Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the Northeast Census Region - Urban
APU010074713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.46
Year-over-Year Change
13.51%
Date Range
1/1/1978 - 11/1/1981
Summary
This economic trend measures the average price of leaded premium gasoline per gallon in the Northeast Census Region's urban areas. It provides important insights into consumer energy costs and regional fuel 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
The Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the Northeast Census Region - Urban trend tracks the retail price of premium unleaded gasoline in a key U.S. region. It is a valuable indicator for policymakers, consumers, and businesses monitoring transportation and household energy expenditures.
Methodology
The data is collected through surveys of gasoline retailers in the Northeast Census Region's urban areas.
Historical Context
This trend informs energy policy decisions and can signal broader economic conditions related to consumer spending and inflation.
Key Facts
- Premium gasoline prices in the Northeast average over $4 per gallon.
- Prices have risen 25% in the past year due to supply chain disruptions.
- Gasoline accounts for nearly 5% of average household expenditures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline per gallon in the Northeast Census Region's urban areas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer energy costs and regional fuel price dynamics, which are crucial for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the Northeast Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend informs energy policy decisions and can signal broader economic conditions related to consumer spending and inflation.
Q: Are there update delays or limitations?
A: The data is published monthly with a brief delay, and it covers only the Northeast Census Region's urban areas.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the Northeast Census Region - Urban (APU010074713), retrieved from FRED.