Ultra-Low-Sulfur No. 2 Diesel Fuel Prices: Los Angeles
Annual
ADFUELLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.45
Year-over-Year Change
-21.31%
Date Range
1/1/2001 - 1/1/2024
Summary
The Annual Fuel Price Index tracks changes in the average price of automotive fuels in the United States. This metric is a key indicator of energy costs and consumer spending patterns.
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
The Annual Fuel Price Index measures the annual average price of a basket of automotive fuels, including gasoline, diesel, and alternative fuels. It provides insight into broader energy market dynamics and the economic pressures facing consumers and businesses.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration based on nationwide surveys of fuel prices.
Historical Context
The Annual Fuel Price Index is closely monitored by policymakers, industry analysts, and consumers to understand inflationary pressures and the state of the transportation sector.
Key Facts
- The index has a base year of 2015 = 100.
- Fuel prices reached a high in 2022 due to global supply chain disruptions.
- Falling fuel prices can boost consumer discretionary spending in other areas.
FAQs
Q: What does this economic trend measure?
A: The Annual Fuel Price Index tracks the average price of automotive fuels, including gasoline, diesel, and alternative fuels, across the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of energy costs and consumer spending patterns, providing insight into broader economic dynamics and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration based on nationwide surveys of fuel prices.
Q: How is this trend used in economic policy?
A: The Annual Fuel Price Index is closely monitored by policymakers, industry analysts, and consumers to understand the state of the transportation sector and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published annually, with a delay of several months, and may not capture all regional or seasonal variations in fuel prices.
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Citation
U.S. Energy Information Administration, Annual Fuel Price Index (ADFUELLA), retrieved from FRED.