos. 45, 51, 57, 63, 69, 75, 81, 87, 93, 99, 114, 149, 181, 200, 226, 269, 296, 335, 367, 415, 440, 473, 493, 521, 543, 572; 1932-June, 1935 Monthly Bulletins, “Wholesale Prices.” For 1942 On: Bls Bulletin Nos. 718, 736, 759, 785, 870, 877, And 920 For 1942-1946, And 1143 For 1951 On. Bls, Prices And Price Relatives For Individual Commodities In The Revised Index: 1947-1950, Group 6–Chemicals And Allied Products, For 1947-1950; Monthly Wholesale Prices For 1952. This NBER data series m04081a appears on the NBER website in Chapter 4 at http://www.nber.org/databases/macrohistory/contents/chapter04.html. NBER Indicator: m04081a
IP2709 2018-12-02 2018-12-02 Import Price Index (Harmonized System): Petroleum oils and oils from bituminous minerals, crude 1992-12-01 2018-10-01 Monthly M Index 2000=100 Index 2000=100 Not Seasonally Adjusted NSA 2018-11-15 07:51:04-06 13 13 For more information, please see the Import/Export Price Indexes web site at http://www.bls.gov/mxp
KAZNXGOCMBD 2018-12-02 2018-12-02 Crude Oil Exports for Kazakhstan 2000-01-01 2019-01-01 Annual A Barrels Per Day Barrels Per Day Not Seasonally Adjusted NSA 2018-06-08 06:31:03-05 13 13 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
IRNPCPIPCHPT 2018-12-02 2018-12-02 Consumer Price Inflation for Iran, Islamic Republic of 2001-01-01 2019-01-01 Annual A Percent Change % Chg. Not Seasonally Adjusted NSA 2018-06-08 06:31:26-05 13 13 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
SAUNGDPDUSD 2018-12-02 2018-12-02 Gross Domestic Product in Current Prices for Saudi Arabia 2000-01-01 2019-01-01 Annual A U.S. Dollars U.S. $ Not Seasonally Adjusted NSA 2018-06-08 06:31:02-05 13 13 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
PCU3241913241910 2018-12-02 2018-12-02 Producer Price Index by Industry: Petroleum Lubricating Oil and Grease Manufacturing: Petroleum Lubricating Oils and Greases, Refined Petroleum 1974-04-01 2018-10-01 Monthly M Index Dec 1980=100 Index Dec 1980=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:26-06 13 13 NA
SAUPZPIOILBEBUSD 2018-12-02 2018-12-02 Breakeven External Oil Price for Saudi Arabia 2008-01-01 2019-01-01 Annual A US Dollars Per Barrel US $ Per Barrel Not Seasonally Adjusted NSA 2018-06-08 06:31:03-05 13 13 The observation values for the 2015 and 2016 annual periods are forecasted values from the IMF staff. The forecasts reflect data available through early September 2015. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
M04182US000NYM264NNBR 2018-12-02 2018-12-02 Wholesale Prices of Kerosene, Refined, 150 Degree Fire Test, Water White for New York 1890-01-01 1923-12-01 Monthly M Cents per Gallon Cents Per Gallon Not Seasonally Adjusted NSA 2012-08-16 14:51:34-05 13 13 Kerosene In Barrels, Packages Included (Jobbing Lots). Quotations Are From Oil, Paint,And Drug Reporter: 1890-1903 Are From The First Of Every Month; 1914-1917 Are From First Saturday Of Month; 1918 And Following Are The Average Of 4 Or 5 Saturday Quotations Each Month. In 1913, No Mention Is Made Of “Packages.” This Series Was Discontinued After 1923. Source: Bls Bulletin No. 39, Pp. 392-393 For 1890-1901 And Nos. 45, 51, 57, 63, 69, 75, 81, 87, 93, 99, 114, 149, 181, 200, 226, 269, 296, 335, 367, 390, 415, 440, 473, 493, 521, 543, 572, And Monthly Bulletins For 1932-June, 1935, “Wholesale Prices, December Issue,” Wholesale Prices" July- December, 1935. This NBER data series m04182 appears on the NBER website in Chapter 4 at http://www.nber.org/databases/macrohistory/contents/chapter04.html. NBER Indicator: m04182
gasoline.series<-fred$series.search("GASOLINE")
gasoline.series %>% kable() %>% kable_styling() %>% scroll_box(width = "910px", height = "400px")
id realtime_start realtime_end title observation_start observation_end frequency frequency_short units units_short seasonal_adjustment seasonal_adjustment_short last_updated popularity group_popularity notes
MHHNGSP 2018-12-02 2018-12-02 Henry Hub Natural Gas Spot Price 1997-01-01 2018-10-01 Monthly M Dollars per Million BTU $ Per Mil. BTU Not Seasonally Adjusted NSA 2018-11-15 14:01:02-06 54 61 More information about this series can be found at http://www.eia.gov/dnav/ng/TblDefs/ng_pri_fut_tbldef2.asp
GASREGW 2018-12-02 2018-12-02 US Regular All Formulations Gas Price 1990-08-20 2018-11-26 Weekly, Ending Monday W Dollars per Gallon $ per Gallon Not Seasonally Adjusted NSA 2018-11-26 17:11:01-06 52 54 Weighted average based on sampling of approximately 900 retail outlets, 8:00AM Monday. The price represents self-service unless only full-service is available and includes all taxes. See (http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html) for further definitions. Regular Gasoline has an antiknock index (average of the research octane rating and the motor octane number) greater than or equal to 85 and less than 88. Octane requirements may vary by altitude.
CUUR0000SETB01 2018-12-02 2018-12-02 Consumer Price Index for All Urban Consumers: Gasoline (all types) 1935-03-01 2018-10-01 Monthly M Index 1982-1984=100 Index 1982-84=100 Not Seasonally Adjusted NSA 2018-11-14 07:54:48-06 52 55 NA
DHHNGSP 2018-12-02 2018-12-02 Henry Hub Natural Gas Spot Price 1997-01-07 2018-11-26 Daily D Dollars per Million BTU $ Per Mil. BTU Not Seasonally Adjusted NSA 2018-11-28 14:01:02-06 45 61 More information about this series can be found at http://www.eia.gov/dnav/ng/TblDefs/ng_pri_fut_tbldef2.asp
IPG2211A2N 2018-12-02 2018-12-02 Industrial Production: Electric and gas utilities 1939-01-01 2018-10-01 Monthly M Index 2012=100 Index 2012=100 Not Seasonally Adjusted NSA 2018-11-16 08:31:06-06 44 55 The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories. NAICS = 2211,2 Source Code: IP.G2211A2.N
PCU21311121311101 2018-12-02 2018-12-02 Producer Price Index by Industry: Drilling Oil and Gas Wells: Drilling Oil, Gas, Dry, or Service Wells (DISCONTINUED) 1985-12-01 2017-12-01 Monthly M Index Dec 1985=100 Index Dec 1985=100 Not Seasonally Adjusted NSA 2018-01-11 09:01:04-06 43 42 NA
IPUTIL 2018-12-02 2018-12-02 Industrial Production: Electric and Gas Utilities 1939-01-01 2018-10-01 Monthly M Index 2012=100 Index 2012=100 Seasonally Adjusted SA 2018-11-16 08:31:03-06 39 55 NA
PCU3251203251207 2018-12-02 2018-12-02 Producer Price Index by Industry: Industrial Gas Manufacturing: Nitrogen 1981-06-01 2018-10-01 Monthly M Index Jun 1981=100 Index Jun 1981=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:04-06 38 38 NA
PCU325120325120A 2018-12-02 2018-12-02 Producer Price Index by Industry: Industrial Gas Manufacturing: Oxygen 1981-06-01 2018-10-01 Monthly M Index Jun 1981=100 Index Jun 1981=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:04-06 38 38 NA
GASREGCOVM 2018-12-02 2018-12-02 US Regular Conventional Gas Price 1990-09-01 2018-11-01 Monthly M Dollars per Gallon $ per Gallon Not Seasonally Adjusted NSA 2018-11-26 17:11:01-06 36 45 Weighted average based on sampling of approximately 900 retail outlets, 8:00AM Monday. The price represents self-service unless only full-service is available and includes all taxes. See (http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html) for further definitions. All Formulations includes both conventional gasoline and reformulated gasoline.
MNGLCP 2018-12-02 2018-12-02 U.S. Natural Gas Liquid Composite Price 2009-01-01 2018-09-01 Monthly M Dollars per Million BTU $ Per Mil. BTU Not Seasonally Adjusted NSA 2018-11-28 14:01:03-06 36 36 More information about this series can be found at http://www.eia.gov/dnav/ng/TblDefs/ng_pri_fut_tbldef2.asp
CES1021100001 2018-12-02 2018-12-02 All Employees: Mining and Logging: Oil and Gas Extraction 1972-01-01 2018-10-01 Monthly M Thousands of Persons Thous. of Persons Seasonally Adjusted SA 2018-11-02 08:18:02-05 35 36 The series comes from the ‘Current Employment Statistics (Establishment Survey).’ The source code is: CES1021100001
CUSR0000SETB01 2018-12-02 2018-12-02 Consumer Price Index for All Urban Consumers: Gasoline (all types) 1967-01-01 2018-10-01 Monthly M Index 1982-1984=100 Index 1982-84=100 Seasonally Adjusted SA 2018-11-14 07:54:49-06 35 55 NA
IPN213111N 2018-12-02 2018-12-02 Industrial Production: Mining: Drilling oil and gas wells 1972-01-01 2018-10-01 Monthly M Index 2012=100 Index 2012=100 Not Seasonally Adjusted NSA 2018-11-16 08:31:03-06 34 37 The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories. NAICS = 213111 Source Code: IP.N213111.N
PCU325120325120C 2018-12-02 2018-12-02 Producer Price Index by Industry: Industrial Gas Manufacturing: Argon and Hydrogen 2009-06-01 2018-10-01 Monthly M Index Jun 2009=100 Index Jun 2009=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:06-06 34 34 NA
PCU2111112111111 2018-12-02 2018-12-02 Producer Price Index by Industry: Crude Petroleum and Natural Gas Extraction: Crude Petroleum 1984-06-01 2018-10-01 Monthly M Index Jun 1984=100 Index Jun 1984=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:08-06 33 33 NA
GASREGCOVW 2018-12-02 2018-12-02 US Regular Conventional Gas Price 1990-08-20 2018-11-26 Weekly W Dollars per Gallon $ per Gallon Not Seasonally Adjusted NSA 2018-11-26 17:11:01-06 32 45 Weighted average based on sampling of approximately 900 retail outlets, 8:00AM Monday. The price represents self-service unless only full-service is available and includes all taxes. See (http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html) for further definitions. All Formulations includes both conventional gasoline and reformulated gasoline.
PCU333132333132 2018-12-02 2018-12-02 Producer Price Index by Industry: Oil and Gas Field Machinery and Equipment Manufacturing 1965-01-01 2018-10-01 Monthly M Index Dec 1980=100 Index Dec 1980=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:11-06 32 32 NA
PCU21111221111213 2018-12-02 2018-12-02 Producer Price Index by Industry: Natural Gas Liquid Extraction: Butane 1984-06-01 2018-10-01 Monthly M Index Jun 1984=100 Index Jun 1984=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:07-06 30 30 NA
RSGASS 2018-12-02 2018-12-02 Advance Retail Sales: Gasoline Stations 1992-01-01 2018-10-01 Monthly M Millions of Dollars Mil. of $ Seasonally Adjusted SA 2018-11-15 07:41:19-06 30 32 The value for the most recent month is an advance estimate that is based on data from a subsample of firms from the larger Monthly Retail Trade Survey. The advance estimate will be superseded in following months by revised estimates derived from the larger Monthly Retail Trade Survey. The associated series from the Monthly Retail Trade Survey is available at https://fred.stlouisfed.org/series/MRTSSM447USS Information about the Advance Monthly Retail Sales Survey can be found on the Census website at https://www.census.gov/retail/marts/about_the_surveys.html
WHHNGSP 2018-12-02 2018-12-02 Henry Hub Natural Gas Spot Price 1997-01-10 2018-11-23 Weekly W Dollars per Million BTU $ Per Mil. BTU Not Seasonally Adjusted NSA 2018-11-28 14:01:02-06 30 61 More information about this series can be found at http://www.eia.gov/dnav/ng/TblDefs/ng_pri_fut_tbldef2.asp
CAPUTLG211SQ 2018-12-02 2018-12-02 Capacity Utilization: Oil and gas extraction 1972-01-01 2018-07-01 Quarterly Q Percent of Capacity % of Capacity Seasonally Adjusted SA 2018-11-16 08:31:05-06 28 32 For a given industry, the capacity utilization rate is equal to an output index divided by a capacity index. The Federal Reserve Board’s capacity indexes attempt to capture the concept of sustainable maximum output-the greatest level of output a plant can maintain within the framework of a realistic work schedule, after factoring in normal downtime and assuming sufficient availability of inputs to operate the capital in place. NAICS = 211 Source Code: CAPUTL.G211.S
GASREGM 2018-12-02 2018-12-02 US Regular All Formulations Gas Price 1990-09-01 2018-11-01 Monthly, End of Period M Dollars per Gallon $ per Gallon Not Seasonally Adjusted NSA 2018-11-26 17:11:02-06 28 54 Weighted average based on sampling of approximately 900 retail outlets, 8:00AM Monday. The price represents self-service unless only full-service is available and includes all taxes. See (http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html) for further definitions. Regular Gasoline has an antiknock index (average of the research octane rating and the motor octane number) greater than or equal to 85 and less than 88. Octane requirements may vary by altitude.
NATURALGAS 2018-12-02 2018-12-02 Natural Gas Consumption 2000-01-01 2018-09-01 Monthly M Billion Cubic Feet Bil. Cubic Feet Not Seasonally Adjusted NSA 2018-11-15 12:31:03-06 28 29 This data is collected by the U.S. Energy Information Administration (EIA) available at: http://www.eia.gov/dnav/ng/hist/n9140us2m.htm and http://www.eia.doe.gov/emeu/steo/pub/contents.html (forecast).
WPU1191 2018-12-02 2018-12-02 Producer Price Index by Commodity for Machinery and Equipment: Oil Field and Gas Field Machinery 1947-01-01 2018-10-01 Monthly M Index 1982=100 Index 1982=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:08-06 27 27 NA
PCU21112111 2018-12-02 2018-12-02 Producer Price Index by Industry: Oil and Gas Extraction 1985-12-01 2018-10-01 Monthly M Index Dec 1985=100 Index Dec 1985=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:07-06 25 27 NA
DGOERC1Q027SBEA 2018-12-02 2018-12-02 Personal consumption expenditures: Nondurable goods: Gasoline and other energy goods 1947-01-01 2018-07-01 Quarterly Q Billions of Dollars Bil. of $ Seasonally Adjusted Annual Rate SAAR 2018-11-28 07:51:11-06 24 26 BEA Account Code: DGOERC For more information about this series, please see http://www.bea.gov/national/.
PNGASUSUSDM 2018-12-02 2018-12-02 Global price of Natural Gas, US Henry Hub Gas 1991-01-01 2017-06-01 Monthly M U.S. Dollars per Million Metric British Thermal Unit U.S. $ per Mil. Metric British Thermal Unit Not Seasonally Adjusted NSA 2017-07-12 09:01:03-05 24 30 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
IPG211S 2018-12-02 2018-12-02 Industrial Production: Mining: Oil and gas extraction 1972-01-01 2018-10-01 Monthly M Index 2012=100 Index 2012=100 Seasonally Adjusted SA 2018-11-16 08:31:05-06 24 26 The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories. NAICS = 211 Source Code: IP.G211.S
DGASUSGULF 2018-12-02 2018-12-02 Conventional Gasoline Prices: U.S. Gulf Coast, Regular 1986-06-02 2018-11-26 Daily D Dollars per Gallon $ per Gallon Not Seasonally Adjusted NSA 2018-11-28 14:01:03-06 24 25 Definitions, Sources and Explanatory Notes: http://www.eia.doe.gov/dnav/pet/TblDefs/pet_pri_spt_tbldef2.asp
LNU04032230 2018-12-02 2018-12-02 Unemployment Rate: Mining, quarrying, and oil and gas extraction, Nonagricultural Private Wage and Salary Workers 2000-01-01 2018-10-01 Monthly M Percent % Not Seasonally Adjusted NSA 2018-11-02 08:18:06-05 22 22 The series comes from the ‘Current Population Survey (Household Survey)’ The source code is: LNU04032230
PCU3331323331323Z 2018-12-02 2018-12-02 Producer Price Index by Industry: Oil and Gas Field Machinery and Equipment Manufacturing: Other Oil and Gas Field Drilling Machinery and Equipment (DISCONTINUED) 1986-12-01 2017-12-01 Monthly M Index Dec 1986=100 Index Dec 1986=100 Not Seasonally Adjusted NSA 2018-01-11 09:01:07-06 21 21 NA
PCU213111213111 2018-12-02 2018-12-02 Producer Price Index by Industry: Drilling Oil and Gas Wells 1985-12-01 2018-10-01 Monthly M Index Dec 1985=100 Index Dec 1985=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:17-06 21 21 NA
DGASNYH 2018-12-02 2018-12-02 Conventional Gasoline Prices: New York Harbor, Regular 1986-06-02 2018-11-26 Daily D Dollars per Gallon $ per Gallon Not Seasonally Adjusted NSA 2018-11-28 14:01:03-06 20 21 Definitions, Sources and Explanatory Notes: http://www.eia.doe.gov/dnav/pet/TblDefs/pet_pri_spt_tbldef2.asp
PCU33361133361105 2018-12-02 2018-12-02 Producer Price Index by Industry: Turbine and Turbine Generator Set Units Manufacturing: Steam, Gas, and Other Turbines and Turbine Generators 2003-12-01 2018-10-01 Monthly M Index Dec 2003=100 Index Dec 2003=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:08-06 20 20 NA
PNGASEUUSDM 2018-12-02 2018-12-02 Global price of Natural gas, EU 1985-01-01 2017-06-01 Monthly M U.S. Dollars per Million Metric British Thermal Unit U.S. $ per Mil. Metric British Thermal Unit Not Seasonally Adjusted NSA 2017-07-12 11:41:05-05 19 21 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
GASPRICE 2018-12-02 2018-12-02 Natural Gas Price: Henry Hub, LA (DISCONTINUED) 1993-11-01 2014-02-01 Monthly M Dollars per Million BTU $ per Mil. BTU Not Seasonally Adjusted NSA 2014-04-10 13:29:49-05 19 19 The September 2005 figure is the average of prices from September 1 through September 22. Spot prices were not available for Henry Hub Natural Gas starting on September 23, 2005, due to Hurricane Rita. Copyright, 2016, Dow Jones & Company In March 2014, the Wall Street Journal discontinued publication of some of its commodity energy prices.
CPGREN01USA657N 2018-12-02 2018-12-02 Consumer Price Index: OECD Groups: Fuel, Electricity, and Gasoline for the United States 1960-01-01 2017-01-01 Annual A Growth Rate Previous Period Growth Rate Previous Period Not Seasonally Adjusted NSA 2018-10-19 09:43:28-05 18 24 OECD descriptor ID: CPGREN01 OECD unit ID: GP OECD country ID: USA All OECD data should be cited as follows: OECD, “Main Economic Indicators - complete database”, Main Economic Indicators (database),http://dx.doi.org/10.1787/data-00052-en (Accessed on date) Copyright, 2016, OECD. Reprinted with permission.
PCU21111221111214 2018-12-02 2018-12-02 Producer Price Index by Industry: Natural Gas Liquid Extraction: Plant Condensate, Ethane, Gas Mixtures, and Other Natural Gas Liquids 1996-06-01 2018-10-01 Monthly M Index Jun 1996=100 Index Jun 1996=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:09-06 17 17 NA
PCU22121022121011 2018-12-02 2018-12-02 Producer Price Index by Industry: Natural Gas Distribution: Natural Gas to Ultimate Consumers 1990-12-01 2018-10-01 Monthly M Index Dec 1990=100 Index Dec 1990=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:17-06 16 16 NA
WPU11910604 2018-12-02 2018-12-02 Producer Price Index by Commodity for Machinery and Equipment: Parts and Attachments for Oil and Gas Field Production Machinery 2010-12-01 2018-08-01 Monthly M Index Dec 2010=100 Index Dec 2010=100 Not Seasonally Adjusted NSA 2018-09-12 08:01:19-05 15 15 NA
CAPUTLG2211A2S 2018-12-02 2018-12-02 Capacity Utilization: Electric and gas utilities 1967-01-01 2018-10-01 Monthly M Percent of Capacity % of Capacity Seasonally Adjusted SA 2018-11-16 08:31:06-06 15 20 For a given industry, the capacity utilization rate is equal to an output index divided by a capacity index. The Federal Reserve Board’s capacity indexes attempt to capture the concept of sustainable maximum output-the greatest level of output a plant can maintain within the framework of a realistic work schedule, after factoring in normal downtime and assuming sufficient availability of inputs to operate the capital in place. NAICS = 2211,2 Source Code: CAPUTL.G2211A2.S
CAPUTLG211S 2018-12-02 2018-12-02 Capacity Utilization: Oil and gas extraction 1972-01-01 2018-10-01 Monthly M Percent of Capacity % of Capacity Seasonally Adjusted SA 2018-11-16 08:31:07-06 15 32 For a given industry, the capacity utilization rate is equal to an output index divided by a capacity index. The Federal Reserve Board’s capacity indexes attempt to capture the concept of sustainable maximum output-the greatest level of output a plant can maintain within the framework of a realistic work schedule, after factoring in normal downtime and assuming sufficient availability of inputs to operate the capital in place. NAICS = 211 Source Code: CAPUTL.G211.S
TXOILGASNGSP 2018-12-02 2018-12-02 Gross Domestic Product by Industry: Private Industries: Mining: Oil and Gas Extraction for Texas 1997-01-01 2016-01-01 Annual A Millions of Dollars Mil. of $ Not Seasonally Adjusted NSA 2018-11-19 16:07:44-06 15 15 For more information about this release go to http://www.bea.gov/newsreleases/regional/gdp_state/qgsp_newsrelease.htm.
PNGASUSUSDA 2018-12-02 2018-12-02 Global price of Natural Gas, US Henry Hub Gas 1991-01-01 2016-01-01 Annual A U.S. Dollars per Million Metric British Thermal Unit U.S. $ per Mil. Metric British Thermal Unit Not Seasonally Adjusted NSA 2017-02-01 09:11:07-06 15 30 Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars. Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.
IPN213111S 2018-12-02 2018-12-02 Industrial Production: Mining: Drilling oil and gas wells 1972-01-01 2018-10-01 Monthly M Index 2012=100 Index 2012=100 Seasonally Adjusted SA 2018-11-16 08:31:05-06 15 37 The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories. NAICS = 213111 Source Code: IP.N213111.S
AHHNGSP 2018-12-02 2018-12-02 Henry Hub Natural Gas Spot Price 1997-01-01 2017-01-01 Annual A Dollars per Million BTU $ Per Mil. BTU Not Seasonally Adjusted NSA 2018-05-31 14:01:03-05 14 61 More information about this series can be found at http://www.eia.gov/dnav/ng/TblDefs/ng_pri_fut_tbldef2.asp
PCU213112213112 2018-12-02 2018-12-02 Producer Price Index by Industry: Support Activities for Oil and Gas Operations 1985-12-01 2018-10-01 Monthly M Index Dec 1985=100 Index Dec 1985=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:14-06 14 14 NA
PCU3251203251204 2018-12-02 2018-12-02 Producer Price Index by Industry: Industrial Gas Manufacturing: Carbon Dioxide 1981-06-01 2018-10-01 Monthly M Index Jun 1981=100 Index Jun 1981=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:45-06 14 14 NA
CUSR0000SEHF02 2018-12-02 2018-12-02 Consumer Price Index - All Urban Consumers - Utility (piped) gas service 1952-01-01 2018-10-01 Monthly M Index 1982-1984=100 Index 1982-84=100 Seasonally Adjusted SA 2018-11-14 07:54:52-06 13 14 The term “utility (piped) gas service” refers to natural gas.
GASALLW 2018-12-02 2018-12-02 US All Grades All Formulations Gas Price 1993-04-05 2018-11-26 Weekly, Ending Monday W Dollars per Gallon $ per Gallon Not Seasonally Adjusted NSA 2018-11-26 17:11:02-06 13 17 Weighted average based on sampling of approximately 900 retail outlets, 8:00AM Monday. The price represents self-service unless only full-service is available and includes all taxes. See (http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html) for further definitions. All Formulations includes both conventional gasoline and reformulated gasoline.
PCU325120325120T 2018-12-02 2018-12-02 Producer Price Index by Industry: Industrial Gas Manufacturing: Other Industrial Gases (Including Fluorocarbon) 2009-06-01 2018-10-01 Monthly M Index Jun 2009=100 Index Jun 2009=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:23-06 12 12 NA
A33DNO 2018-12-02 2018-12-02 Value of Manufacturers’ New Orders for Durable Goods Industries: Machinery: Mining, Oil Field, and Gas Field Machinery 1992-02-01 2018-09-01 Monthly M Million of Dollars Mil. of $ Seasonally Adjusted SA 2018-11-02 11:01:05-05 12 14 NA
PCU3251203251201 2018-12-02 2018-12-02 Producer Price Index by Industry: Industrial Gas Manufacturing: Acetylene 1981-06-01 2013-12-01 Monthly M Index Jun 1981=100 Index Jun 1981=100 Not Seasonally Adjusted NSA 2015-05-15 08:44:32-05 12 12 NA
IPN211111GS 2018-12-02 2018-12-02 Industrial Production: Mining: Natural gas 1972-01-01 2018-08-01 Monthly M Index 2012=100 Index 2012=100 Seasonally Adjusted SA 2018-11-16 08:31:06-06 12 13 The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories. NAICS = 211111pt. Source Code: IP.N211111G.S
PCU333912333912 2018-12-02 2018-12-02 Producer Price Index by Industry: Air and Gas Compressor Manufacturing 1984-06-01 2018-10-01 Monthly M Index Jun 1984=100 Index Jun 1984=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:29-06 11 11 NA
CPGREN01ITM659N 2018-12-02 2018-12-02 Consumer Price Index: OECD Groups: Fuel, Electricity, and Gasoline for Italy 1961-01-01 2018-09-01 Monthly M Growth Rate Same Period Previous Year Growth Rate Same Period Previous Yr. Not Seasonally Adjusted NSA 2018-11-23 11:18:14-06 10 11 OECD descriptor ID: CPGREN01 OECD unit ID: GY OECD country ID: ITA All OECD data should be cited as follows: OECD, “Main Economic Indicators - complete database”, Main Economic Indicators (database),http://dx.doi.org/10.1787/data-00052-en (Accessed on date) Copyright, 2016, OECD. Reprinted with permission.
PCU325120325120 2018-12-02 2018-12-02 Producer Price Index by Industry: Industrial Gas Manufacturing 2003-12-01 2018-10-01 Monthly M Index Dec 2003=100 Index Dec 2003=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:18-06 10 10 NA
TX10211000M175FRBDAL 2018-12-02 2018-12-02 Mining: Oil and Gas Extraction Payroll Employment in Texas 1990-01-01 2018-10-01 Monthly M Thousands of Persons Thous. of Persons Seasonally Adjusted SA 2018-11-16 16:21:03-06 10 10 The Dallas Fed has improved the quality of the payroll employment estimates for Texas using early benchmarking and two-step seasonal adjustment. More information regarding the early benchmarking technique can be found at http://www.dallasfed.org/research/basics/benchmark.cfm. More information pertaining to two-step seasonal adjustment can be found at http://www.dallasfed.org/research/basics/twostep.cfm.
