Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in the West South Central Census Division
APU037074716 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.55
Year-over-Year Change
-5.33%
Date Range
1/1/2018 - 6/1/2025
Summary
This economic trend measures the average price of unleaded premium gasoline per gallon in the West South Central Census Division of the United States. It is a key indicator for consumers, businesses, and policymakers tracking energy and transportation costs.
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 Premium trend represents the average price paid by consumers for unleaded premium gasoline in the West South Central region, which includes Arkansas, Louisiana, Oklahoma, and Texas. This data is used to analyze regional fuel price dynamics and assess the economic impact of changes in energy costs.
Methodology
The data is collected through surveys of gasoline retailers and service stations by the U.S. Energy Information Administration.
Historical Context
Gasoline prices are a major input for consumer spending, transportation, and supply chain costs, making this trend important for economic policy and market analysis.
Key Facts
- Gasoline prices reached a record high in the region in 2022.
- The West South Central division accounts for over 20% of U.S. gasoline consumption.
- Prices for unleaded premium fuel are typically higher than regular gasoline.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by consumers for unleaded premium gasoline per gallon in the West South Central Census Division of the United States.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key factor in consumer spending, transportation costs, and supply chain dynamics, making this a critical indicator for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers and service stations by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to understand regional fuel price dynamics and assess the economic impact of changes in energy costs on consumers and businesses.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in the West South Central Census Division (APU037074716), retrieved from FRED.