Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the New England Census Division
APU011074717 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.67
Year-over-Year Change
-9.77%
Date Range
1/1/2018 - 6/1/2025
Summary
This economic trend measures the average price of automotive diesel fuel in the New England Census Division. It is an important indicator for understanding regional energy costs and transportation-related economic activity.
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: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the New England Census Division tracks the average retail price paid by consumers for diesel fuel across the six-state New England region. This metric is closely watched by policymakers, logistics firms, and other stakeholders to gauge the cost pressures facing diesel-powered transportation and industries.
Methodology
The data is collected through a monthly survey of fuel retailers by the U.S. Energy Information Administration.
Historical Context
Trends in diesel fuel prices can impact the profitability and competitiveness of industries reliant on trucking and other diesel-powered transportation.
Key Facts
- Diesel is a key input for trucking, rail, and other logistics industries.
- Prices can fluctuate due to global oil markets, refinery capacity, and seasonal demand.
- The New England region accounts for about 5% of total U.S. diesel consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for automotive diesel fuel in the six-state New England Census Division.
Q: Why is this trend relevant for users or analysts?
A: Diesel fuel prices are a key indicator of energy costs for transportation and logistics industries, which are important drivers of regional economic activity.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of fuel retailers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the cost pressures facing diesel-powered industries and inform decisions around transportation, energy, and economic development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may not capture short-term price fluctuations.
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Citation
U.S. Federal Reserve, Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the New England Census Division (APU011074717), retrieved from FRED.