Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in the West South Central Census Division
APU037074715 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
-6.35%
Date Range
1/1/2018 - 6/1/2025
Summary
This trend measures the average price of unleaded midgrade gasoline per gallon in the West South Central Census Division, providing insights into consumer fuel costs and regional market dynamics.
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 Midgrade (Cost per Gallon/3.785 Liters) in the West South Central Census Division is a key economic indicator used by policymakers, analysts, and consumers to monitor changes in regional gasoline prices and their impact on household budgets and business operations.
Methodology
The data is collected through surveys of gasoline retailers in the West South Central region.
Historical Context
This trend is closely watched by the Federal Reserve and other institutions to assess inflationary pressures and consumer behavior.
Key Facts
- The West South Central region includes Arkansas, Louisiana, Oklahoma, and Texas.
- Gasoline prices can significantly impact household budgets and business operating costs.
- Midgrade gasoline is a blend of regular and premium fuel.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of unleaded midgrade gasoline per gallon in the West South Central Census Division, which includes Arkansas, Louisiana, Oklahoma, and Texas.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer spending and can significantly impact household budgets and business operating costs. This trend provides important insights into regional energy market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the West South Central region.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Federal Reserve and other institutions to assess inflationary pressures and consumer behavior, which informs policymaking decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly, but may be subject to minor delays due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in the West South Central Census Division (APU037074715), retrieved from FRED.