PCU213111213111P 2018-12-02 2018-12-02 Producer Price Index by Industry: Drilling Oil and Gas Wells: Primary Services 1985-12-01 2018-10-01 Monthly M Index Dec 1985=100 Index Dec 1985=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:23-06 10 10 NA
PCU21111221111212 2018-12-02 2018-12-02 Producer Price Index by Industry: Natural Gas Liquid Extraction: Propane 1984-06-01 2018-10-01 Monthly M Index Jun 1984=100 Index Jun 1984=100 Not Seasonally Adjusted NSA 2018-11-09 08:02:09-06 9 9 NA
REV22121TAXABL144QNSA 2018-12-02 2018-12-02 Total Revenue for Natural Gas Distribution, Establishments Subject to Federal Income Tax 2010-01-01 2018-04-01 Quarterly Q Millions of Dollars Mil. of $ Not Seasonally Adjusted NSA 2018-11-16 09:31:02-06 9 9 For further information regarding Quarterly Services, visit the source website at http://www.census.gov/services/
CAPUTLG2211A2SQ 2018-12-02 2018-12-02 Capacity Utilization: Electric and gas utilities 1967-01-01 2018-07-01 Quarterly Q Percent of Capacity % of Capacity Seasonally Adjusted SA 2018-11-16 08:31:07-06 9 20 For a given industry, the capacity utilization rate is equal to an output index divided by a capacity index. The Federal Reserve Board’s capacity indexes attempt to capture the concept of sustainable maximum output-the greatest level of output a plant can maintain within the framework of a realistic work schedule, after factoring in normal downtime and assuming sufficient availability of inputs to operate the capital in place. NAICS = 2211,2 Source Code: CAPUTL.G2211A2.S
RGMPOILGASUSMP 2018-12-02 2018-12-02 Real Gross Domestic Product: Private Industries: Mining: Oil and Gas Extraction for United States Metropolitan Portion 2001-01-01 2016-01-01 Annual A Millions of Chained 2009 Dollars Mil. of Chn. 2009 $ Not Seasonally Adjusted NSA 2018-09-18 08:31:08-05 9 9 The category “Oil and gas extraction” is used in both the SIC system and in NAICS, but it does not have the same definition in both systems. SIC definition: This major SIC group includes establishments primarily engaged in: (1) producing crude petroleum and natural gas; (2) extracting oil from oil sands and oil shale; (3) producing natural gasoline and cycle condensate; and (4) producing gas and hydrocarbon liquids form coal at the mine site. Types of activities included are exploration, drilling, oil and gas well operation and maintenance, the operation of natural gasoline and cycle plants, and the gasification, liquefaction, and pyrolysis of coal at the mine site. This major group also includes such basic activities as emulsion breaking and desilting of crude petroleum in the preparation of oil and gas customarily done at the field site. NAICS definition: Industries in the Oil and Gas Extraction NAICS subsector operate and/or develop oil and gas field properties. Such activities may include exploration for crude petroleum and natural gas; drilling, completing, and equipping wells; operating separators, emulsion breakers, desilting equipment, and field gathering lines for crude petroleum and natural gas; and all other activities in the preparation of oil and gas up to the point of shipment from the producing property. This subsector includes the production of crude petroleum, the mining and extraction of oil from oil shale and oil sands, and the production of natural gas, sulfur recovery from natural gas, and recovery of hydrocarbon liquids. Consists of all counties in a state that are parts of metropolitan statistical areas. For more information about this release go to http://www.bea.gov/newsreleases/regional/gdp_metro/gdp_metro_newsrelease.htm.
MARTSMPCSM44W72USS 2018-12-02 2018-12-02 Advance Retail Sales: Retail Trade and Food Services, Excluding Motor Vehicle and Parts Dealers and Gasoline Stations 1992-02-01 2018-10-01 Monthly M Percent Change from Preceding Period % Chg. from Preceding Period Seasonally Adjusted SA 2018-11-15 07:41:25-06 9 11 NA
WRGASLA 2018-12-02 2018-12-02 Reformulated Gasoline Blendstock for Oxygenate Blending (RBOB) Prices: Regular Gasoline: Los Angeles 2003-09-12 2018-11-23 Weekly, Ending Friday W Dollars per Gallon $ per Gallon Not Seasonally Adjusted NSA 2018-11-28 14:01:03-06 9 12 Definitions, Sources and Explanatory Notes: http://www.eia.doe.gov/dnav/pet/TblDefs/pet_pri_spt_tbldef2.asp
PCU3331323331321 2018-12-02 2018-12-02 Producer Price Index by Industry: Oil and Gas Field Machinery and Equipment Manufacturing: Rotary Oil and Gas Field Drilling Machinery and Equipment 1986-12-01 2018-10-01 Monthly M Index Dec 1986=100 Index Dec 1986=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:18-06 9 9 NA
RSGASSN 2018-12-02 2018-12-02 Advance Retail Sales: Gasoline Stations 1992-01-01 2018-10-01 Monthly M Millions of Dollars Mil. of $ Not Seasonally Adjusted NSA 2018-11-15 07:41:19-06 9 32 The value for the most recent month is an advance estimate that is based on data from a subsample of firms from the larger Monthly Retail Trade Survey. The advance estimate will be superseded in following months by revised estimates derived from the larger Monthly Retail Trade Survey. The associated series from the Monthly Retail Trade Survey is available at https://fred.stlouisfed.org/series/MRTSSM447USN Information about the Advance Monthly Retail Sales Survey can be found on the Census website at https://www.census.gov/retail/marts/about_the_surveys.html
LAOILGASNGSP 2018-12-02 2018-12-02 Gross Domestic Product by Industry: Private Industries: Mining: Oil and Gas Extraction for Louisiana 1997-01-01 2016-01-01 Annual A Millions of Dollars Mil. of $ Not Seasonally Adjusted NSA 2018-11-19 16:07:44-06 9 9 For more information about this release go to http://www.bea.gov/newsreleases/regional/gdp_state/qgsp_newsrelease.htm.
IPG2211A2SQ 2018-12-02 2018-12-02 Industrial Production: Electric and gas utilities 1939-01-01 2018-07-01 Quarterly Q Index 2012=100 Index 2012=100 Seasonally Adjusted SA 2018-11-16 08:31:11-06 9 55 The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories. NAICS = 2211,2 Source Code: IP.G2211A2.S
WPU0531 2018-12-02 2018-12-02 Producer Price Index by Commodity for Fuels and Related Products and Power: Natural Gas 1967-01-01 2018-10-01 Monthly M Index 1982=100 Index 1982=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:32-06 9 9 NA
CUUS0000SETB01 2018-12-02 2018-12-02 Consumer Price Index for All Urban Consumers: Gasoline (all types) 1984-01-01 2018-01-01 Semiannual SA Index 1982-1984=100 Index 1982-84=100 Not Seasonally Adjusted NSA 2018-07-12 07:53:04-05 8 55 NA
GASALLM 2018-12-02 2018-12-02 US All Grades All Formulations Gas Price 1993-04-01 2018-11-01 Monthly, End of Period M Dollars per Gallon $ per Gallon Not Seasonally Adjusted NSA 2018-11-26 17:11:02-06 8 17 Weighted average based on sampling of approximately 900 retail outlets, 8:00AM Monday. The price represents self-service unless only full-service is available and includes all taxes. See (http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html) for further definitions. All Formulations includes both conventional gasoline and reformulated gasoline.
M0127AUSM387NNBR 2018-12-02 2018-12-02 Gasoline, Total Domestic Demand for United States 1917-08-01 1930-12-01 Monthly M Millions of Barrels (Of 42 Gallons) Mil. Of Barrels (Of 42 Gallons) Not Seasonally Adjusted NSA 2012-08-15 15:49:32-05 8 8 Series Is Presented Here As Two Variables–(1)–Original Data, 1917-1930 (2)–Original Data, 1926-1962. Data Were Computed By The Bureau Of Mines From Stocks At First Of Month, Plus Production, Plus Imports, Minus Exports, Minus Stocks At End Of Month. The Bureau Of Mines Prefers To Call These Estimates “Demand” Rather Than Consumption, Since There Are Substantial Unreported Stocks. Source: Bureau Of Mines, Petroleum Refinery Statistics, Various Issues Of Minerals Yearbook, Monthly Petroleum Statements, Mineral Industry Surveys, And Survey Of Current Business. This NBER data series m01127a appears on the NBER website in Chapter 1 at http://www.nber.org/databases/macrohistory/contents/chapter01.html. NBER Indicator: m01127a
GASREGA 2018-12-02 2018-12-02 US Regular All Formulations Gas Price 1992-01-01 2017-01-01 Annual A Dollars per Gallon $ per Gallon Not Seasonally Adjusted NSA 2018-01-03 12:31:01-06 8 54 Weighted average based on sampling of approximately 900 retail outlets, 8:00AM Monday. The price represents self-service unless only full-service is available and includes all taxes. See (http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html) for further definitions. All Formulations includes both conventional gasoline and reformulated gasoline.
NATURALGASD11 2018-12-02 2018-12-02 Natural Gas Consumption 2000-01-01 2018-09-01 Monthly M Billion Cubic Feet Bil. Cubic Feet Seasonally Adjusted SA 2018-11-15 12:31:04-06 8 29 NA
NGMPRETAILUSMP 2018-12-02 2018-12-02 Gross Domestic Product: Private Industries: Retail Trade for United States Metropolitan Portion 2001-01-01 2017-01-01 Annual A Millions of Dollars Mil. of $ Not Seasonally Adjusted NSA 2018-09-18 08:31:07-05 8 8 The term “retail trade” is used in the SIC system and in NAICS, but it does not have the same definition in both systems. SIC definition:This SIC division includes establishments engaged in selling merchandise for personal or household consumption and rendering services incidental to the sale of the goods. In general, retail establishments are classified by kind of business according to the principal lines of commodities sold (groceries, hardware, etc.), or the usual trade designation (drug store, cigar store, etc.). Some of the important characteristics of retail trade establishments are: the establishment is usually a place of business and is engaged in activities to attract the general public to buy; the establishment buys or receives merchandise as well as sells; the establishment may process its products, but such processing is incidental or subordinate to selling; the establishment is considered as retail in the trade; and the establishment sells to customers for personal or household use. Not all of these characteristics need be present and some are modified by trade practice. NAICS definition:The Retail Trade NAICS sector comprises establishments engaged in retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. The retailing process is the final step in the distribution of merchandise; retailers are, therefore, organized to sell merchandise in small quantities to the general public. This sector comprises two main types of retailers: store and nonstore retailers. 1. Store retailers operate fixed point-of-sale locations, located and designed to attract a high volume of walk-in customers. In general, retail stores have extensive displays of merchandise and use mass-media advertising to attract customers. They typically sell merchandise to the general public for personal or household consumption, but some also serve business and institutional clients. These include establishments, such as office supply stores, computer and software stores, building materials dealers, plumbing supply stores, and electrical supply stores. Catalog showrooms, gasoline stations, automotive dealers, and mobile home dealers are treated as store retailers. In addition to retailing merchandise, some types of store retailers are also engaged in the provision of after-sales services, such as repair and installation. For example, new automobile dealers, electronic and appliance stores, and musical instrument and supply stores often provide repair services. As a general rule, establishments engaged in retailing merchandise and providing after-sales services are classified in this sector. 2. Nonstore retailers, like store retailers, are organized to serve the general public, but their retailing methods differ. The establishments of this subsector reach customers and market merchandise with methods, such as the broadcasting of “infomercials,” the broadcasting and publishing of direct-response advertising, the publishing of paper and electronic catalogs, door-to-door solicitation, in-home demonstration, selling from portable stalls (street vendors, except food), and distribution through vending machines. Establishments engaged in the direct sale (nonstore) of products, such as home heating oil dealers and home delivery newspaper routes are included here. Consists of all counties in a state that are parts of metropolitan statistical areas. For more information about this release go to http://www.bea.gov/newsreleases/regional/gdp_metro/gdp_metro_newsrelease.htm.
MRTSSM447USS 2018-12-02 2018-12-02 Retail Sales: Gasoline Stations 1992-01-01 2018-09-01 Monthly M Millions of Dollars Mil. of $ Seasonally Adjusted SA 2018-11-15 09:11:04-06 8 11 The most recent month’s value of the advance estimate based on data from a subsample of firms from the larger Monthly Retail Trade Survey is available at https://fred.stlouisfed.org/series/RSGASS Information about the Monthly Retail Trade Survey can be found on the Census website at https://www.census.gov/retail/mrts/about_the_surveys.html
PCU21311121311103 2018-12-02 2018-12-02 Producer Price Index by Industry: Drilling Oil and Gas Wells: Oil and Gas Well Directional Drilling Control 2003-12-01 2018-10-01 Monthly M Index Dec 2003=100 Index Dec 2003=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:17-06 7 7 NA
DGOERC1A027NBEA 2018-12-02 2018-12-02 Personal consumption expenditures: Nondurable goods: Gasoline and other energy goods 1929-01-01 2017-01-01 Annual A Billions of Dollars Bil. of $ Not Seasonally Adjusted NSA 2018-07-27 10:33:35-05 7 26 BEA Account Code: DGOERC For more information about this series, please see http://www.bea.gov/national/.
CPGREN01USQ657N 2018-12-02 2018-12-02 Consumer Price Index: OECD Groups: Fuel, Electricity, and Gasoline for the United States 1960-01-01 2018-07-01 Quarterly Q Growth Rate Previous Period Growth Rate Previous Period Not Seasonally Adjusted NSA 2018-11-23 11:01:38-06 7 24 OECD descriptor ID: CPGREN01 OECD unit ID: GP OECD country ID: USA All OECD data should be cited as follows: OECD, “Main Economic Indicators - complete database”, Main Economic Indicators (database),http://dx.doi.org/10.1787/data-00052-en (Accessed on date) Copyright, 2016, OECD. Reprinted with permission.
CPGREN01USM657N 2018-12-02 2018-12-02 Consumer Price Index: OECD Groups: Fuel, Electricity, and Gasoline for the United States 1960-01-01 2018-09-01 Monthly M Growth Rate Previous Period Growth Rate Previous Period Not Seasonally Adjusted NSA 2018-11-23 11:18:12-06 6 24 OECD descriptor ID: CPGREN01 OECD unit ID: GP OECD country ID: USA All OECD data should be cited as follows: OECD, “Main Economic Indicators - complete database”, Main Economic Indicators (database),http://dx.doi.org/10.1787/data-00052-en (Accessed on date) Copyright, 2016, OECD. Reprinted with permission.
IPN33313S 2018-12-02 2018-12-02 Industrial Production: Durable Goods: Mining and oil and gas field machinery 1972-01-01 2018-10-01 Monthly M Index 2012=100 Index 2012=100 Seasonally Adjusted SA 2018-11-16 08:31:11-06 6 8 The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories. NAICS = 33313 Source Code: IP.N33313.S
DEGFRX1A020NBEA 2018-12-02 2018-12-02 Real personal consumption expenditures: Household utilities and fuels: Electricity, gas, and other fuels 2002-01-01 2017-01-01 Annual A Billions of Chained 2009 Dollars Bil. of Chn. 2009 $ Not Seasonally Adjusted NSA 2018-08-08 14:11:07-05 6 6 BEA Account Code: DEGFRX For more information about this series, please see http://www.bea.gov/national/.
CP0400USM086NEST 2018-12-02 2018-12-02 Harmonized Index of Consumer Prices: Housing, Water, Electricity, Gas, and Other Fuels for United States 2001-12-01 2018-09-01 Monthly M Index 2015=100 Index 2015=100 Not Seasonally Adjusted NSA 2018-10-17 07:21:04-05 6 6 The Harmonized Index of Consumer Prices category “Housing, Water, Electricity, Gas, and Other Fuels (04)”; is a classification of nondurable goods, services, and energy. The category; Housing, Water, Electricity, Gas, and Other Fuels (04); contains Actual Rentals for Housing (04.1), Maintenance and Repair of the Dwelling (04.3), Water Supply and Miscellaneous Services Relating to the Dwelling (04.4), and Electricity, Gas, and Other Fuels (04.5) categories and all subcategories therein. Information provided in the notes pertaining to HICP classifications can be found from the source at: http://ec.europa.eu/eurostat/cache/metadata/en/prc_hicp_esms.htm. Copyright, European Union, 1995-2016, http://ec.europa.eu/geninfo/legal_notices_en.htm#copyright.
SMU48264201021100001SA 2018-12-02 2018-12-02 All Employees: Mining: Oil and Gas Extraction in Houston-The Woodlands-Sugar Land, TX (MSA) 1990-01-01 2018-10-01 Monthly M Thousands of Persons Thous. of Persons Seasonally Adjusted SA 2018-11-16 15:56:23-06 6 8 The Federal Reserve Bank of St. Louis seasonally adjusts this series by using the ‘x12’ package from R with default parameter settings. The package uses the U.S. Bureau of the Census X13-ARIMA-SEATS Seasonal Adjustment Program. More information on the ‘x12’ package can be found at https://cran.r-project.org/web/packages/x12/index.html. More information on X13-ARIMA-SEATS can be found at https://www.census.gov/srd/www/x13as/.
CEU1021100001 2018-12-02 2018-12-02 All Employees: Mining and Logging: Oil and Gas Extraction 1972-01-01 2018-10-01 Monthly M Thousands of Persons Thous. of Persons Not Seasonally Adjusted NSA 2018-11-02 08:18:13-05 6 36 The series comes from the ‘Current Employment Statistics (Establishment Survey).’ The source code is: CEU1021100001
PCU21111221111211 2018-12-02 2018-12-02 Producer Price Index by Industry: Natural Gas Liquid Extraction: Isopentane and Natural Gasoline 1984-06-01 2018-10-01 Monthly M Index Jun 1984=100 Index Jun 1984=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:37-06 6 6 NA
PCU211211 2018-12-02 2018-12-02 Producer Price Index by Industry: Oil and Gas Extraction 1985-12-01 2018-10-01 Monthly M Index Dec 1985=100 Index Dec 1985=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:31-06 6 27 NA
PCU3331323331327 2018-12-02 2018-12-02 Producer Price Index by Industry: Oil and Gas Field Machinery and Equipment Manufacturing: Portable Oil and Gas Field Drilling Rigs and Parts (Above Ground) 1986-12-01 2010-12-01 Monthly M Index Dec 1986=100 Index Dec 1986=100 Not Seasonally Adjusted NSA 2015-05-15 08:33:22-05 6 6 NA
GASALLCOVM 2018-12-02 2018-12-02 US All Grades Conventional Gas Price 1994-12-01 2018-11-01 Monthly M Dollars per Gallon $ per Gallon Not Seasonally Adjusted NSA 2018-11-26 17:11:08-06 6 7 Weighted average based on sampling of approximately 900 retail outlets, 8:00AM Monday. The price represents self-service unless only full-service is available and includes all taxes. See (http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html) for further definitions. All Formulations includes both conventional gasoline and reformulated gasoline.
MARTSSM44W72USS 2018-12-02 2018-12-02 Advance Retail Sales: Retail Trade and Food Services, Excluding Motor Vehicle and Parts Dealers and Gasoline Stations 1992-01-01 2018-10-01 Monthly M Millions of Dollars Mil. of $ Seasonally Adjusted SA 2018-11-15 07:41:24-06 6 11 NA
PCU221210221210114 2018-12-02 2018-12-02 Producer Price Index by Industry: Natural Gas Distribution: Industrial Natural Gas 1990-12-01 2018-10-01 Monthly M Index Dec 1990=100 Index Dec 1990=100 Not Seasonally Adjusted NSA 2018-11-09 08:01:37-06 5 5 NA
PCU324110324110DY 2018-12-02 2018-12-02 Producer Price Index by Industry: Petroleum Refineries: Heavy Fuel Oils, Including No. 5, No. 6, Heavy Diesel, Gas Enrichment Oils, Etc. (DISCONTINUED) 1947-01-01 2017-12-01 Monthly M Index Jun 1985=100 Index Jun 1985=100 Not Seasonally Adjusted NSA 2018-01-11 09:01:58-06 5 5 NA
IPG211N 2018-12-02 2018-12-02 Industrial Production: Mining: Oil and gas extraction 1972-01-01 2018-10-01 Monthly M Index 2012=100 Index 2012=100 Not Seasonally Adjusted NSA 2018-11-16 08:31:09-06 5 26 The industrial production (IP) index measures the real output of all relevant establishments located in the United States, regardless of their ownership, but not those located in U.S. territories. NAICS = 211 Source Code: IP.G211.N
B2000C1A027NBEA 2018-12-02 2018-12-02 Taxes on production and imports: Federal: Excise taxes: Gasoline 1959-01-01 2017-01-01 Annual A Billions of Dollars Bil. of $ Not Seasonally Adjusted NSA 2018-08-08 14:11:17-05 5 5 BEA Account Code: B2000C For more information about this series, please see http://www.bea.gov/national/.
CUUS0000SS47014 2018-12-02 2018-12-02 Consumer Price Index for All Urban Consumers: Gasoline, unleaded regular 1984-01-01 2018-01-01 Semiannual SA Index 1982-1984=100 Index 1982-84=100 Not Seasonally Adjusted NSA 2018-07-12 07:53:07-05 5 5 NA
A02230USA398NNBR 2018-12-02 2018-12-02 Expenditures for Petroleum and Natural Gas Well Drilling for United States 1889-01-01 1963-01-01 Annual A Millions of Current Dollars Mil. of Current $ Not Seasonally Adjusted NSA 2012-08-16 11:36:39-05 5 5 The Kuznets Data Were Calculated By Multiplying The Series In 1929 Prices By The Price Index For Petroleum Pipe Lines. For 1915-28, This Price Index Was Calculated For “Construction And Building Materials, Statistical Supplement”, May 1954, Pp. 33 And 82, And It Was Extrapolated Back From 1915 By The Total Construction Cost Index Described In Kuznets,“National Product Since 1869”, Table Iv-4, Notes To Line 1. The Dept. Of Commerce Estimates Were Prepared By The Building Materials And Construction Division Of The Business And Defense Services Administration. They Represent All Costs Of Drilling, Including The Cost Of Casings. The Cost Of Installed Production Equipment, Such As Flowing And Pumping Equipment, Is Excluded. The Figures Are Based On The Cost Of Drilling Oil And Gas Wells, As Reported In The Census Of Mineral Industries, 1939 And 1958, Interpolated And Extrapolated By Annual Data On The Number Of Wells Completed (From Trade Sources) And On Average Cost Per Well (Estimated By The Compiling Agency). Source: 1889-1928: Unpublished Annual Estimates Which Underly Five-Year Moving Averages Published, With Explanatory Notes, In Simon Kuznets, “Capital In The American Economy,” Princeton University Press For NBER, 1961, Tables R-5, Pp. 492-493; R-15, Pp. 526-527; And R-30, Pp. 576-587. 1929-1938:“National Income”, 1954 Edition, Supplement To “Survey Of Current Business”, Footnote 8 To Table 31, P. 209. 1939-1945:“Construction And Building Materials, Statistical Supplement”, May 1954, U.S. Department Of Commerce, Business And Defense Services Administration, Table 24, P. 56. 1946-1956:“U.S. Income And Output”, Supplement To “Survey Of Current Business”, 1958. 1957-1963:“Survey Of Current Business”, July Issues, 1962 And 1964. This NBER data series a02230 appears on the NBER website in Chapter 2 at http://www.nber.org/databases/macrohistory/contents/chapter02.html. NBER Indicator: a02230
CAPG211S 2018-12-02 2018-12-02 Industrial Capacity: Mining: Oil and gas extraction 1972-01-01 2018-10-01 Monthly M Index 2012=100 Index 2012=100 Seasonally Adjusted SA 2018-11-16 08:31:15-06 5 5 NAICS = 211 Source Code: CAP.G211.S
NGMPOILGASUSMP 2018-12-02 2018-12-02 Gross Domestic Product: Private Industries: Mining: Oil and Gas Extraction for United States Metropolitan Portion 2001-01-01 2016-01-01 Annual A Millions of Dollars Mil. of $ Not Seasonally Adjusted NSA 2018-09-18 08:31:19-05 4 4 The category “Oil and gas extraction” is used in both the SIC system and in NAICS, but it does not have the same definition in both systems. SIC definition: This major SIC group includes establishments primarily engaged in: (1) producing crude petroleum and natural gas; (2) extracting oil from oil sands and oil shale; (3) producing natural gasoline and cycle condensate; and (4) producing gas and hydrocarbon liquids form coal at the mine site. Types of activities included are exploration, drilling, oil and gas well operation and maintenance, the operation of natural gasoline and cycle plants, and the gasification, liquefaction, and pyrolysis of coal at the mine site. This major group also includes such basic activities as emulsion breaking and desilting of crude petroleum in the preparation of oil and gas customarily done at the field site. NAICS definition: Industries in the Oil and Gas Extraction NAICS subsector operate and/or develop oil and gas field properties. Such activities may include exploration for crude petroleum and natural gas; drilling, completing, and equipping wells; operating separators, emulsion breakers, desilting equipment, and field gathering lines for crude petroleum and natural gas; and all other activities in the preparation of oil and gas up to the point of shipment from the producing property. This subsector includes the production of crude petroleum, the mining and extraction of oil from oil shale and oil sands, and the production of natural gas, sulfur recovery from natural gas, and recovery of hydrocarbon liquids. Consists of all counties in a state that are parts of metropolitan statistical areas. For more information about this release go to http://www.bea.gov/newsreleases/regional/gdp_metro/gdp_metro_newsrelease.htm.

