Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in the East North Central Census Division
This dataset tracks average price: gasoline, unleaded regular (cost per gallon/3.785 liters) in the east north central census division over time.
Latest Value
3.15
Year-over-Year Change
-11.32%
Date Range
1/1/2018 - 6/1/2025
Summary
This economic trend measures the average price of unleaded regular gasoline in the East North Central Census Division. It is a key indicator of consumer costs and an important factor in evaluating regional economic conditions.
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, Unleaded Regular (Cost per Gallon/3.785 Liters) in the East North Central Census Division tracks the average retail price paid by consumers for one gallon of unleaded regular gasoline in a specific geographic region. This metric is widely used by economists, policymakers, and analysts to assess inflationary pressures and the cost of living.
Methodology
The data is collected through surveys of gasoline retailers in the region by the U.S. Bureau of Labor Statistics.
Historical Context
This trend provides insight into energy costs that impact both consumer budgets and business operating expenses.
Key Facts
- Gasoline is a major household expense for most Americans.
- The East North Central region includes Illinois, Indiana, Michigan, Ohio, and Wisconsin.
- Gasoline prices are a key input for the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded regular gasoline per gallon in the East North Central Census Division, which includes several Midwest states.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a crucial component of consumer spending and a key driver of inflation, making this metric highly relevant for economists, policymakers, and the general public.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the region by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess inflationary pressures, consumer purchasing power, and the overall state of the regional economy.
Q: Are there update delays or limitations?
A: The data is released on a weekly basis, with a brief lag. There may be some variability in reporting across individual retailers.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in the East North Central Census Division (APU023074714), retrieved from FRED.