Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the South Census Region - Urban
APU030072511 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.68
Year-over-Year Change
-6.41%
Date Range
11/1/1978 - 6/1/2025
Summary
This economic trend measures the average price of fuel oil #2 per gallon (3.785 liters) in the South Census Region's urban areas. It provides valuable insights into energy costs and consumer spending patterns.
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: Fuel Oil #2 per Gallon (3.785 Liters) in the South Census Region - Urban is an important economic indicator that tracks the retail price of a key heating and transportation fuel. This data is used by policymakers, analysts, and consumers to understand energy market dynamics and their impact on household budgets.
Methodology
The data is collected through a monthly survey of fuel retailers in the South Census Region's urban areas.
Historical Context
This trend is closely monitored by the Federal Reserve and other institutions to assess inflationary pressures and consumer behavior.
Key Facts
- Fuel oil #2 is a common heating and transportation fuel.
- The South Census Region includes AL, AR, FL, GA, KY, LA, MS, NC, OK, SC, TN, TX, VA, and WV.
- Urban areas typically have higher energy costs than rural areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fuel oil #2 per gallon (3.785 liters) in the urban areas of the South Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into energy costs and consumer spending patterns, which are closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of fuel retailers in the South Census Region's urban areas.
Q: How is this trend used in economic policy?
A: This trend is closely tracked by the Federal Reserve and other institutions to assess inflationary pressures and consumer behavior.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a short delay from the reference period.
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Citation
U.S. Federal Reserve, Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the South Census Region - Urban (APU030072511), retrieved from FRED.