** Oil Data **

wti<-fred$series.observations(series_id = 'DCOILWTICO')
brent<-fred$series.observations(series_id = 'DCOILBRENTEU')
dtwti<-wti %>>%
select(
    date,
    value
) %>>%
mutate(
    date = as.Date(date),
    value = as.numeric(value)
) 
## Warning in evalq(as.numeric(value), <environment>): NAs introduced by
## coercion
colnames(dtwti)<-c('Date','WTI_Price')

dtbrent<-brent %>>%
select(
    date,
    value
) %>>%
mutate(
    date = as.Date(date),
    value = as.numeric(value)
)
## Warning in evalq(as.numeric(value), <environment>): NAs introduced by
## coercion
colnames(dtbrent)<-c('Date','Brent_Price')

dtOil<-full_join(dtwti,dtbrent) %>% tbl_df()
## Joining, by = "Date"
dt<-na.omit(dtOil)

dtOil$Diff_Oil<-(dtOil$WTI_Price - dtOil$Brent_Price)

** Gasoline Data **

gasolineNY<-fred$series.observations(series_id = 'DGASNYH')
gasolineGOM<-fred$series.observations(series_id = 'DGASUSGULF')
dtgasolineNY<-gasolineNY %>>%
select(
    date,
    value
) %>>%
mutate(
    date = as.Date(date),
    value = as.numeric(value)
) 
## Warning in evalq(as.numeric(value), <environment>): NAs introduced by
## coercion
colnames(dtgasolineNY)<-c('Date','NY_Gasoline_Price')

dtgasolineGOM<-gasolineGOM %>>%
select(
    date,
    value
) %>>%
mutate(
    date = as.Date(date),
    value = as.numeric(value)
)
## Warning in evalq(as.numeric(value), <environment>): NAs introduced by
## coercion
colnames(dtgasolineGOM)<-c('Date','GOM_Gasoline_Price')

dtGasoline<-full_join(dtgasolineNY,dtgasolineGOM) %>% tbl_df()
## Joining, by = "Date"
dtGasoline<-na.omit(dtGasoline)

dtGasoline$Diff_Gasoline<-(dtGasoline$GOM_Gasoline_Price - dtGasoline$NY_Gasoline_Price)

Presidency Data

# We manually create a table with each president
presidents<-data.frame("Date"=c("1981-01-20","1989-01-20","1993-01-20","2001-01-20","2009-01-20","2017-01-20"),"Party"=c("Republican","Republican","Democrat","Republican","Democrat","Republican"),"President"=c("Ronal Reagan","George HW Bush","Bill Clinton","George W Bush","Barrak Obama","Donald Trump")) %>% mutate(Date=as.Date(Date))
## Then we add data for each day
days<-data.frame(seq(as.Date(presidents[1,1]),Sys.Date(),"days"))
colnames(days)<-c("Date")
days<-tbl_df(days)
dtPresidency<-full_join(days,presidents)
## Joining, by = "Date"
#using a for loop to fill in the NA rows
for(i in 1:nrow(dtPresidency)) {
  if (is.na(dtPresidency$Party[i])) {
    dtPresidency$Party[i]<-dtPresidency$Party[i-1]
    dtPresidency$President[i]<-dtPresidency$President[i-1]
  }
}

