Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the East North Central Census Division
APU023074717 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.47
Year-over-Year Change
-6.68%
Date Range
1/1/2018 - 6/1/2025
Summary
This trend measures the average price of automotive diesel fuel in the East North Central Census Division of the United States. It is an important indicator for transportation and logistics costs in the Midwest region.
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 East North Central Census Division tracks the retail price of diesel fuel, a key input for commercial and industrial transportation. This metric helps analysts and policymakers understand regional energy price dynamics and their economic impacts.
Methodology
The data is collected through surveys of fuel retailers by the U.S. Energy Information Administration.
Historical Context
Diesel fuel prices influence the operating costs of truck freight, rail, and other transportation modes, making this trend relevant for assessing regional economic conditions.
Key Facts
- Diesel is the primary fuel for commercial trucks, trains, and marine vessels.
- The East North Central region includes Illinois, Indiana, Michigan, Ohio, and Wisconsin.
- Diesel fuel accounts for over a quarter of total U.S. petroleum consumption.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of automotive diesel fuel in the East North Central Census Division of the United States.
Q: Why is this trend relevant for users or analysts?
A: Diesel fuel prices are a key input for transportation and logistics costs, making this metric important for understanding regional economic conditions and energy price dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys 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 trend to assess the impact of energy prices on transportation-dependent industries and the broader regional economy.
Q: Are there update delays or limitations?
A: The data is published weekly with a short lag, providing timely information on regional diesel fuel price trends.
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Citation
U.S. Federal Reserve, Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the East North Central Census Division (APU023074717), retrieved from FRED.