Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in the West Census Region - Urban
APU040074712 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.02
Year-over-Year Change
1.19%
Date Range
1/1/1978 - 4/1/1991
Summary
This economic trend measures the average price of leaded regular gasoline per gallon in the West Census Region of the United States. It is a key indicator for monitoring consumer fuel costs and energy price 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: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in the West Census Region - Urban trend tracks the retail price of a standard unit of leaded regular gasoline in urban areas of the Western United States. This data helps analysts and policymakers understand regional consumer energy expenditures and the impact of fuel prices on household budgets.
Methodology
The data is collected through surveys of gasoline retailers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts closely monitor this and other gasoline price indicators to assess the broader state of consumer inflation and energy market conditions.
Key Facts
- Gasoline is a major household expense for most consumers.
- Leaded regular gasoline remains common in some regions.
- The West Census Region includes 13 states from the Pacific to the Rockies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded regular gasoline per gallon in urban areas of the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This data helps economists and policymakers understand regional consumer energy expenditures and the impact of fuel prices on household budgets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this and other gasoline price indicators to assess the broader state of consumer inflation and energy market conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, but may not capture all regional variations in gasoline prices.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in the West Census Region - Urban (APU040074712), retrieved from FRED.