Final Data Table

dtFinal<-full_join(dtPresidency,dtOil)
## Joining, by = "Date"
dtFinal<-full_join(dtFinal,dtGasoline)
## Joining, by = "Date"
dtFinal<-na.omit(dtFinal)
 head(dtFinal,n=500) %>% kable() %>% kable_styling() %>% scroll_box(width = "1000px", height = "400px")
Date Party President WTI_Price Brent_Price Diff_Oil NY_Gasoline_Price GOM_Gasoline_Price Diff_Gasoline
1987-05-20 Republican Ronal Reagan 19.75 18.63 1.12 0.543 0.529 -0.014
1987-05-21 Republican Ronal Reagan 19.95 18.45 1.50 0.550 0.534 -0.016
1987-05-22 Republican Ronal Reagan 19.68 18.55 1.13 0.552 0.535 -0.017
1987-05-26 Republican Ronal Reagan 19.35 18.63 0.72 0.551 0.533 -0.018
1987-05-27 Republican Ronal Reagan 19.38 18.60 0.78 0.551 0.532 -0.019
1987-05-28 Republican Ronal Reagan 19.28 18.60 0.68 0.551 0.529 -0.022
1987-05-29 Republican Ronal Reagan 19.36 18.58 0.78 0.552 0.531 -0.021
1987-06-01 Republican Ronal Reagan 19.55 18.65 0.90 0.548 0.531 -0.017
1987-06-02 Republican Ronal Reagan 19.70 18.68 1.02 0.552 0.529 -0.023
1987-06-03 Republican Ronal Reagan 19.87 18.75 1.12 0.559 0.534 -0.025
1987-06-04 Republican Ronal Reagan 19.75 18.78 0.97 0.557 0.535 -0.022
1987-06-05 Republican Ronal Reagan 19.79 18.65 1.14 0.559 0.533 -0.026
1987-06-08 Republican Ronal Reagan 19.94 18.75 1.19 0.566 0.545 -0.021
1987-06-09 Republican Ronal Reagan 19.84 18.78 1.06 0.568 0.545 -0.023
1987-06-10 Republican Ronal Reagan 19.83 18.78 1.05 0.569 0.541 -0.028
1987-06-11 Republican Ronal Reagan 19.85 18.68 1.17 0.562 0.540 -0.022
1987-06-12 Republican Ronal Reagan 19.93 18.78 1.15 0.561 0.539 -0.022
1987-06-16 Republican Ronal Reagan 20.27 18.90 1.37 0.563 0.538 -0.025
1987-06-17 Republican Ronal Reagan 20.41 19.03 1.38 0.559 0.534 -0.025
1987-06-18 Republican Ronal Reagan 20.50 19.05 1.45 0.561 0.538 -0.023
1987-06-19 Republican Ronal Reagan 20.65 19.05 1.60 0.558 0.535 -0.023
1987-06-22 Republican Ronal Reagan 20.49 19.10 1.39 0.545 0.521 -0.024
1987-06-23 Republican Ronal Reagan 19.95 18.90 1.05 0.544 0.524 -0.020
1987-06-24 Republican Ronal Reagan 20.13 18.75 1.38 0.547 0.524 -0.023
1987-06-25 Republican Ronal Reagan 20.15 18.70 1.45 0.545 0.523 -0.022
1987-06-26 Republican Ronal Reagan 20.34 19.08 1.26 0.562 0.540 -0.022
1987-06-29 Republican Ronal Reagan 20.38 19.15 1.23 0.559 0.540 -0.019
1987-06-30 Republican Ronal Reagan 20.22 19.08 1.14 0.555 0.536 -0.019
1987-07-01 Republican Ronal Reagan 20.47 18.98 1.49 0.553 0.539 -0.014
1987-07-02 Republican Ronal Reagan 20.61 19.25 1.36 0.556 0.541 -0.015
1987-07-06 Republican Ronal Reagan 20.92 19.48 1.44 0.559 0.546 -0.013
1987-07-07 Republican Ronal Reagan 20.76 19.50 1.26 0.553 0.541 -0.012
1987-07-08 Republican Ronal Reagan 20.94 19.48 1.46 0.554 0.542 -0.012
1987-07-09 Republican Ronal Reagan 21.32 19.68 1.64 0.557 0.548 -0.009
1987-07-10 Republican Ronal Reagan 21.34 19.73 1.61 0.558 0.546 -0.012
1987-07-13 Republican Ronal Reagan 21.38 19.83 1.55 0.551 0.539 -0.012
1987-07-14 Republican Ronal Reagan 21.65 19.88 1.77 0.558 0.549 -0.009
1987-07-15 Republican Ronal Reagan 22.23 20.28 1.95 0.567 0.554 -0.013
1987-07-16 Republican Ronal Reagan 22.44 20.40 2.04 0.565 0.559 -0.006
1987-07-17 Republican Ronal Reagan 22.44 20.63 1.81 0.571 0.564 -0.007
1987-07-20 Republican Ronal Reagan 22.23 20.55 1.68 0.571 0.562 -0.009
1987-07-21 Republican Ronal Reagan 21.75 20.35 1.40 0.556 0.560 0.004
1987-07-22 Republican Ronal Reagan 21.73 20.33 1.40 0.556 0.560 0.004
1987-07-23 Republican Ronal Reagan 21.23 20.15 1.08 0.555 0.557 0.002
1987-07-24 Republican Ronal Reagan 20.58 19.58 1.00 0.545 0.549 0.004
1987-07-27 Republican Ronal Reagan 20.50 19.30 1.20 0.544 0.554 0.010
1987-07-28 Republican Ronal Reagan 21.35 19.78 1.57 0.558 0.563 0.005
1987-07-29 Republican Ronal Reagan 21.49 19.98 1.51 0.557 0.564 0.007
1987-07-30 Republican Ronal Reagan 21.47 20.20 1.27 0.549 0.559 0.010
1987-07-31 Republican Ronal Reagan 21.43 20.03 1.40 0.544 0.549 0.005
1987-08-03 Republican Ronal Reagan 22.21 20.95 1.26 0.555 0.558 0.003
1987-08-04 Republican Ronal Reagan 21.82 20.65 1.17 0.557 0.540 -0.017
1987-08-05 Republican Ronal Reagan 21.37 19.80 1.57 0.548 0.556 0.008
1987-08-06 Republican Ronal Reagan 21.17 19.75 1.42 0.545 0.559 0.014
1987-08-07 Republican Ronal Reagan 21.01 19.65 1.36 0.544 0.559 0.015
1987-08-10 Republican Ronal Reagan 20.70 19.43 1.27 0.541 0.551 0.010
1987-08-11 Republican Ronal Reagan 21.07 19.45 1.62 0.546 0.556 0.010
1987-08-12 Republican Ronal Reagan 20.96 19.50 1.46 0.543 0.555 0.012
1987-08-13 Republican Ronal Reagan 20.76 19.40 1.36 0.539 0.542 0.003
1987-08-14 Republican Ronal Reagan 20.53 19.25 1.28 0.530 0.530 0.000
1987-08-17 Republican Ronal Reagan 19.85 18.85 1.00 0.515 0.516 0.001
1987-08-18 Republican Ronal Reagan 19.84 18.75 1.09 0.513 0.520 0.007
1987-08-19 Republican Ronal Reagan 19.71 18.50 1.21 0.506 0.521 0.015
1987-08-20 Republican Ronal Reagan 19.47 18.30 1.17 0.503 0.525 0.022
1987-08-21 Republican Ronal Reagan 19.20 18.10 1.10 0.496 0.516 0.020
1987-08-24 Republican Ronal Reagan 19.18 17.48 1.70 0.491 0.514 0.023
1987-08-25 Republican Ronal Reagan 19.30 17.55 1.75 0.489 0.485 -0.004
1987-08-26 Republican Ronal Reagan 19.49 18.10 1.39 0.507 0.514 0.007
1987-08-27 Republican Ronal Reagan 19.69 18.28 1.41 0.511 0.511 0.000
1987-08-28 Republican Ronal Reagan 19.44 18.20 1.24 0.504 0.504 0.000
1987-08-31 Republican Ronal Reagan 19.76 18.63 1.13 0.504 0.507 0.003
1987-09-01 Republican Ronal Reagan 19.61 18.43 1.18 0.494 0.503 0.009
1987-09-02 Republican Ronal Reagan 19.62 18.40 1.22 0.506 0.500 -0.006
1987-09-03 Republican Ronal Reagan 19.48 18.18 1.30 0.510 0.496 -0.014
1987-09-04 Republican Ronal Reagan 19.34 18.13 1.21 0.508 0.494 -0.014
1987-09-08 Republican Ronal Reagan 18.99 17.68 1.31 0.500 0.487 -0.013
1987-09-09 Republican Ronal Reagan 19.43 17.90 1.53 0.512 0.497 -0.015
1987-09-10 Republican Ronal Reagan 19.72 18.30 1.42 0.519 0.500 -0.019
1987-09-11 Republican Ronal Reagan 19.42 18.18 1.24 0.513 0.494 -0.019
1987-09-14 Republican Ronal Reagan 19.64 18.15 1.49 0.522 0.502 -0.020
1987-09-15 Republican Ronal Reagan 19.66 18.53 1.13 0.525 0.496 -0.029
1987-09-16 Republican Ronal Reagan 19.71 18.53 1.18 0.536 0.500 -0.036
1987-09-17 Republican Ronal Reagan 19.58 18.43 1.15 0.531 0.495 -0.036
1987-09-18 Republican Ronal Reagan 19.58 18.30 1.28 0.528 0.490 -0.038
1987-09-21 Republican Ronal Reagan 19.77 18.28 1.49 0.525 0.491 -0.034
1987-09-22 Republican Ronal Reagan 19.35 18.48 0.87 0.524 0.494 -0.030
1987-09-23 Republican Ronal Reagan 19.66 18.48 1.18 0.526 0.499 -0.027
1987-09-24 Republican Ronal Reagan 19.61 18.68 0.93 0.524 0.500 -0.024
1987-09-25 Republican Ronal Reagan 19.47 18.60 0.87 0.524 0.492 -0.032
1987-09-28 Republican Ronal Reagan 19.48 18.65 0.83 0.521 0.494 -0.027
1987-09-29 Republican Ronal Reagan 19.58 18.50 1.08 0.525 0.495 -0.030
1987-09-30 Republican Ronal Reagan 19.62 18.48 1.14 0.513 0.493 -0.020
1987-10-01 Republican Ronal Reagan 19.62 18.50 1.12 0.517 0.497 -0.020
1987-10-02 Republican Ronal Reagan 19.88 18.65 1.23 0.524 0.501 -0.023
1987-10-05 Republican Ronal Reagan 19.81 18.78 1.03 0.523 0.499 -0.024
1987-10-06 Republican Ronal Reagan 19.33 18.60 0.73 0.513 0.492 -0.021
1987-10-07 Republican Ronal Reagan 19.68 18.58 1.10 0.519 0.496 -0.023
1987-10-08 Republican Ronal Reagan 19.77 18.63 1.14 0.522 0.502 -0.020
1987-10-09 Republican Ronal Reagan 19.67 18.60 1.07 0.529 0.505 -0.024
1987-10-12 Republican Ronal Reagan 19.67 18.55 1.12 0.521 0.503 -0.018
1987-10-13 Republican Ronal Reagan 19.66 18.55 1.11 0.532 0.510 -0.022
1987-10-14 Republican Ronal Reagan 19.79 18.68 1.11 0.539 0.510 -0.029
1987-10-15 Republican Ronal Reagan 19.77 18.68 1.09 0.541 0.510 -0.031
1987-10-16 Republican Ronal Reagan 20.23 19.00 1.23 0.545 0.523 -0.022
1987-10-19 Republican Ronal Reagan 19.79 19.10 0.69 0.539 0.514 -0.025
1987-10-20 Republican Ronal Reagan 19.79 18.78 1.01 0.547 0.517 -0.030
1987-10-21 Republican Ronal Reagan 19.93 18.93 1.00 0.556 0.521 -0.035
1987-10-22 Republican Ronal Reagan 20.19 19.13 1.06 0.566 0.526 -0.040
1987-10-23 Republican Ronal Reagan 20.18 18.98 1.20 0.581 0.526 -0.055
1987-10-26 Republican Ronal Reagan 20.00 18.75 1.25 0.568 0.511 -0.057
1987-10-27 Republican Ronal Reagan 20.15 18.80 1.35 0.574 0.519 -0.055
1987-10-28 Republican Ronal Reagan 20.10 18.85 1.25 0.554 0.515 -0.039
1987-10-29 Republican Ronal Reagan 19.93 18.75 1.18 0.551 0.513 -0.038
1987-10-30 Republican Ronal Reagan 19.96 18.80 1.16 0.541 0.513 -0.028
1987-11-02 Republican Ronal Reagan 19.64 18.63 1.01 0.531 0.503 -0.028
1987-11-03 Republican Ronal Reagan 19.39 18.38 1.01 0.534 0.514 -0.020
1987-11-04 Republican Ronal Reagan 19.09 17.93 1.16 0.530 0.508 -0.022
1987-11-05 Republican Ronal Reagan 19.02 17.85 1.17 0.528 0.505 -0.023
1987-11-06 Republican Ronal Reagan 18.73 17.95 0.78 0.529 0.506 -0.023
1987-11-09 Republican Ronal Reagan 18.66 17.50 1.16 0.522 0.510 -0.012
1987-11-10 Republican Ronal Reagan 18.98 17.75 1.23 0.529 0.511 -0.018
1987-11-11 Republican Ronal Reagan 18.92 17.80 1.12 0.527 0.509 -0.018
1987-11-12 Republican Ronal Reagan 18.93 17.85 1.08 0.526 0.508 -0.018
1987-11-13 Republican Ronal Reagan 18.89 17.80 1.09 0.519 0.505 -0.014
1987-11-16 Republican Ronal Reagan 18.69 17.68 1.01 0.510 0.492 -0.018
1987-11-17 Republican Ronal Reagan 18.28 17.40 0.88 0.501 0.482 -0.019
1987-11-18 Republican Ronal Reagan 18.62 17.18 1.44 0.508 0.489 -0.019
1987-11-19 Republican Ronal Reagan 18.55 17.48 1.07 0.503 0.485 -0.018
1987-11-20 Republican Ronal Reagan 18.87 17.60 1.27 0.506 0.489 -0.017
1987-11-23 Republican Ronal Reagan 19.31 17.90 1.41 0.506 0.484 -0.022
1987-11-24 Republican Ronal Reagan 18.73 17.83 0.90 0.507 0.485 -0.022
1987-11-25 Republican Ronal Reagan 18.63 17.68 0.95 0.503 0.486 -0.017
1987-11-27 Republican Ronal Reagan 18.63 17.78 0.85 0.503 0.486 -0.017
1987-11-30 Republican Ronal Reagan 18.52 17.70 0.82 0.496 0.477 -0.019
1987-12-01 Republican Ronal Reagan 18.44 17.65 0.79 0.490 0.473 -0.017
1987-12-02 Republican Ronal Reagan 18.59 17.70 0.89 0.492 0.467 -0.025
1987-12-03 Republican Ronal Reagan 18.87 17.93 0.94 0.493 0.469 -0.024
1987-12-04 Republican Ronal Reagan 18.68 18.00 0.68 0.488 0.465 -0.023
1987-12-07 Republican Ronal Reagan 18.30 17.78 0.52 0.480 0.453 -0.027
1987-12-08 Republican Ronal Reagan 18.06 17.58 0.48 0.470 0.447 -0.023
1987-12-09 Republican Ronal Reagan 18.53 17.43 1.10 0.474 0.451 -0.023
1987-12-10 Republican Ronal Reagan 18.51 17.55 0.96 0.474 0.450 -0.024
1987-12-11 Republican Ronal Reagan 18.31 17.73 0.58 0.474 0.452 -0.022
1987-12-14 Republican Ronal Reagan 17.47 16.80 0.67 0.455 0.434 -0.021
1987-12-15 Republican Ronal Reagan 16.75 16.20 0.55 0.440 0.417 -0.023
1987-12-16 Republican Ronal Reagan 15.97 15.93 0.04 0.423 0.403 -0.020
1987-12-17 Republican Ronal Reagan 15.97 15.03 0.94 0.423 0.401 -0.022
1987-12-18 Republican Ronal Reagan 15.57 15.60 -0.03 0.419 0.399 -0.020
1987-12-21 Republican Ronal Reagan 15.12 15.40 -0.28 0.422 0.402 -0.020
1987-12-22 Republican Ronal Reagan 16.60 16.70 -0.10 0.449 0.425 -0.024
1987-12-23 Republican Ronal Reagan 16.64 17.25 -0.61 0.442 0.417 -0.025
1987-12-24 Republican Ronal Reagan 16.54 17.10 -0.56 0.442 0.416 -0.026
1987-12-28 Republican Ronal Reagan 16.46 17.00 -0.54 0.433 0.415 -0.018
1987-12-29 Republican Ronal Reagan 16.95 17.38 -0.43 0.441 0.421 -0.020
1987-12-30 Republican Ronal Reagan 16.97 17.85 -0.88 0.439 0.419 -0.020
1987-12-31 Republican Ronal Reagan 16.74 17.60 -0.86 0.439 0.419 -0.020
1988-01-04 Republican Ronal Reagan 17.77 17.95 -0.18 0.464 0.443 -0.021
1988-01-05 Republican Ronal Reagan 17.89 17.08 0.81 0.461 0.440 -0.021
1988-01-06 Republican Ronal Reagan 17.73 17.90 -0.17 0.464 0.443 -0.021
1988-01-08 Republican Ronal Reagan 17.33 16.88 0.45 0.454 0.433 -0.021
1988-01-11 Republican Ronal Reagan 16.63 16.65 -0.02 0.439 0.421 -0.018
1988-01-12 Republican Ronal Reagan 16.76 15.95 0.81 0.434 0.416 -0.018
1988-01-13 Republican Ronal Reagan 16.56 16.38 0.18 0.434 0.416 -0.018
1988-01-14 Republican Ronal Reagan 17.10 16.55 0.55 0.449 0.431 -0.018
1988-01-15 Republican Ronal Reagan 16.92 16.65 0.27 0.447 0.427 -0.020
1988-01-18 Republican Ronal Reagan 17.28 16.83 0.45 0.457 0.438 -0.019
1988-01-19 Republican Ronal Reagan 17.30 17.10 0.20 0.457 0.437 -0.020
1988-01-20 Republican Ronal Reagan 17.20 16.83 0.37 0.451 0.436 -0.015
1988-01-21 Republican Ronal Reagan 17.21 17.08 0.13 0.444 0.429 -0.015
1988-01-22 Republican Ronal Reagan 16.99 16.70 0.29 0.439 0.424 -0.015
1988-01-25 Republican Ronal Reagan 17.11 16.45 0.66 0.445 0.437 -0.008
1988-01-27 Republican Ronal Reagan 16.64 16.13 0.51 0.437 0.432 -0.005
1988-01-28 Republican Ronal Reagan 16.94 16.10 0.84 0.448 0.443 -0.005
1988-01-29 Republican Ronal Reagan 16.97 16.28 0.69 0.448 0.443 -0.005
1988-02-01 Republican Ronal Reagan 16.83 16.10 0.73 0.451 0.450 -0.001
1988-02-02 Republican Ronal Reagan 16.92 16.18 0.74 0.466 0.453 -0.013
1988-02-03 Republican Ronal Reagan 17.12 16.15 0.97 0.475 0.460 -0.015
1988-02-04 Republican Ronal Reagan 17.17 16.18 0.99 0.477 0.460 -0.017
1988-02-05 Republican Ronal Reagan 17.34 16.10 1.24 0.474 0.464 -0.010
1988-02-08 Republican Ronal Reagan 17.70 16.50 1.20 0.480 0.461 -0.019
1988-02-09 Republican Ronal Reagan 17.38 16.40 0.98 0.463 0.453 -0.010
1988-02-11 Republican Ronal Reagan 17.17 16.10 1.07 0.457 0.450 -0.007
1988-02-12 Republican Ronal Reagan 16.84 15.75 1.09 0.455 0.447 -0.008
1988-02-16 Republican Ronal Reagan 16.80 15.63 1.17 0.461 0.451 -0.010
1988-02-17 Republican Ronal Reagan 16.62 15.85 0.77 0.460 0.450 -0.010
1988-02-18 Republican Ronal Reagan 16.50 15.48 1.02 0.450 0.442 -0.008
1988-02-19 Republican Ronal Reagan 16.73 15.55 1.18 0.458 0.458 0.000
1988-02-22 Republican Ronal Reagan 16.64 15.38 1.26 0.453 0.448 -0.005
1988-02-23 Republican Ronal Reagan 16.80 15.58 1.22 0.466 0.456 -0.010
1988-02-24 Republican Ronal Reagan 16.58 15.35 1.23 0.458 0.450 -0.008
1988-02-25 Republican Ronal Reagan 15.86 14.85 1.01 0.448 0.441 -0.007
1988-02-26 Republican Ronal Reagan 15.77 14.65 1.12 0.448 0.440 -0.008
1988-02-29 Republican Ronal Reagan 15.98 14.73 1.25 0.452 0.445 -0.007
1988-03-01 Republican Ronal Reagan 15.57 14.18 1.39 0.448 0.435 -0.013
1988-03-02 Republican Ronal Reagan 15.69 13.80 1.89 0.444 0.433 -0.011
1988-03-03 Republican Ronal Reagan 15.35 14.00 1.35 0.441 0.428 -0.013
1988-03-04 Republican Ronal Reagan 15.63 14.00 1.63 0.441 0.429 -0.012
1988-03-07 Republican Ronal Reagan 15.35 13.90 1.45 0.427 0.426 -0.001
1988-03-08 Republican Ronal Reagan 15.58 13.80 1.78 0.426 0.439 0.013
1988-03-09 Republican Ronal Reagan 15.52 13.98 1.54 0.428 0.430 0.002
1988-03-10 Republican Ronal Reagan 16.04 14.48 1.56 0.442 0.443 0.001
1988-03-11 Republican Ronal Reagan 16.20 14.88 1.32 0.447 0.447 0.000
1988-03-14 Republican Ronal Reagan 15.57 14.28 1.29 0.434 0.435 0.001
1988-03-15 Republican Ronal Reagan 15.81 14.30 1.51 0.446 0.450 0.004
1988-03-16 Republican Ronal Reagan 16.03 14.45 1.58 0.445 0.450 0.005
1988-03-17 Republican Ronal Reagan 16.39 14.43 1.96 0.449 0.458 0.009
1988-03-18 Republican Ronal Reagan 16.61 14.93 1.68 0.451 0.463 0.012
1988-03-21 Republican Ronal Reagan 16.52 15.38 1.14 0.452 0.465 0.013
1988-03-22 Republican Ronal Reagan 16.02 15.03 0.99 0.456 0.467 0.011
1988-03-23 Republican Ronal Reagan 16.58 15.40 1.18 0.466 0.479 0.013
1988-03-24 Republican Ronal Reagan 16.73 15.65 1.08 0.467 0.480 0.013
1988-03-25 Republican Ronal Reagan 17.07 15.45 1.62 0.473 0.486 0.013
1988-03-28 Republican Ronal Reagan 17.05 15.55 1.50 0.473 0.484 0.011
1988-03-29 Republican Ronal Reagan 17.08 15.60 1.48 0.483 0.493 0.010
1988-03-30 Republican Ronal Reagan 17.06 15.70 1.36 0.481 0.490 0.009
1988-03-31 Republican Ronal Reagan 17.09 15.65 1.44 0.480 0.484 0.004
1988-04-05 Republican Ronal Reagan 16.72 15.50 1.22 0.473 0.476 0.003
1988-04-06 Republican Ronal Reagan 16.80 15.38 1.42 0.473 0.478 0.005
1988-04-07 Republican Ronal Reagan 17.05 15.53 1.52 0.480 0.487 0.007
1988-04-08 Republican Ronal Reagan 16.87 15.55 1.32 0.484 0.491 0.007
1988-04-11 Republican Ronal Reagan 17.87 16.20 1.67 0.506 0.511 0.005
1988-04-12 Republican Ronal Reagan 18.06 16.48 1.58 0.519 0.517 -0.002
1988-04-13 Republican Ronal Reagan 18.12 16.55 1.57 0.523 0.525 0.002
1988-04-14 Republican Ronal Reagan 18.40 16.65 1.75 0.520 0.525 0.005
1988-04-15 Republican Ronal Reagan 18.32 16.85 1.47 0.522 0.527 0.005
1988-04-18 Republican Ronal Reagan 18.50 17.45 1.05 0.529 0.531 0.002
1988-04-19 Republican Ronal Reagan 17.92 17.05 0.87 0.513 0.520 0.007
1988-04-20 Republican Ronal Reagan 17.93 16.78 1.15 0.508 0.515 0.007
1988-04-21 Republican Ronal Reagan 18.34 17.00 1.34 0.519 0.524 0.005
1988-04-22 Republican Ronal Reagan 18.13 17.15 0.98 0.517 0.523 0.006
1988-04-25 Republican Ronal Reagan 18.36 17.13 1.23 0.511 0.520 0.009
1988-04-26 Republican Ronal Reagan 18.54 17.18 1.36 0.523 0.523 0.000
1988-04-27 Republican Ronal Reagan 18.32 17.40 0.92 0.516 0.521 0.005
1988-04-28 Republican Ronal Reagan 17.91 16.88 1.03 0.512 0.512 0.000
1988-04-29 Republican Ronal Reagan 18.10 16.60 1.50 0.511 0.511 0.000
1988-05-02 Republican Ronal Reagan 17.12 15.95 1.17 0.492 0.492 0.000
1988-05-03 Republican Ronal Reagan 17.30 16.08 1.22 0.503 0.499 -0.004
1988-05-04 Republican Ronal Reagan 17.23 16.15 1.08 0.497 0.486 -0.011
1988-05-05 Republican Ronal Reagan 17.41 16.15 1.26 0.510 0.510 0.000
1988-05-06 Republican Ronal Reagan 17.63 16.45 1.18 0.519 0.514 -0.005
1988-05-09 Republican Ronal Reagan 17.56 16.50 1.06 0.520 0.516 -0.004
1988-05-10 Republican Ronal Reagan 17.50 16.38 1.12 0.526 0.520 -0.006
1988-05-11 Republican Ronal Reagan 17.48 16.48 1.00 0.529 0.521 -0.008
1988-05-12 Republican Ronal Reagan 17.49 16.40 1.09 0.529 0.515 -0.014
1988-05-13 Republican Ronal Reagan 17.53 16.50 1.03 0.530 0.520 -0.010
1988-05-16 Republican Ronal Reagan 17.70 16.60 1.10 0.534 0.521 -0.013
1988-05-17 Republican Ronal Reagan 17.72 16.60 1.12 0.531 0.514 -0.017
1988-05-18 Republican Ronal Reagan 17.39 16.40 0.99 0.530 0.511 -0.019
