Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the West South Central Census Division
This dataset tracks average price: automotive diesel fuel (cost per gallon/3.785 liters) in the west south central census division over time.
Latest Value
3.03
Year-over-Year Change
-8.54%
Date Range
1/1/2018 - 6/1/2025
Summary
This trend measures the average price of automotive diesel fuel per gallon in the West South Central Census Division, which includes Arkansas, Louisiana, Oklahoma, and Texas. It provides important data on fuel costs for businesses and consumers in this key regional market.
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 of automotive diesel fuel is a crucial economic indicator, as diesel is a primary fuel for transportation, manufacturing, and other commercial activities. This data series tracks the average retail price per gallon in the West South Central region, offering insights into energy costs and broader economic conditions.
Methodology
The data is collected through surveys of fuel retailers by the U.S. Energy Information Administration.
Historical Context
Policymakers and analysts use this data to assess energy market dynamics and their impacts on regional and national economic performance.
Key Facts
- The West South Central region accounts for over 20% of U.S. diesel consumption.
- Diesel fuel prices can significantly impact operating costs for trucking, logistics, and manufacturing firms.
- Prices vary seasonally and are influenced by global crude oil markets, refining capacity, and regional supply and demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of automotive diesel fuel 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: Diesel fuel is a critical input for transportation, manufacturing, and other commercial activities, so this data provides important insights into regional energy costs and economic conditions.
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 data to assess energy market dynamics and their impacts on regional and national economic performance.
Q: Are there update delays or limitations?
A: This data is published weekly with minimal delays, providing timely insights into diesel fuel prices in the West South Central region.
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Citation
U.S. Federal Reserve, Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the West South Central Census Division (APU037074717), retrieved from FRED.