Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the West North Central Census Division
This dataset tracks average price: automotive diesel fuel (cost per gallon/3.785 liters) in the west north central census division over time.
Latest Value
3.22
Year-over-Year Change
-9.27%
Date Range
1/1/2018 - 6/1/2025
Summary
This trend measures the average price of automotive diesel fuel in the West North Central Census Division of the United States. It is a key economic indicator for monitoring energy costs and transportation-related 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: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the West North Central Census Division tracks the retail price paid by consumers for diesel fuel in this Midwest region. This data is used by policymakers, analysts, and businesses to understand regional energy market dynamics and their impact on transportation and logistics.
Methodology
The data is collected through a survey of retail fuel stations in the West North Central region.
Historical Context
This price trend is an important input for assessing the economic health of industries reliant on diesel-powered transportation.
Key Facts
- Diesel is a critical fuel for trucks, trains, and agricultural equipment.
- The West North Central region includes Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota.
- Diesel prices can significantly impact the operating costs of logistics-dependent industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of automotive diesel fuel in the West 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 industries reliant on transportation and logistics, so this regional price trend is important for monitoring economic conditions and cost pressures.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail fuel stations in the West North Central region.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this diesel price data to assess the economic health of transportation-dependent industries and the broader impact of energy costs on regional inflation.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, providing timely insight into regional diesel price trends.
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Citation
U.S. Federal Reserve, Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the West North Central Census Division (APU024074717), retrieved from FRED.