1988-05-19 Republican Ronal Reagan 17.43 16.25 1.18 0.531 0.511 -0.020
1988-05-20 Republican Ronal Reagan 17.41 16.45 0.96 0.530 0.514 -0.016
1988-05-23 Republican Ronal Reagan 17.01 16.23 0.78 0.520 0.501 -0.019
1988-05-24 Republican Ronal Reagan 17.04 16.30 0.74 0.521 0.502 -0.019
1988-05-25 Republican Ronal Reagan 17.39 16.18 1.21 0.523 0.504 -0.019
1988-05-26 Republican Ronal Reagan 17.54 16.18 1.36 0.530 0.507 -0.023
1988-05-27 Republican Ronal Reagan 17.45 16.25 1.20 0.532 0.511 -0.021
1988-05-31 Republican Ronal Reagan 17.54 16.20 1.34 0.534 0.519 -0.015
1988-06-01 Republican Ronal Reagan 17.60 16.33 1.27 0.529 0.506 -0.023
1988-06-02 Republican Ronal Reagan 17.67 16.33 1.34 0.526 0.504 -0.022
1988-06-03 Republican Ronal Reagan 17.51 16.45 1.06 0.516 0.495 -0.021
1988-06-06 Republican Ronal Reagan 17.28 16.25 1.03 0.509 0.484 -0.025
1988-06-07 Republican Ronal Reagan 17.32 16.23 1.09 0.511 0.486 -0.025
1988-06-08 Republican Ronal Reagan 17.35 16.28 1.07 0.515 0.490 -0.025
1988-06-09 Republican Ronal Reagan 17.09 16.30 0.79 0.513 0.489 -0.024
1988-06-10 Republican Ronal Reagan 16.70 15.85 0.85 0.508 0.483 -0.025
1988-06-13 Republican Ronal Reagan 16.43 15.53 0.90 0.501 0.479 -0.022
1988-06-14 Republican Ronal Reagan 16.85 15.85 1.00 0.513 0.494 -0.019
1988-06-15 Republican Ronal Reagan 16.56 15.70 0.86 0.506 0.491 -0.015
1988-06-16 Republican Ronal Reagan 16.62 15.43 1.19 0.516 0.496 -0.020
1988-06-17 Republican Ronal Reagan 16.43 15.48 0.95 0.514 0.494 -0.020
1988-06-20 Republican Ronal Reagan 16.02 15.00 1.02 0.509 0.489 -0.020
1988-06-21 Republican Ronal Reagan 15.82 15.00 0.82 0.512 0.494 -0.018
1988-06-22 Republican Ronal Reagan 16.03 15.13 0.90 0.520 0.499 -0.021
1988-06-23 Republican Ronal Reagan 15.86 15.18 0.68 0.526 0.505 -0.021
1988-06-24 Republican Ronal Reagan 16.03 15.15 0.88 0.521 0.508 -0.013
1988-06-27 Republican Ronal Reagan 15.86 14.93 0.93 0.523 0.509 -0.014
1988-06-28 Republican Ronal Reagan 16.01 14.83 1.18 0.537 0.524 -0.013
1988-06-29 Republican Ronal Reagan 15.37 14.55 0.82 0.535 0.536 0.001
1988-06-30 Republican Ronal Reagan 15.20 14.18 1.02 0.529 0.499 -0.030
1988-07-01 Republican Ronal Reagan 14.92 13.95 0.97 0.524 0.514 -0.010
1988-07-05 Republican Ronal Reagan 15.11 13.98 1.13 0.539 0.522 -0.017
1988-07-06 Republican Ronal Reagan 15.44 14.50 0.94 0.554 0.529 -0.025
1988-07-07 Republican Ronal Reagan 15.83 15.50 0.33 0.582 0.570 -0.012
1988-07-08 Republican Ronal Reagan 15.42 15.05 0.37 0.591 0.570 -0.021
1988-07-11 Republican Ronal Reagan 14.56 14.63 -0.07 0.579 0.573 -0.006
1988-07-12 Republican Ronal Reagan 14.61 14.00 0.61 0.594 0.594 0.000
1988-07-13 Republican Ronal Reagan 14.35 14.10 0.25 0.584 0.584 0.000
1988-07-14 Republican Ronal Reagan 14.84 14.10 0.74 0.564 0.594 0.030
1988-07-15 Republican Ronal Reagan 14.85 14.25 0.60 0.555 0.581 0.026
1988-07-18 Republican Ronal Reagan 15.84 15.00 0.84 0.567 0.572 0.005
1988-07-19 Republican Ronal Reagan 15.16 14.93 0.23 0.557 0.557 0.000
1988-07-20 Republican Ronal Reagan 15.76 15.48 0.28 0.560 0.560 0.000
1988-07-21 Republican Ronal Reagan 16.28 15.63 0.65 0.571 0.567 -0.004
1988-07-22 Republican Ronal Reagan 16.27 15.83 0.44 0.552 0.566 0.014
1988-07-25 Republican Ronal Reagan 16.09 15.80 0.29 0.544 0.555 0.011
1988-07-26 Republican Ronal Reagan 15.99 15.38 0.61 0.523 0.536 0.013
1988-07-27 Republican Ronal Reagan 16.18 15.45 0.73 0.512 0.536 0.024
1988-07-28 Republican Ronal Reagan 16.08 15.70 0.38 0.519 0.549 0.030
1988-07-29 Republican Ronal Reagan 16.37 15.75 0.62 0.516 0.521 0.005
1988-08-01 Republican Ronal Reagan 16.07 15.60 0.47 0.521 0.515 -0.006
1988-08-02 Republican Ronal Reagan 15.57 15.35 0.22 0.510 0.505 -0.005
1988-08-03 Republican Ronal Reagan 15.20 15.00 0.20 0.481 0.484 0.003
1988-08-04 Republican Ronal Reagan 15.12 14.50 0.62 0.476 0.482 0.006
1988-08-05 Republican Ronal Reagan 15.31 14.85 0.46 0.479 0.486 0.007
1988-08-08 Republican Ronal Reagan 15.84 15.48 0.36 0.476 0.493 0.017
1988-08-09 Republican Ronal Reagan 15.56 15.40 0.16 0.478 0.478 0.000
1988-08-10 Republican Ronal Reagan 15.65 15.10 0.55 0.477 0.479 0.002
1988-08-11 Republican Ronal Reagan 15.75 15.13 0.62 0.484 0.484 0.000
1988-08-12 Republican Ronal Reagan 15.54 14.98 0.56 0.467 0.480 0.013
1988-08-15 Republican Ronal Reagan 15.59 14.80 0.79 0.478 0.487 0.009
1988-08-16 Republican Ronal Reagan 15.51 14.85 0.66 0.475 0.485 0.010
1988-08-17 Republican Ronal Reagan 15.46 14.75 0.71 0.480 0.488 0.008
1988-08-18 Republican Ronal Reagan 15.59 14.78 0.81 0.486 0.494 0.008
1988-08-19 Republican Ronal Reagan 15.77 14.85 0.92 0.490 0.497 0.007
1988-08-22 Republican Ronal Reagan 15.75 15.03 0.72 0.484 0.485 0.001
1988-08-23 Republican Ronal Reagan 15.71 14.80 0.91 0.482 0.480 -0.002
1988-08-24 Republican Ronal Reagan 15.55 14.85 0.70 0.484 0.474 -0.010
1988-08-25 Republican Ronal Reagan 15.33 14.63 0.70 0.473 0.462 -0.011
1988-08-26 Republican Ronal Reagan 15.35 14.50 0.85 0.476 0.465 -0.011
1988-08-29 Republican Ronal Reagan 15.24 14.48 0.76 0.481 0.462 -0.019
1988-08-30 Republican Ronal Reagan 15.39 14.45 0.94 0.491 0.466 -0.025
1988-08-31 Republican Ronal Reagan 15.19 14.40 0.79 0.470 0.452 -0.018
1988-09-01 Republican Ronal Reagan 15.05 14.15 0.90 0.476 0.456 -0.020
1988-09-02 Republican Ronal Reagan 14.79 14.00 0.79 0.469 0.449 -0.020
1988-09-06 Republican Ronal Reagan 14.25 13.35 0.90 0.449 0.449 0.000
1988-09-07 Republican Ronal Reagan 14.29 13.18 1.11 0.449 0.432 -0.017
1988-09-08 Republican Ronal Reagan 14.51 13.30 1.21 0.450 0.439 -0.011
1988-09-09 Republican Ronal Reagan 14.14 13.25 0.89 0.441 0.429 -0.012
1988-09-12 Republican Ronal Reagan 14.48 12.70 1.78 0.446 0.435 -0.011
1988-09-13 Republican Ronal Reagan 14.55 13.40 1.15 0.457 0.474 0.017
1988-09-14 Republican Ronal Reagan 15.38 13.90 1.48 0.489 0.521 0.032
1988-09-15 Republican Ronal Reagan 14.86 13.50 1.36 0.475 0.490 0.015
1988-09-16 Republican Ronal Reagan 14.50 13.23 1.27 0.459 0.469 0.010
1988-09-19 Republican Ronal Reagan 14.72 12.85 1.87 0.460 0.464 0.004
1988-09-20 Republican Ronal Reagan 15.08 13.15 1.93 0.469 0.473 0.004
1988-09-22 Republican Ronal Reagan 15.25 13.20 2.05 0.475 0.486 0.011
1988-09-23 Republican Ronal Reagan 14.26 13.20 1.06 0.464 0.484 0.020
1988-09-26 Republican Ronal Reagan 14.16 13.10 1.06 0.466 0.484 0.018
1988-09-27 Republican Ronal Reagan 14.22 12.58 1.64 0.470 0.494 0.024
1988-09-28 Republican Ronal Reagan 14.07 12.75 1.32 0.473 0.496 0.023
1988-09-29 Republican Ronal Reagan 13.91 12.50 1.41 0.480 0.489 0.009
1988-09-30 Republican Ronal Reagan 13.33 11.93 1.40 0.494 0.481 -0.013
1988-10-03 Republican Ronal Reagan 13.03 11.60 1.43 0.475 0.471 -0.004
1988-10-04 Republican Ronal Reagan 13.03 11.65 1.38 0.465 0.442 -0.023
1988-10-05 Republican Ronal Reagan 12.58 11.20 1.38 0.444 0.424 -0.020
1988-10-06 Republican Ronal Reagan 12.62 11.30 1.32 0.444 0.426 -0.018
1988-10-07 Republican Ronal Reagan 12.99 11.35 1.64 0.450 0.433 -0.017
1988-10-10 Republican Ronal Reagan 13.59 12.20 1.39 0.468 0.445 -0.023
1988-10-11 Republican Ronal Reagan 13.63 12.35 1.28 0.467 0.434 -0.033
1988-10-12 Republican Ronal Reagan 14.02 12.45 1.57 0.475 0.458 -0.017
1988-10-13 Republican Ronal Reagan 14.26 12.55 1.71 0.490 0.470 -0.020
1988-10-14 Republican Ronal Reagan 14.90 13.20 1.70 0.503 0.481 -0.022
1988-10-17 Republican Ronal Reagan 15.16 13.55 1.61 0.509 0.486 -0.023
1988-10-18 Republican Ronal Reagan 14.63 12.90 1.73 0.510 0.493 -0.017
1988-10-19 Republican Ronal Reagan 15.33 13.35 1.98 0.536 0.521 -0.015
1988-10-20 Republican Ronal Reagan 14.44 13.50 0.94 0.542 0.532 -0.010
1988-10-21 Republican Ronal Reagan 14.22 13.48 0.74 0.581 0.559 -0.022
1988-10-24 Republican Ronal Reagan 12.94 12.20 0.74 0.569 0.539 -0.030
1988-10-25 Republican Ronal Reagan 13.36 12.08 1.28 0.581 0.564 -0.017
1988-10-26 Republican Ronal Reagan 13.45 12.08 1.37 0.566 0.583 0.017
1988-10-27 Republican Ronal Reagan 13.67 12.33 1.34 0.556 0.591 0.035
1988-10-28 Republican Ronal Reagan 13.79 12.60 1.19 0.561 0.599 0.038
1988-10-31 Republican Ronal Reagan 13.54 12.60 0.94 0.544 0.512 -0.032
1988-11-01 Republican Ronal Reagan 13.52 12.18 1.34 0.507 0.472 -0.035
1988-11-02 Republican Ronal Reagan 13.78 12.35 1.43 0.506 0.489 -0.017
1988-11-03 Republican Ronal Reagan 13.89 12.50 1.39 0.531 0.499 -0.032
1988-11-04 Republican Ronal Reagan 14.04 12.75 1.29 0.545 0.512 -0.033
1988-11-07 Republican Ronal Reagan 14.08 12.75 1.33 0.554 0.506 -0.048
1988-11-08 Republican Ronal Reagan 13.70 12.60 1.10 0.547 0.494 -0.053
1988-11-09 Republican Ronal Reagan 13.88 12.70 1.18 0.567 0.501 -0.066
1988-11-10 Republican Ronal Reagan 13.99 13.03 0.96 0.563 0.503 -0.060
1988-11-11 Republican Ronal Reagan 13.99 13.03 0.96 0.540 0.494 -0.046
1988-11-14 Republican Ronal Reagan 14.25 13.00 1.25 0.555 0.508 -0.047
1988-11-15 Republican Ronal Reagan 14.03 13.00 1.03 0.544 0.494 -0.050
1988-11-16 Republican Ronal Reagan 13.68 12.70 0.98 0.531 0.486 -0.045
1988-11-17 Republican Ronal Reagan 13.30 12.05 1.25 0.510 0.478 -0.032
1988-11-18 Republican Ronal Reagan 13.47 12.08 1.39 0.505 0.458 -0.047
1988-11-21 Republican Ronal Reagan 13.73 12.13 1.60 0.487 0.437 -0.050
1988-11-22 Republican Ronal Reagan 14.78 13.35 1.43 0.485 0.438 -0.047
1988-11-23 Republican Ronal Reagan 14.11 13.33 0.78 0.484 0.431 -0.053
1988-11-25 Republican Ronal Reagan 15.43 14.70 0.73 0.504 0.451 -0.053
1988-11-28 Republican Ronal Reagan 14.93 14.73 0.20 0.491 0.436 -0.055
1988-11-29 Republican Ronal Reagan 15.00 14.25 0.75 0.478 0.434 -0.044
1988-11-30 Republican Ronal Reagan 15.42 14.35 1.07 0.499 0.449 -0.050
1988-12-01 Republican Ronal Reagan 15.63 14.93 0.70 0.499 0.456 -0.043
1988-12-02 Republican Ronal Reagan 15.69 14.80 0.89 0.495 0.452 -0.043
1988-12-05 Republican Ronal Reagan 15.36 14.73 0.63 0.474 0.439 -0.035
1988-12-06 Republican Ronal Reagan 15.51 14.40 1.11 0.464 0.429 -0.035
1988-12-07 Republican Ronal Reagan 15.80 14.70 1.10 0.464 0.429 -0.035
1988-12-08 Republican Ronal Reagan 15.48 15.05 0.43 0.459 0.434 -0.025
1988-12-09 Republican Ronal Reagan 15.90 14.90 1.00 0.471 0.439 -0.032
1988-12-12 Republican Ronal Reagan 16.08 15.20 0.88 0.469 0.436 -0.033
1988-12-13 Republican Ronal Reagan 15.93 15.18 0.75 0.450 0.423 -0.027
1988-12-14 Republican Ronal Reagan 16.33 15.35 0.98 0.461 0.429 -0.032
1988-12-15 Republican Ronal Reagan 16.39 15.58 0.81 0.450 0.416 -0.034
1988-12-16 Republican Ronal Reagan 16.81 15.60 1.21 0.463 0.430 -0.033
1988-12-19 Republican Ronal Reagan 16.24 15.30 0.94 0.465 0.430 -0.035
1988-12-20 Republican Ronal Reagan 17.68 15.28 2.40 0.471 0.436 -0.035
1988-12-21 Republican Ronal Reagan 17.27 15.33 1.94 0.469 0.431 -0.038
1988-12-22 Republican Ronal Reagan 17.36 15.25 2.11 0.476 0.439 -0.037
1988-12-23 Republican Ronal Reagan 16.63 15.38 1.25 0.480 0.443 -0.037
1988-12-27 Republican Ronal Reagan 16.98 16.25 0.73 0.486 0.455 -0.031
1988-12-28 Republican Ronal Reagan 17.03 16.10 0.93 0.483 0.452 -0.031
1988-12-29 Republican Ronal Reagan 16.81 15.90 0.91 0.479 0.444 -0.035
1988-12-30 Republican Ronal Reagan 17.12 16.23 0.89 0.488 0.454 -0.034
1989-01-03 Republican Ronal Reagan 17.38 16.40 0.98 0.484 0.456 -0.028
1989-01-04 Republican Ronal Reagan 16.99 16.53 0.46 0.480 0.457 -0.023
1989-01-05 Republican Ronal Reagan 17.45 16.58 0.87 0.483 0.464 -0.019
1989-01-06 Republican Ronal Reagan 17.56 16.85 0.71 0.487 0.472 -0.015
1989-01-09 Republican Ronal Reagan 17.74 17.00 0.74 0.490 0.475 -0.015
1989-01-10 Republican Ronal Reagan 17.80 16.75 1.05 0.495 0.483 -0.012
1989-01-11 Republican Ronal Reagan 18.16 16.90 1.26 0.496 0.486 -0.010
1989-01-12 Republican Ronal Reagan 18.11 16.85 1.26 0.501 0.492 -0.009
1989-01-13 Republican Ronal Reagan 18.49 17.40 1.09 0.506 0.496 -0.010
1989-01-16 Republican Ronal Reagan 18.88 17.50 1.38 0.510 0.506 -0.004
1989-01-17 Republican Ronal Reagan 19.03 17.78 1.25 0.510 0.507 -0.003
1989-01-18 Republican Ronal Reagan 19.20 17.95 1.25 0.526 0.521 -0.005
1989-01-19 Republican Ronal Reagan 19.28 18.10 1.18 0.527 0.520 -0.007
1989-01-20 Republican George HW Bush 18.85 18.15 0.70 0.523 0.516 -0.007
1989-01-23 Republican George HW Bush 17.66 16.98 0.68 0.500 0.494 -0.006
1989-01-24 Republican George HW Bush 17.96 17.05 0.91 0.509 0.504 -0.005
1989-01-25 Republican George HW Bush 18.23 17.70 0.53 0.525 0.515 -0.010
1989-01-26 Republican George HW Bush 17.68 17.73 -0.05 0.504 0.499 -0.005
1989-01-27 Republican George HW Bush 17.74 17.18 0.56 0.494 0.496 0.002
1989-01-30 Republican George HW Bush 17.32 16.85 0.47 0.490 0.489 -0.001
1989-01-31 Republican George HW Bush 17.00 16.38 0.62 0.476 0.481 0.005
1989-02-01 Republican George HW Bush 17.50 16.40 1.10 0.495 0.498 0.003
1989-02-02 Republican George HW Bush 17.72 16.95 0.77 0.495 0.495 0.000
1989-02-03 Republican George HW Bush 17.51 16.75 0.76 0.490 0.490 0.000
1989-02-06 Republican George HW Bush 17.38 16.50 0.88 0.481 0.486 0.005
1989-02-07 Republican George HW Bush 17.55 16.60 0.95 0.480 0.489 0.009
1989-02-08 Republican George HW Bush 17.49 16.75 0.74 0.484 0.487 0.003
1989-02-09 Republican George HW Bush 17.42 16.58 0.84 0.469 0.482 0.013
1989-02-10 Republican George HW Bush 17.11 16.40 0.71 0.461 0.475 0.014
1989-02-13 Republican George HW Bush 17.61 16.50 1.11 0.468 0.480 0.012
1989-02-14 Republican George HW Bush 17.60 16.83 0.77 0.467 0.480 0.013
1989-02-15 Republican George HW Bush 18.23 16.75 1.48 0.471 0.489 0.018
1989-02-16 Republican George HW Bush 18.35 17.15 1.20 0.479 0.489 0.010
1989-02-17 Republican George HW Bush 18.60 17.15 1.45 0.476 0.486 0.010
1989-02-21 Republican George HW Bush 18.64 17.20 1.44 0.467 0.476 0.009
1989-02-22 Republican George HW Bush 18.50 16.95 1.55 0.479 0.484 0.005
1989-02-23 Republican George HW Bush 18.49 17.10 1.39 0.494 0.491 -0.003
1989-02-24 Republican George HW Bush 18.06 17.05 1.01 0.497 0.497 0.000
1989-02-27 Republican George HW Bush 18.16 17.55 0.61 0.505 0.496 -0.009
1989-02-28 Republican George HW Bush 18.21 17.23 0.98 0.508 0.506 -0.002
1989-03-01 Republican George HW Bush 18.30 17.25 1.05 0.504 0.506 0.002
1989-03-02 Republican George HW Bush 18.68 17.45 1.23 0.514 0.514 0.000
1989-03-03 Republican George HW Bush 18.67 17.73 0.94 0.506 0.511 0.005
1989-03-06 Republican George HW Bush 18.73 17.73 1.00 0.507 0.507 0.000
1989-03-07 Republican George HW Bush 18.12 17.55 0.57 0.502 0.502 0.000
1989-03-08 Republican George HW Bush 18.57 17.55 1.02 0.509 0.510 0.001
1989-03-09 Republican George HW Bush 18.53 17.80 0.73 0.510 0.509 -0.001
1989-03-10 Republican George HW Bush 18.53 17.63 0.90 0.511 0.511 0.000
1989-03-13 Republican George HW Bush 19.05 18.10 0.95 0.524 0.524 0.000
1989-03-14 Republican George HW Bush 19.47 18.63 0.84 0.533 0.532 -0.001
1989-03-15 Republican George HW Bush 19.84 19.08 0.76 0.551 0.551 0.000
1989-03-16 Republican George HW Bush 19.86 18.95 0.91 0.550 0.537 -0.013
1989-03-17 Republican George HW Bush 20.34 19.30 1.04 0.551 0.537 -0.014
1989-03-20 Republican George HW Bush 19.53 19.18 0.35 0.534 0.536 0.002
1989-03-21 Republican George HW Bush 20.08 19.63 0.45 0.547 0.547 0.000
1989-03-22 Republican George HW Bush 20.21 19.60 0.61 0.561 0.551 -0.010
1989-03-23 Republican George HW Bush 20.16 19.93 0.23 0.571 0.561 -0.010
1989-03-28 Republican George HW Bush 19.93 19.73 0.20 0.581 0.576 -0.005
1989-03-29 Republican George HW Bush 20.20 19.45 0.75 0.594 0.618 0.024
1989-03-30 Republican George HW Bush 21.03 20.00 1.03 0.631 0.651 0.020
1989-03-31 Republican George HW Bush 20.27 20.45 -0.18 0.654 0.666 0.012
1989-04-03 Republican George HW Bush 20.03 19.65 0.38 0.664 0.675 0.011
1989-04-04 Republican George HW Bush 20.59 19.90 0.69 0.694 0.696 0.002
1989-04-05 Republican George HW Bush 20.07 19.75 0.32 0.651 0.659 0.008
1989-04-06 Republican George HW Bush 19.85 19.08 0.77 0.636 0.636 0.000
1989-04-07 Republican George HW Bush 20.03 19.40 0.63 0.641 0.646 0.005
1989-04-10 Republican George HW Bush 20.65 19.60 1.05 0.672 0.660 -0.012
1989-04-11 Republican George HW Bush 20.56 19.95 0.61 0.694 0.686 -0.008
1989-04-12 Republican George HW Bush 20.66 19.85 0.81 0.695 0.675 -0.020
1989-04-13 Republican George HW Bush 20.26 19.95 0.31 0.682 0.647 -0.035
1989-04-14 Republican George HW Bush 20.68 19.63 1.05 0.694 0.654 -0.040
1989-04-17 Republican George HW Bush 21.23 19.88 1.35 0.715 0.680 -0.035
1989-04-18 Republican George HW Bush 21.74 20.20 1.54 0.735 0.700 -0.035
1989-04-19 Republican George HW Bush 22.66 21.50 1.16 0.728 0.703 -0.025
1989-04-20 Republican George HW Bush 24.62 22.25 2.37 0.732 0.708 -0.024
1989-04-21 Republican George HW Bush 23.38 21.60 1.78 0.731 0.708 -0.023
1989-04-24 Republican George HW Bush 20.64 21.20 -0.56 0.705 0.688 -0.017
1989-04-25 Republican George HW Bush 21.32 21.15 0.17 0.730 0.725 -0.005
1989-04-26 Republican George HW Bush 21.20 21.05 0.15 0.755 0.745 -0.010
1989-04-27 Republican George HW Bush 20.83 20.65 0.18 0.739 0.739 0.000
1989-04-28 Republican George HW Bush 20.38 20.15 0.23 0.701 0.706 0.005
1989-05-02 Republican George HW Bush 19.73 19.15 0.58 0.744 0.716 -0.028
1989-05-03 Republican George HW Bush 20.13 18.88 1.25 0.728 0.705 -0.023
1989-05-04 Republican George HW Bush 20.57 19.70 0.87 0.720 0.710 -0.010
1989-05-05 Republican George HW Bush 20.08 19.40 0.68 0.695 0.684 -0.011
1989-05-08 Republican George HW Bush 19.41 18.80 0.61 0.669 0.661 -0.008
1989-05-09 Republican George HW Bush 19.54 19.03 0.51 0.669 0.666 -0.003
1989-05-10 Republican George HW Bush 19.56 18.88 0.68 0.665 0.666 0.001
1989-05-11 Republican George HW Bush 20.13 19.30 0.83 0.687 0.679 -0.008
1989-05-12 Republican George HW Bush 20.12 19.20 0.92 0.684 0.679 -0.005
1989-05-15 Republican George HW Bush 20.53 19.20 1.33 0.670 0.667 -0.003
1989-05-16 Republican George HW Bush 20.58 19.80 0.78 0.659 0.657 -0.002
1989-05-17 Republican George HW Bush 20.15 18.58 1.57 0.637 0.637 0.000
1989-05-18 Republican George HW Bush 20.25 18.60 1.65 0.651 0.649 -0.002
1989-05-19 Republican George HW Bush 20.58 18.30 2.28 0.658 0.653 -0.005
1989-05-22 Republican George HW Bush 20.92 17.40 3.52 0.640 0.640 0.000

