Wyoming Economist Calls November Economic Report ‘Pretty Solid’
Senior Wyoming State Economist Jim Robinson says the Wyoming Insight Report for November is ''pretty solid" overall.
The report was issued recently by the Wyoming Economic Analysis Division. Among the good news included in the report is a rebound in the price of natural gas at the Opal Hub as well as for crude oil.
Natural gas was up by $.35 in November compared to October, from $2.30 per Million British Thermal Units (MMBtu) to $2.65. Crude oil likewise increased in price, going from $53.98 per barrel to $57.01 in November.
Sales and use tax collection are also running ahead of this time last year, showing an increase of $18.6 million for the first four months of Fiscal Year 2020 compared to the same time in Fiscal Year 2019. The Fiscal Year runs from July 1 through June 30 of the following year.
You can hear the entire interview with Robinson in the video above.