- Wholesale gasoline prices continued to rise because Hurricane Katrina, and retail outlets in many states already were feeling a supply pinch and raising prices well above $3 a gallon, news services reported Thursday.
- The Department of Energy said that underground natural gas supplies were up 58 billion cubic feet last week to 2.633 trillion cubic feet. YoY supplies are down 2% . This before Katrina.
- The U.S. Minerals Management Service said today that 90% of oil production and 79% of natural gas production is still down in the Gulf of Mexico.
- Bloomberg.com is reporting that eight refineries are closed due to Hurricane Katrina and that it will may be a month or more before they are running again. Yesterday, the U.S. Department of Energy said that some refineries may not work again for several months.
- U.S. Jobless claims were up 3,000 to 320,000 last week.
- Personal spending jumped 1% in July as consumers continued to take advantage of automakers’ discounts, the Commerce Department reported Thursday.
- YoY average U.S. home prices climbed 13.43 percent to June.
- The Institute for Supply Management said Thursday that its manufacturing index slowed in August to 53.6 from 56.6 in July.
- U.S. Construction spending held steady at a $1.099 trillion annual rate in July, stemming four straight monthly declines, the Commerce Department said Thursday. Lumber was up it's $10 limit.
- Brazil's economy grew at 3.9 percent from a year earlier more than expected.
- The European Central Bank kept it’s key interest rate unchanged at 2.0% and lessened its growth estimates for the Euro zone from 1.4% to 1.3% in 2005 and from 2.0% to 1.8% in 2006.
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