Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in U.S. City Average
APU000072511 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.46
Year-over-Year Change
-3.16%
Date Range
11/1/1978 - 6/1/2025
Summary
This economic trend measures the average price of fuel oil #2 per gallon (3.785 liters) in the U.S. city average. It provides important data on 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 Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in U.S. City Average tracks the retail price of a common home heating and industrial fuel. This metric is used by economists, policymakers, and market analysts to understand energy price dynamics and their impact on households and businesses.
Methodology
The data is collected through surveys of fuel retailers by the U.S. Bureau of Labor Statistics.
Historical Context
Fuel oil prices influence consumer inflation, industrial production costs, and government energy policy decisions.
Key Facts
- Fuel oil is commonly used for home heating and industrial applications.
- Prices can fluctuate significantly due to global supply and demand dynamics.
- This metric is a component of the Consumer Price Index (CPI)
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fuel oil #2 per gallon (3.785 liters) in the U.S. city average.
Q: Why is this trend relevant for users or analysts?
A: Fuel oil prices are an important indicator of energy costs and consumer spending patterns, influencing inflation, industrial production, and energy policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Fuel oil prices are monitored by economists, policymakers, and market analysts to understand energy market dynamics and their impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, and may not capture rapid or localized price changes.
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Citation
U.S. Federal Reserve, Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in U.S. City Average (APU000072511), retrieved from FRED.