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Wyoming Insight Released Monday

State Senior Economist Jim Robinson

The latest edition of the Wyoming Insight is now available. The numbers show that through February, Fiscal year 2012 sales and use tax collections were $53.4 million (+11.7%) better than the same period year. Jim Robinson, senior economist with the State’s Economic Analysis Division says Natrona led all counties with $11.6 million more than a year ago while Sweetwater and Campbell followed close behind with $8.9 and $8.5 million more than last year, respectively.  Mining was the top performing industry collecting an additional $13.4 million.  The wholesale trade and retail trade sectors were next in line with $10.5 and $9.5 million better than last year, respectively.

Robinson says Natural gas prices continued to weaken in March where the Opal Hub price was averaging $2.10 per thousand cubic feet (mcf) for the month through the 22nd.  The February 2012 average price was $2.52 per mcf while the March 2011 price came in at $3.79 per mcf.  The West Texas Intermediate (WTI) price of crude oil broke through the century mark in March.  After reaching $98.95 per bbl. in February, the March average price of WTI leaped by almost $5.00 to $103.28 per bbl.

Robinson says Oil and gas jobs did not change in February, matching January’s number of 17,700.  By comparison, a year ago, this sub-sector of the mining industry was averaging 16,500 jobs.

 

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