Revenue Per Passenger-Mile, All Railroads for United States
Cents, Annual, Not Seasonally Adjusted
A030CBUSA259NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.94
Year-over-Year Change
-36.02%
Date Range
1/1/1916 - 1/1/1935
Summary
The 'Cents, Annual, Not Seasonally Adjusted' trend measures the average annual cost of a barrel of crude oil in U.S. dollars. This economic indicator is closely watched by policymakers and market analysts to assess energy price dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the annual average price of a barrel of crude oil, calculated as the arithmetic mean of daily spot prices for West Texas Intermediate (WTI) crude oil. The price data is not seasonally adjusted, providing a raw measure of year-over-year changes in energy costs.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration.
Historical Context
Crude oil prices are a key input for economic and policy decisions regarding energy, inflation, and trade.
Key Facts
- Crude oil is a globally traded commodity with a major impact on energy and transportation costs.
- Prices fluctuate based on supply, demand, geopolitics, and other market factors.
- Oil price changes affect consumer spending, business investment, and government policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average annual price per barrel of West Texas Intermediate (WTI) crude oil in U.S. dollars.
Q: Why is this trend relevant for users or analysts?
A: Crude oil prices are a crucial indicator for assessing energy costs, inflation, and trade dynamics, making this trend highly relevant for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration, representing the arithmetic mean of daily spot prices for WTI crude oil.
Q: How is this trend used in economic policy?
A: Crude oil prices are a key input for policies related to energy, inflation, trade, and overall economic conditions, as they impact consumer spending, business investment, and government decisions.
Q: Are there update delays or limitations?
A: The data is published annually without seasonal adjustments, which may limit its use for short-term analysis but provides a clear year-over-year comparison.
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Citation
U.S. Federal Reserve, Cents, Annual, Not Seasonally Adjusted (A030CBUSA259NNBR), retrieved from FRED.