Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the Northeast Census Region - Urban
APU010072511 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.42
Year-over-Year Change
-4.26%
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 Northeast Census Region of the United States. It is an important indicator for monitoring energy costs and consumer price 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 Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the Northeast Census Region - Urban trend provides data on the retail prices paid by urban consumers in the Northeast for heating oil, a crucial home energy source. This metric is closely watched by policymakers, analysts, and households.
Methodology
The data is collected through a monthly survey of fuel oil providers in the Northeast region.
Historical Context
This economic indicator is used to assess energy market conditions and the impact on household budgets.
Key Facts
- Fuel oil is a crucial heating source for many Northeast homes.
- Prices can fluctuate significantly based on global energy market conditions.
- Rising fuel oil costs impact household budgets and inflation measures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by urban consumers in the Northeast Census Region for fuel oil #2, a common home heating fuel.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of energy costs and consumer price inflation, especially for households in the Northeast where fuel oil is widely used for home heating.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of fuel oil providers in the Northeast region.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess energy market conditions and the impact on household budgets and broader inflation measures.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights on Northeast fuel oil prices.
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Citation
U.S. Federal Reserve, Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the Northeast Census Region - Urban (APU010072511), retrieved from FRED.