Annual
This dataset tracks annual over time.
Latest Value
2.34
Year-over-Year Change
-23.49%
Date Range
1/1/1990 - 1/1/2024
Summary
The Annual trend measures the average price of regular gasoline in the U.S. Gulf Coast region over a 12-month period. This key energy price metric is closely watched by economists and policymakers for its impact on consumer spending and inflation.
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 trend for regular gasoline prices in the U.S. Gulf Coast provides a yearly average of this crucial transportation fuel cost. It reflects market dynamics and supply-demand conditions in one of the nation's major refining hubs.
Methodology
The data is collected through surveys of retail gasoline stations by the U.S. Energy Information Administration.
Historical Context
Gasoline prices are a significant factor in consumer cost-of-living and a leading indicator for broader economic trends.
Key Facts
- The U.S. Gulf Coast is home to approximately half the nation's refining capacity.
- Gasoline is the single largest component of U.S. household transportation expenditures.
- Fluctuations in gasoline prices can significantly impact consumer confidence and spending.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average price of regular gasoline in the U.S. Gulf Coast region over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key factor impacting consumer spending and broader economic conditions, making this trend closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail gasoline stations by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Fluctuations in gasoline prices, as reflected in this trend, can significantly impact consumer confidence, spending, and broader inflation measures, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The Annual trend is released with a short lag, providing a reliable yearly average but not real-time pricing data.
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Citation
U.S. Federal Reserve, Annual (AJFUELUSGULF), retrieved from FRED.