Cases

Cases are the daily price of WTI and Brent oil, together with categorical variables for the respective US Administration ruling party and president.

Total number of cases are shown below:

nrow(dtFinal)
## [1] 7858

Variables

Dependent Variable

Response variables are the price of Gasoline in the US in both the Gulf of Mexico and New York regions, they are both numerical.

Independent Variable

The independent variables are the price of WTI and Brent oil, both numerical, and the US administration’s ruling party and president, which are qualitative.

Type of study

This is an observational study.

Scope of inference - generalizability

The general population for this analysis are oil and gasoline prices past and future. We only have a sample of past data, but with this analysis we are trying to infer the effect on prices in the future and in the past which are not part of this data set, prior to 1987. This generalization assumes other factors or variables remain constant. For example the premise that one party supports international relations above the other might not hold true at all times. During major international conflicts such as World Wars or international embargoes such as OPEC in the early 1970’s, lines between party positions might be blurred. It is also possible that certain administration while holding true to their party lines in most issues, might depart from the party’s status quo position with respect to oil and energy policy. An example might be President’s Obama decision to lift oil export bans, which might seem as supporting the oil industry, while his Democratic party usually does not support the industry. On the Republican side, which usually supports oil and gas, an example is President’s Trump constant pressure on international oil producers to increase production, which hurts the oil industry.

Scope of inference - causality

This being an observational study, establishing causality would be very difficult. We can only determine if there is a relationship between our input and output data. That is, we can only conclude our analysis identifies a correlation between the prices of oil and gasoline and the administration in power. We can not conclude that a given administration causes a determined price of oil and gasoline.

Part 3 - Exploratory data analysis

#oil
describe(dtFinal$Diff_Oil)
##    vars    n  mean   sd median trimmed  mad    min   max range  skew
## X1    1 7858 -0.98 5.55    1.1    0.22 1.48 -29.59 22.18 51.77 -2.37
##    kurtosis   se
## X1     5.81 0.06
ggplot()+geom_line(data=dtFinal,aes(x=Date,y=WTI_Price),color="red")+geom_line(data=dtFinal,aes(x=Date,y=Brent_Price),color="blue")+geom_line(data=dtFinal,aes(x=Date,y=Diff_Oil),color="yellow")

hist(dtFinal$Diff_Oil,breaks=200)

qqnorm(dtFinal$Diff_Oil)
qqline(dtFinal$Diff_Oil)

#gasoline
describe(dtFinal$Diff_Gasoline)
##    vars    n  mean   sd median trimmed  mad   min  max range skew kurtosis
## X1    1 7858 -0.03 0.07  -0.02   -0.02 0.03 -0.64 1.65  2.29 4.16   116.35
##    se
## X1  0
ggplot()+geom_line(data=dtFinal,aes(x=Date,y=GOM_Gasoline_Price),color="red")+geom_line(data=dtFinal,aes(x=Date,y=NY_Gasoline_Price),color="blue")+geom_line(data=dtFinal,aes(x=Date,y=Diff_Gasoline),color="yellow")

hist(dtFinal$Diff_Gasoline,breaks=100,xlim=c(-0.5,0.5))

qqnorm(dtFinal$Diff_Gasoline)
qqline(dtFinal$Diff_Gasoline)

Part 4 - Data Analysis

Inference

1) Have different administrations supported US (WTI) or international (Brent) oil differently?

