Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the West Census Region - Urban
APU040074713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.39
Year-over-Year Change
0.80%
Date Range
1/1/1978 - 12/1/1983
Summary
The 'Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the West Census Region - Urban' series tracks the average retail price of premium-grade gasoline in urban areas of the Western United States. This metric is a key indicator of fuel 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
This economic indicator measures the average price per gallon of premium-grade gasoline in urban areas of the West Census Region, which includes 13 states from California to Montana. It is commonly used by economists, policymakers, and market analysts to understand trends in consumer energy expenditures and the impacts of factors like supply, demand, and taxes.
Methodology
The data is collected through surveys of gasoline retailers by the U.S. Energy Information Administration.
Historical Context
This price series is relevant for monitoring inflation, consumer behavior, and the impacts of energy policy.
Key Facts
- Gasoline is a major household expense for consumers.
- Premium gasoline typically costs more than regular grade.
- The West Census Region covers 13 states in the western U.S.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average retail price per gallon of premium-grade gasoline in urban areas of the West Census Region, which includes 13 states from California to Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of fuel costs and consumer spending patterns, which are closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This price series is relevant for monitoring inflation, consumer behavior, and the impacts of energy policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and it covers only urban areas in the West Census Region.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the West Census Region - Urban (APU040074713), retrieved from FRED.