To answer this question we state the following hypothesis:

\(H_0\): The difference between WTI and Brent is the same regarless of the in power administration’s party.
Diff_oil\(_{Republican}\) = Diff_oil\(_{Any\_party}\)

\(H_a\): The difference between WTI and Brent is different when the administration’s party is Republican or Democrat.
Diff_oil\(_{Republican}\) \(\not=\) Diff_oil\(_{Any\_party}\)

To perform this analysis we start with the sample of oil price differences we already have from our exploratory analysis.

sample_diff_oil<-dtFinal$Diff_Oil

From this data we calculate the confidence interval. This will tell us what rage of values the population’s diff in oil prices mean will be. We use a 95% confidence interval, which corresponds to a z of ~1.96

z<--qnorm(0.025)
z
## [1] 1.959964

We canculate the mean and standard deviation for our sample

sample_mean<-mean(sample_diff_oil)
sample_mean
## [1] -0.9789654
sample_sd<-sd(sample_diff_oil)
sample_sd
## [1] 5.553912

We start by calculating the standard error for this sample:

SE = z * (sd / sqrt(n))

n<-length(sample_diff_oil)
n
## [1] 7858
SE<-z * (sample_sd / sqrt(n))
SE
## [1] 0.1227979

With the SE we calculate our confidence interval:

SE = (upper - sample_mean) / z
upper = sample_mean + SE * Z

upper<-sample_mean + SE * z
lower<-sample_mean - SE * z
confidence_interval<-c(lower,upper)
confidence_interval
## [1] -1.2196449 -0.7382859

With this interval, we can now test our null hypothesis agaisnt any given value of difference between the two oil benchmarks. We can therefore test our null agaisn the oil benchmark difference when the administration is Republican or Democrat.

Republican Administration

First build a sample of oil prices difference for Republican administrations

sample_diff_oil_republican<-subset(dtFinal,dtFinal$Party == "Republican")
#instead of taking all of the observations, we build a random sample of 1000 observations
sample_diff_oil_republican<-sample_n(sample_diff_oil_republican,1000)
head(sample_diff_oil_republican,n=100) %>% kable() %>% kable_styling() %>% scroll_box(width = "1000px", height = "400px")
Date Party President WTI_Price Brent_Price Diff_Oil NY_Gasoline_Price GOM_Gasoline_Price Diff_Gasoline
2003-10-07 Republican George W Bush 30.48 29.35 1.13 0.876 0.845 -0.031
1989-11-22 Republican George HW Bush 19.80 18.60 1.20 0.511 0.494 -0.017
1990-05-31 Republican George HW Bush 17.47 15.30 2.17 0.647 0.658 0.011
2008-09-16 Republican George W Bush 91.49 85.85 5.64 2.862 3.147 0.285
2017-10-16 Republican Donald Trump 51.86 57.49 -5.63 1.689 1.639 -0.050
1991-11-01 Republican George HW Bush 23.85 22.53 1.32 0.683 0.638 -0.045
2017-11-06 Republican Donald Trump 57.34 64.27 -6.93 1.928 1.851 -0.077
2017-03-08 Republican Donald Trump 49.83 53.30 -3.47 1.482 1.495 0.013
2008-01-09 Republican George W Bush 95.64 96.76 -1.12 2.401 2.373 -0.028
1991-07-04 Republican George HW Bush 20.69 18.48 2.21 0.632 0.613 -0.019
1992-07-30 Republican George HW Bush 21.82 20.48 1.34 0.610 0.584 -0.026
2001-12-04 Republican George W Bush 19.71 19.28 0.43 0.515 0.497 -0.018
2008-04-11 Republican George W Bush 110.14 107.15 2.99 2.705 2.720 0.015
2005-10-28 Republican George W Bush 61.30 59.47 1.83 1.570 1.555 -0.015
2007-08-01 Republican George W Bush 76.49 77.11 -0.62 2.010 1.979 -0.031
1991-12-23 Republican George HW Bush 18.58 17.60 0.98 0.535 0.499 -0.036
2018-05-02 Republican Donald Trump 67.91 73.14 -5.23 2.031 1.996 -0.035
1988-05-12 Republican Ronal Reagan 17.49 16.40 1.09 0.529 0.515 -0.014
1990-07-19 Republican George HW Bush 19.07 17.85 1.22 0.661 0.607 -0.054
2001-11-13 Republican George W Bush 21.56 20.47 1.09 0.552 0.538 -0.014
1987-08-04 Republican Ronal Reagan 21.82 20.65 1.17 0.557 0.540 -0.017
1988-07-29 Republican Ronal Reagan 16.37 15.75 0.62 0.516 0.521 0.005
1990-06-28 Republican George HW Bush 17.18 15.40 1.78 0.622 0.579 -0.043
2007-01-25 Republican George W Bush 53.49 55.67 -2.18 1.414 1.421 0.007
2004-07-14 Republican George W Bush 40.98 37.51 3.47 1.273 1.283 0.010
2002-01-15 Republican George W Bush 18.99 18.86 0.13 0.519 0.500 -0.019
2007-03-28 Republican George W Bush 64.11 66.15 -2.04 1.985 1.908 -0.077
2005-06-16 Republican George W Bush 56.48 54.30 2.18 1.523 1.533 0.010
1987-11-25 Republican Ronal Reagan 18.63 17.68 0.95 0.503 0.486 -0.017
1990-09-05 Republican George HW Bush 30.00 31.23 -1.23 1.030 0.951 -0.079
1988-04-21 Republican Ronal Reagan 18.34 17.00 1.34 0.519 0.524 0.005
2007-05-11 Republican George W Bush 62.35 65.18 -2.83 2.326 2.361 0.035
1992-08-19 Republican George HW Bush 21.33 19.80 1.53 0.623 0.600 -0.023
1989-11-20 Republican George HW Bush 20.13 18.80 1.33 0.513 0.501 -0.012
1987-07-23 Republican Ronal Reagan 21.23 20.15 1.08 0.555 0.557 0.002
2018-05-24 Republican Donald Trump 70.77 78.90 -8.13 2.178 2.143 -0.035
2002-03-27 Republican George W Bush 25.79 25.13 0.66 0.746 0.778 0.032
1992-08-14 Republican George HW Bush 21.31 19.88 1.43 0.620 0.597 -0.023
2018-06-20 Republican Donald Trump 65.92 74.25 -8.33 1.967 1.944 -0.023
2006-05-25 Republican George W Bush 70.92 68.51 2.41 2.008 1.998 -0.010
2003-10-09 Republican George W Bush 30.97 30.21 0.76 0.918 0.885 -0.033
2004-10-14 Republican George W Bush 54.69 51.31 3.38 1.420 1.395 -0.025
1990-08-31 Republican George HW Bush 27.45 27.80 -0.35 0.968 0.895 -0.073
2003-11-05 Republican George W Bush 30.29 27.90 2.39 0.831 0.799 -0.032
1989-08-07 Republican George HW Bush 17.91 16.05 1.86 0.503 0.484 -0.019
2004-10-27 Republican George W Bush 52.52 49.99 2.53 1.326 1.291 -0.035
2002-06-07 Republican George W Bush 24.72 22.99 1.73 0.708 0.709 0.001
2001-01-25 Republican George W Bush 31.61 26.94 4.67 0.840 0.863 0.023
2008-09-11 Republican George W Bush 100.95 96.01 4.94 2.914 4.254 1.340
2006-03-16 Republican George W Bush 63.46 62.07 1.39 1.827 1.914 0.087
2003-06-18 Republican George W Bush 30.28 26.43 3.85 0.770 0.792 0.022
2008-05-19 Republican George W Bush 127.15 122.19 4.96 3.115 3.133 0.018
1988-08-30 Republican Ronal Reagan 15.39 14.45 0.94 0.491 0.466 -0.025
2001-09-24 Republican George W Bush 21.46 20.63 0.83 0.637 0.603 -0.034
2004-05-12 Republican George W Bush 40.30 37.95 2.35 1.349 1.323 -0.026
2007-08-28 Republican George W Bush 71.79 69.66 2.13 2.051 1.990 -0.061
2003-04-07 Republican George W Bush 27.76 25.27 2.49 0.781 0.793 0.012
2005-09-19 Republican George W Bush 67.21 64.04 3.17 2.001 2.105 0.104
2007-10-15 Republican George W Bush 86.19 82.50 3.69 2.214 2.172 -0.042
1989-01-30 Republican George HW Bush 17.32 16.85 0.47 0.490 0.489 -0.001
2008-09-12 Republican George W Bush 101.19 94.37 6.82 3.263 4.873 1.610
2008-05-27 Republican George W Bush 128.81 128.92 -0.11 3.243 3.216 -0.027
1987-12-03 Republican Ronal Reagan 18.87 17.93 0.94 0.493 0.469 -0.024
1991-07-26 Republican George HW Bush 21.48 19.73 1.75 0.661 0.650 -0.011
1991-12-16 Republican George HW Bush 19.78 18.55 1.23 0.554 0.519 -0.035
2008-07-15 Republican George W Bush 138.68 136.02 2.66 3.237 3.237 0.000
1992-09-21 Republican George HW Bush 21.91 20.15 1.76 0.593 0.571 -0.022
1989-05-02 Republican George HW Bush 19.73 19.15 0.58 0.744 0.716 -0.028
2008-02-06 Republican George W Bush 87.16 88.73 -1.57 2.167 2.192 0.025
1991-11-11 Republican George HW Bush 22.66 21.45 1.21 0.640 0.615 -0.025
1990-05-21 Republican George HW Bush 18.26 16.65 1.61 0.649 0.655 0.006
2008-02-08 Republican George W Bush 91.77 91.45 0.32 2.289 2.307 0.018
2001-07-18 Republican George W Bush 24.65 23.10 1.55 0.651 0.684 0.033
2017-05-24 Republican Donald Trump 50.99 53.29 -2.30 1.617 1.592 -0.025
2006-09-08 Republican George W Bush 66.30 64.30 2.00 1.625 1.611 -0.014
2003-12-04 Republican George W Bush 31.24 29.25 1.99 0.868 0.820 -0.048
1987-05-28 Republican Ronal Reagan 19.28 18.60 0.68 0.551 0.529 -0.022
2003-11-04 Republican George W Bush 28.86 27.32 1.54 0.819 0.767 -0.052
1989-07-05 Republican George HW Bush 20.98 18.75 2.23 0.594 0.557 -0.037
2003-04-08 Republican George W Bush 27.97 24.88 3.09 0.788 0.797 0.009
2001-12-11 Republican George W Bush 18.04 17.61 0.43 0.469 0.441 -0.028
1992-05-27 Republican George HW Bush 22.00 20.80 1.20 0.647 0.642 -0.005
1990-01-11 Republican George HW Bush 23.15 21.88 1.27 0.678 0.680 0.002
2018-03-06 Republican Donald Trump 62.54 65.67 -3.13 1.793 1.758 -0.035
1989-11-02 Republican George HW Bush 20.01 19.20 0.81 0.516 0.516 0.000
1989-09-21 Republican George HW Bush 19.69 17.85 1.84 0.631 0.614 -0.017
2007-10-23 Republican George W Bush 86.45 82.31 4.14 2.122 2.098 -0.024
2008-04-02 Republican George W Bush 104.83 98.85 5.98 2.589 2.696 0.107
1989-07-17 Republican George HW Bush 20.49 18.05 2.44 0.582 0.552 -0.030
1990-12-07 Republican George HW Bush 26.61 28.30 -1.69 0.668 0.632 -0.036
2006-11-13 Republican George W Bush 58.59 56.88 1.71 1.549 1.534 -0.015
1992-04-27 Republican George HW Bush 20.31 18.90 1.41 0.607 0.610 0.003
2017-03-07 Republican Donald Trump 52.68 54.61 -1.93 1.494 1.524 0.030
2017-11-03 Republican Donald Trump 55.63 61.42 -5.79 1.879 1.804 -0.075
2002-04-03 Republican George W Bush 27.55 26.72 0.83 0.764 0.807 0.043
2018-10-17 Republican Donald Trump 69.63 79.91 -10.28 2.008 1.943 -0.065
2006-04-27 Republican George W Bush 70.76 71.79 -1.03 2.065 2.082 0.017
2018-07-30 Republican Donald Trump 71.19 74.99 -3.80 2.132 2.095 -0.037
2006-05-16 Republican George W Bush 69.40 68.66 0.74 1.990 1.988 -0.002
2018-10-19 Republican Donald Trump 69.16 80.38 -11.22 1.991 1.908 -0.083
sample_diff_oil_republican<-sample_diff_oil_republican$Diff_Oil
mean_republican<-mean(sample_diff_oil_republican)
mean_republican
## [1] 0.69523

Now we compare the Republican mean to the confidence interval. If it is within the interval, then we can not reject the mean and conclude the difference in bench mark oil indices is not different under a Republican administration. If it is outside the interval, then we reject the null hypothesis and conclude there is evidence that the difference in oil indices is different under a Republican administration.

if (mean_republican<confidence_interval[1] || mean_republican>confidence_interval[2]) {
  print("We reject the null, there is evidence that oil indices are different under a Republican administration")
} else {
  print("We can not reject the null, there is no evidence that oil indices are different under a Republican administration")
}
## [1] "We reject the null, there is evidence that oil indices are different under a Republican administration"

The analysis shows there is a difference between oil indices under a Republican administration. In fact if we observe that the mean is higher than the upper limit of the confidence interval, we can say there is evidence that WTI is higher than Brent under a Republican administration.

Democrat Administration

As before, first build a sample of oil prices difference for Republican administrations

sample_diff_oil_democrat<-subset(dtFinal,dtFinal$Party == "Democrat")
#instead of taking all of the observations, we build a random sample of 1000 observations
sample_diff_oil_democrat<-sample_n(sample_diff_oil_democrat,1000)
head(sample_diff_oil_democrat,n=100) %>% kable() %>% kable_styling() %>% scroll_box(width = "1000px", height = "400px")
Date Party President WTI_Price Brent_Price Diff_Oil NY_Gasoline_Price GOM_Gasoline_Price Diff_Gasoline
2015-01-29 Democrat Barrak Obama 44.12 46.61 -2.49 1.378 1.358 -0.020
2011-12-20 Democrat Barrak Obama 97.16 107.80 -10.64 2.615 2.533 -0.082
2010-11-03 Democrat Barrak Obama 84.45 85.33 -0.88 2.165 2.082 -0.083
2015-07-22 Democrat Barrak Obama 49.27 56.36 -7.09 1.803 1.795 -0.008
1996-11-07 Democrat Bill Clinton 22.80 21.75 1.05 0.667 0.662 -0.005
1993-02-17 Democrat Bill Clinton 19.30 17.93 1.37 0.493 0.484 -0.009
2011-05-20 Democrat Barrak Obama 99.15 111.25 -12.10 2.862 2.815 -0.047
1999-04-01 Democrat Bill Clinton 16.65 14.60 2.05 0.519 0.504 -0.015
2009-02-09 Democrat Barrak Obama 39.58 47.23 -7.65 1.289 1.269 -0.020
1997-02-06 Democrat Bill Clinton 23.05 21.86 1.19 0.634 0.633 -0.001
2014-10-27 Democrat Barrak Obama 81.26 85.64 -4.38 2.287 2.030 -0.257
1997-07-28 Democrat Bill Clinton 19.67 18.76 0.91 0.611 0.611 0.000
2014-04-22 Democrat Barrak Obama 101.69 108.54 -6.85 3.015 2.850 -0.165
1995-05-08 Democrat Bill Clinton 20.32 18.78 1.54 0.657 0.627 -0.030
2011-08-01 Democrat Barrak Obama 94.98 116.37 -21.39 3.050 2.963 -0.087
2016-07-26 Democrat Barrak Obama 42.16 43.56 -1.40 1.343 1.343 0.000
2014-10-30 Democrat Barrak Obama 81.06 85.50 -4.44 2.300 2.055 -0.245
1993-04-14 Democrat Bill Clinton 20.38 18.73 1.65 0.593 0.598 0.005
2013-01-14 Democrat Barrak Obama 94.27 111.32 -17.05 2.765 2.610 -0.155
2010-08-30 Democrat Barrak Obama 74.69 76.05 -1.36 1.915 1.945 0.030
1997-03-13 Democrat Bill Clinton 20.65 19.30 1.35 0.609 0.605 -0.004
2013-01-29 Democrat Barrak Obama 97.62 115.22 -17.60 2.995 2.738 -0.257
1998-01-28 Democrat Bill Clinton 17.35 15.64 1.71 0.482 0.474 -0.008
2013-07-31 Democrat Barrak Obama 105.10 107.89 -2.79 2.996 2.908 -0.088
1995-03-31 Democrat Bill Clinton 19.18 17.98 1.20 0.512 0.539 0.027
2015-01-08 Democrat Barrak Obama 48.80 49.43 -0.63 1.370 1.200 -0.170
1993-12-17 Democrat Bill Clinton 13.98 13.85 0.13 0.383 0.372 -0.011
2014-01-28 Democrat Barrak Obama 97.49 109.10 -11.61 2.661 2.520 -0.141
2010-03-02 Democrat Barrak Obama 79.62 77.50 2.12 2.099 2.072 -0.027
1996-08-07 Democrat Bill Clinton 21.35 19.48 1.87 0.613 0.589 -0.024
2012-09-10 Democrat Barrak Obama 96.52 113.84 -17.32 3.427 3.137 -0.290
2015-03-23 Democrat Barrak Obama 47.40 53.82 -6.42 1.629 1.697 0.068
2000-10-27 Democrat Bill Clinton 32.78 31.31 1.47 0.997 0.863 -0.134
2016-06-30 Democrat Barrak Obama 48.27 48.05 0.22 1.430 1.447 0.017
2000-02-10 Democrat Bill Clinton 29.49 27.32 2.17 0.802 0.804 0.002
2015-01-27 Democrat Barrak Obama 45.84 46.55 -0.71 1.355 1.373 0.018
2010-10-08 Democrat Barrak Obama 82.66 83.88 -1.22 2.218 2.141 -0.077
2015-07-15 Democrat Barrak Obama 51.40 57.34 -5.94 1.808 1.786 -0.022
2016-10-07 Democrat Barrak Obama 49.76 50.49 -0.73 1.473 1.506 0.033
1995-05-26 Democrat Bill Clinton 18.70 17.80 0.90 0.636 0.584 -0.052
2010-07-16 Democrat Barrak Obama 75.96 75.55 0.41 1.972 1.960 -0.012
2000-06-15 Democrat Bill Clinton 32.70 29.77 2.93 1.006 0.994 -0.012
2015-12-31 Democrat Barrak Obama 37.13 36.61 0.52 1.284 1.154 -0.130
2009-03-30 Democrat Barrak Obama 48.49 49.05 -0.56 1.304 1.286 -0.018
2010-04-08 Democrat Barrak Obama 85.17 82.63 2.54 2.206 2.163 -0.043
2013-04-17 Democrat Barrak Obama 86.65 96.84 -10.19 2.659 2.662 0.003
2012-09-13 Democrat Barrak Obama 98.30 116.00 -17.70 3.205 3.033 -0.172
2000-01-27 Democrat Bill Clinton 27.22 26.91 0.31 0.718 0.704 -0.014
1995-08-25 Democrat Bill Clinton 19.91 16.15 3.76 0.555 0.498 -0.057
2012-06-06 Democrat Barrak Obama 85.05 101.14 -16.09 2.698 2.598 -0.100
2010-03-08 Democrat Barrak Obama 81.85 78.94 2.91 2.168 2.166 -0.002
2014-10-02 Democrat Barrak Obama 91.02 91.29 -0.27 2.642 2.534 -0.108
2012-09-27 Democrat Barrak Obama 91.89 111.45 -19.56 3.439 3.052 -0.387
1999-08-31 Democrat Bill Clinton 22.15 21.08 1.07 0.654 0.619 -0.035
1999-03-12 Democrat Bill Clinton 14.51 12.30 2.21 0.416 0.425 0.009
1993-03-16 Democrat Bill Clinton 20.04 18.55 1.49 0.535 0.555 0.020
2009-05-11 Democrat Barrak Obama 57.79 55.99 1.80 1.656 1.583 -0.073
1993-07-19 Democrat Bill Clinton 17.68 16.58 1.10 0.519 0.504 -0.015
2015-11-24 Democrat Barrak Obama 40.89 44.38 -3.49 1.389 1.214 -0.175
1995-03-17 Democrat Bill Clinton 18.27 16.55 1.72 0.507 0.490 -0.017
1994-06-09 Democrat Bill Clinton 18.67 16.13 2.54 0.513 0.509 -0.004
2014-10-21 Democrat Barrak Obama 83.25 85.17 -1.92 2.402 2.060 -0.342
2000-05-02 Democrat Bill Clinton 26.86 24.73 2.13 0.827 0.850 0.023
2016-12-29 Democrat Barrak Obama 53.80 54.97 -1.17 1.729 1.703 -0.026
2012-09-20 Democrat Barrak Obama 92.14 109.41 -17.27 3.140 2.958 -0.182
2016-05-12 Democrat Barrak Obama 46.64 46.43 0.21 1.548 1.413 -0.135
2011-06-16 Democrat Barrak Obama 94.95 114.69 -19.74 2.832 2.782 -0.050
1994-12-13 Democrat Bill Clinton 16.98 15.73 1.25 0.474 0.433 -0.041
1999-01-22 Democrat Bill Clinton 12.62 11.23 1.39 0.328 0.317 -0.011
1999-03-03 Democrat Bill Clinton 12.92 10.81 2.11 0.361 0.322 -0.039
2015-09-21 Democrat Barrak Obama 46.67 47.64 -0.97 1.454 1.360 -0.094
2000-08-01 Democrat Bill Clinton 27.85 25.24 2.61 0.873 0.800 -0.073
1994-07-13 Democrat Bill Clinton 20.14 18.25 1.89 0.539 0.540 0.001
2011-01-27 Democrat Barrak Obama 84.45 96.48 -12.03 2.394 2.316 -0.078
2013-04-22 Democrat Barrak Obama 88.81 99.07 -10.26 2.695 2.695 0.000
1993-11-11 Democrat Bill Clinton 16.91 15.18 1.73 0.443 0.429 -0.014
1997-06-16 Democrat Bill Clinton 19.10 17.15 1.95 0.554 0.549 -0.005
2012-05-16 Democrat Barrak Obama 92.78 109.80 -17.02 2.864 2.754 -0.110
1993-07-23 Democrat Bill Clinton 17.67 16.85 0.82 0.513 0.497 -0.016
1994-11-02 Democrat Bill Clinton 18.90 17.58 1.32 0.575 0.504 -0.071
1996-05-31 Democrat Bill Clinton 19.77 18.10 1.67 0.574 0.562 -0.012
1994-05-31 Democrat Bill Clinton 18.30 16.18 2.12 0.532 0.527 -0.005
2013-10-31 Democrat Barrak Obama 96.29 107.53 -11.24 2.640 2.412 -0.228
2014-05-27 Democrat Barrak Obama 104.78 109.81 -5.03 2.839 2.820 -0.019
1997-09-18 Democrat Bill Clinton 19.41 18.14 1.27 0.595 0.538 -0.057
1993-08-06 Democrat Bill Clinton 17.30 16.38 0.92 0.516 0.506 -0.010
2011-03-04 Democrat Barrak Obama 104.34 115.71 -11.37 2.887 2.887 0.000
2000-12-11 Democrat Bill Clinton 29.75 27.28 2.47 0.734 0.697 -0.037
1996-07-11 Democrat Bill Clinton 21.96 20.01 1.95 0.635 0.621 -0.014
1996-10-23 Democrat Bill Clinton 24.78 24.60 0.18 0.668 0.650 -0.018
2014-10-07 Democrat Barrak Obama 88.89 90.90 -2.01 2.560 2.348 -0.212
1994-12-02 Democrat Bill Clinton 17.00 16.35 0.65 0.419 0.402 -0.017
1994-03-18 Democrat Bill Clinton 14.88 14.05 0.83 0.447 0.465 0.018
1993-02-02 Democrat Bill Clinton 20.00 18.40 1.60 0.540 0.523 -0.017
2010-03-09 Democrat Barrak Obama 81.50 78.77 2.73 2.149 2.149 0.000
1995-11-15 Democrat Bill Clinton 17.92 16.73 1.19 0.476 0.449 -0.027
2016-08-02 Democrat Barrak Obama 39.50 40.00 -0.50 1.298 1.310 0.012
1995-01-30 Democrat Bill Clinton 18.20 16.68 1.52 0.493 0.479 -0.014
1998-01-26 Democrat Bill Clinton 16.96 14.79 2.17 0.475 0.451 -0.024
1997-09-09 Democrat Bill Clinton 19.50 18.18 1.32 0.625 0.593 -0.032
sample_diff_oil_democrat<-sample_diff_oil_democrat$Diff_Oil
mean_democrat<-mean(sample_diff_oil_democrat)
mean_democrat
## [1] -3.17719

Again we compare the Democratic mean to the confidence interval.

if (mean_democrat<confidence_interval[1] || mean_democrat>confidence_interval[2]) {
  print("We reject the null, there is evidence that oil indices are different under a Democrat administration")
} else {
  print("We can not reject the null, there is no evidence that oil indices are different under a Democrat administration")
}
## [1] "We reject the null, there is evidence that oil indices are different under a Democrat administration"

We gain see the result outside the confidence interval, so also for the Democrat Administrations, we reject the null hypothesis and conclude that there is evidence that the difference between WTI and Brent is different under a Democratic administration. Because the Democratic mean is below the interval, we can also say there is evidence that under a Democratic administration, WTI prices are lower than Brent.

Skew in sample_diff_oil

As can be seen the sample_diff_oil we has some strong left skew.

hist(sample_diff_oil,freq = FALSE,breaks=200)
x <- seq(-30,20, by = 0.1)
y <- dnorm(x,sample_mean,sample_sd)
lines(x = x, y = y, col = "blue")

Just for curiosity, the analysis was repeated but using parameters for a distribution which seems to fit the sample_diff_oil better in its center and ignores its left skew. Parameters were calculated by visual inspection. This does not represent proper statistical analysis, but is rather an exercise to see if the results would be different, and potentially to conclude the skew in our sample distribution is too large for the analysis to be valid.

sample_sd<-sd(sample_diff_oil)/5
sample_sd
## [1] 1.110782
sample_mean<-median(sample_diff_oil)
sample_mean
## [1] 1.1
hist(sample_diff_oil,freq = FALSE,breaks=200)
x <- seq(-30,20, by = 0.1)
y <- dnorm(x,sample_mean,sample_sd)
lines(x = x, y = y, col = "blue")

SE<-z * (sample_sd / sqrt(n))
SE
## [1] 0.02455959
upper<-sample_mean + SE * z
lower<-sample_mean - SE * z
confidence_interval<-c(lower,upper)
confidence_interval
## [1] 1.051864 1.148136

Republican Administration

if (mean_republican<confidence_interval[1] || mean_republican>confidence_interval[2]) {
  print("We reject the null, there is evidence that oil indices are different under a Republican administration")
} else {
  print("We can not reject the null, there is no evidence that oil indices are different under a Republican administration")
}
## [1] "We reject the null, there is evidence that oil indices are different under a Republican administration"

We again reject the null. But this time the difference for a Republican administrations falls below the interval.

Democrat Administration

if (mean_democrat<confidence_interval[1] || mean_democrat>confidence_interval[2]) {
  print("We reject the null, there is evidence that oil indices are different under a Democrat administration")
} else {
  print("We can not reject the null, there is no evidence that oil indices are different under a Democrat administration")
}
## [1] "We reject the null, there is evidence that oil indices are different under a Democrat administration"

Result is similar with the original sample_diff_oil distribution

The problem with using this distribution for our analysis is that it discounts most of the observations in the skew sample. Although we again reject the null for both administrations, they both fall under the interval, because most observation are below this empirical distribution we used. Analysis with this distribution doesn’t seem to be valid and is discarded.

Regression

2) Is US domestic (WTI) or imported (Brent) oil a better indicator of gasoline prices?

To answer this question we can do separate linear regression models for WTI and Brent. The model with the lowest R square.

GOM Gasoline vs Oil Indices

We build models agaisnt WTI and Brent oil prices and determine which index price better predicts this gasoline price. We start with a model of WTI vs GOM gasoline, theb Brent vs GOM gasoline, and using the R Square of each, determine which is a better predictor.

WTI_GOM_model<-lm(GOM_Gasoline_Price ~ WTI_Price,data = dtFinal)
plot(x=dtFinal$WTI_Price, y=dtFinal$GOM_Gasoline_Price)
abline(WTI_GOM_model)

summary(WTI_GOM_model)
## 
## Call:
## lm(formula = GOM_Gasoline_Price ~ WTI_Price, data = dtFinal)
## 
## Residuals:
##      Min       1Q   Median       3Q      Max 
## -0.58538 -0.07123 -0.02338  0.06247  2.08740 
## 
## Coefficients:
##              Estimate Std. Error t value Pr(>|t|)    
## (Intercept) 4.306e-02  3.153e-03   13.65   <2e-16 ***
## WTI_Price   2.710e-02  5.843e-05  463.89   <2e-16 ***
## ---
## Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1
## 
## Residual standard error: 0.1535 on 7856 degrees of freedom
## Multiple R-squared:  0.9648, Adjusted R-squared:  0.9648 
## F-statistic: 2.152e+05 on 1 and 7856 DF,  p-value: < 2.2e-16

We find this model to have a pretty high R square at 0.9648

Gasoline_Results<-data.frame(GOM_WTI=summary(WTI_GOM_model)$r.squared)

We also look at residuals to make sure the model is valid. As shown below the distribution histogram shows they are normal, the probability plot shows point close to the center line. The scattered plot should show constant variability with no patterns, but as seen below there for lower gasoline prices, points are closer together. At higher prices they widen with even some outliners with very high residuals at the higher gasoline prices. This does cast some doubt on the model. Further analysis might be required.

#normal distributions of residuals
hist(WTI_GOM_model$residuals)

#points close to the center line
qqnorm(WTI_GOM_model$residuals)
qqline(WTI_GOM_model$residuals)

#constant variability
plot(WTI_GOM_model$residuals ~ dtFinal$GOM_Gasoline_Price)
abline(h = 0, lty = 3)

A model of Brent vs GOM Gasoline prices is built analyzing in the same matter.

Brent_GOM_model<-lm(GOM_Gasoline_Price ~ Brent_Price,data = dtFinal)
plot(x=dtFinal$Brent_Price, y=dtFinal$GOM_Gasoline_Price)
abline(Brent_GOM_model)

summary(Brent_GOM_model)
## 
## Call:
## lm(formula = GOM_Gasoline_Price ~ Brent_Price, data = dtFinal)
## 
## Residuals:
##      Min       1Q   Median       3Q      Max 
## -0.49837 -0.06815 -0.02171  0.05320  2.43162 
## 
## Coefficients:
##              Estimate Std. Error t value Pr(>|t|)    
## (Intercept) 1.433e-01  2.593e-03   55.28   <2e-16 ***
## Brent_Price 2.435e-02  4.568e-05  533.12   <2e-16 ***
## ---
## Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1
## 
## Residual standard error: 0.1341 on 7856 degrees of freedom
## Multiple R-squared:  0.9731, Adjusted R-squared:  0.9731 
## F-statistic: 2.842e+05 on 1 and 7856 DF,  p-value: < 2.2e-16

We find this model to have a pretty high R square at 0.9731

Gasoline_Results$GOM_Brent<-summary(Brent_GOM_model)$r.squared

The residual analysis is similar to the previous model. Distribution and probability plots show a good model, but constant variability as seen in the scattered plot might require further review.

#normal distributions of residuals
hist(Brent_GOM_model$residuals)

#points close to the center line
qqnorm(Brent_GOM_model$residuals)
qqline(Brent_GOM_model$residuals)

#constant variability
plot(Brent_GOM_model$residuals ~ dtFinal$GOM_Gasoline_Price)
abline(h = 0, lty = 3)

GOM Gasoline predictor: With a higer Rsquare, we find Brent oil to be a better predictor of GOM Gasoline prices.

NY Gasoline vs Oil Indices

We follow the same analysis as we did for GOM Gasoline. First we build a model agasit WTI and then agaisnt Brent oil.

WTI_NY_model<-lm(NY_Gasoline_Price ~ WTI_Price,data = dtFinal)
plot(x=dtFinal$WTI_Price, y=dtFinal$NY_Gasoline_Price)
abline(WTI_NY_model)

summary(WTI_NY_model)
## 
## Call:
## lm(formula = NY_Gasoline_Price ~ WTI_Price, data = dtFinal)
## 
## Residuals:
##      Min       1Q   Median       3Q      Max 
## -0.68945 -0.06684 -0.02452  0.05825  1.32009 
## 
## Coefficients:
##              Estimate Std. Error t value Pr(>|t|)    
## (Intercept) 4.857e-02  3.138e-03   15.48   <2e-16 ***
## WTI_Price   2.763e-02  5.814e-05  475.24   <2e-16 ***
## ---
## Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1
## 
## Residual standard error: 0.1528 on 7856 degrees of freedom
## Multiple R-squared:  0.9664, Adjusted R-squared:  0.9664 
## F-statistic: 2.259e+05 on 1 and 7856 DF,  p-value: < 2.2e-16

We find this model to have a pretty high R square at 0.9664

Gasoline_Results$NY_WTI<-summary(WTI_NY_model)$r.squared

Our analysis of the residuals shows similar results as with the GOM models. Constant variability might need to be revisited.

#normal distributions of residuals
hist(WTI_NY_model$residuals)

#points close to the center line
qqnorm(WTI_NY_model$residuals)
qqline(WTI_NY_model$residuals)

#constant variability
plot(WTI_NY_model$residuals ~ dtFinal$NY_Gasoline_Price)
abline(h = 0, lty = 3)

Finaly we build a model agaisnt Brent oil.

Brent_NY_model<-lm(NY_Gasoline_Price ~ Brent_Price,data = dtFinal)
plot(x=dtFinal$Brent_Price, y=dtFinal$NY_Gasoline_Price)
abline(Brent_NY_model)

summary(Brent_NY_model)
## 
## Call:
## lm(formula = NY_Gasoline_Price ~ Brent_Price, data = dtFinal)
## 
## Residuals:
##      Min       1Q   Median       3Q      Max 
## -0.46879 -0.06434 -0.02141  0.04924  1.45409 
## 
## Coefficients:
##              Estimate Std. Error t value Pr(>|t|)    
## (Intercept) 1.470e-01  2.206e-03   66.63   <2e-16 ***
## Brent_Price 2.491e-02  3.886e-05  640.99   <2e-16 ***
## ---
## Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1
## 
## Residual standard error: 0.1141 on 7856 degrees of freedom
## Multiple R-squared:  0.9812, Adjusted R-squared:  0.9812 
## F-statistic: 4.109e+05 on 1 and 7856 DF,  p-value: < 2.2e-16

We find this model to have a pretty high R square at 0.9812

Gasoline_Results$NY_Brent<-summary(Brent_NY_model)$r.squared

Our analysis of the residuals shows similar results as with the GOM models. Constant variability might need to be revisited.

#normal distributions of residuals
hist(Brent_NY_model$residuals)

#points close to the center line
qqnorm(Brent_NY_model$residuals)
qqline(Brent_NY_model$residuals)

#constant variability
plot(Brent_NY_model$residuals ~ dtFinal$NY_Gasoline_Price)
abline(h = 0, lty = 3)

NY Gasoline predictor: With a higer Rsquare, we find Brent oil to be a better predictor of NY Gasoline prices.

Part 5 - Conclusion

1) Have different administrations supported US (WTI) or international (Brent) oil differently?

Our inference analysis suggest there is a difference between how both parties handle WTI and Brent oil prices, and thus their approach to international relations (as they relate to international oil prices). Republican adminstrations show to favor higher WTI prices, while Democratic administration favor higher Brent prices.

2) Is US domestic (WTI) or imported (Brent) oil a better indicator of gasoline prices?

Results for our Gasoline analysis is shown below.

Gasoline_Results %>% kable() %>% kable_styling() %>% scroll_box()
GOM_WTI GOM_Brent NY_WTI NY_Brent
0.9647792 0.9731023 0.9663851 0.9812382

Here we can see how for both Gasoline Indices Brent Oil prices are a better predictor. This is somewhat unexpected, as our premise was that NY Gasoline would better reflect domestic WTI prices. The analysis performed however suggest oil prices are better lined with international Brent Oil that to domestic WTI, regardless of where in the country gasoline is being produced and traded.

General Conclusion

The analysis suggest international relations are relevant to the prices of gasoline in our country. Brent oil is a good indicator of gasoline prices regardless of where it is produced and traded. Analysis also suggest one party’s position has resulted in different/lower Brent oil prices compared to the other. Administrations with the Republican party at the helm show statistically significant lower Brent oil prices. Since these oil prices have been found to correlate with gasoline prices very well, this party’s administrations show helping lower the cost of gasoline for Americans.

To keep in mind in this analysis, oil prices have a substantial lagging effect. Policies to either increase of decrease prices might have a lagging effect. Although small ups and downs are certainly seen in the short term, because of the industry’s capital intensive nature, changes in policy might not be reflected after several years. So policies in a Democratic administration might not be visible until the Republican administration is at the helm. Also the oil landscape is changing fast. Demand growth is decelerating rapidly, new forms of anergy are emerging, margins for oil companies is decreasing, and the US is now the worlds top producers. Infrastructure in the US is changing with new pipelines and transportation alternatives growing daily. It is becoming hard to really paint a picture of what the energy landscape will look like in a few years.

References

Laffer Associates Oil and Energy: Thirty-Five Years of Supply-Side Economics. Brian Domitrovic Pacific Research Institute for Public Policy, Dec 1, 2016

WTI vs. Brent Crude Oil: What is the Difference? Daniela Pylypczak-WasylyszynJun 24, 2015