Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the West Census Region - Urban
This dataset tracks average price: gasoline, all types (cost per gallon/3.785 liters) in the west census region - urban over time.
Latest Value
4.30
Year-over-Year Change
-3.96%
Date Range
1/1/1978 - 6/1/2025
Summary
This economic trend measures the average price of gasoline, including all types, in the West Census Region of the United States. It is a key indicator of consumer energy costs and regional price variations.
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, All Types (Cost per Gallon/3.785 Liters) in the West Census Region - Urban series tracks the average retail price of gasoline across urban areas in the western United States. This metric is widely used by economists, policymakers, and consumers to assess regional price trends and the cost of living.
Methodology
The data is collected through surveys of retail gasoline stations and then aggregated to calculate the regional average price.
Historical Context
This economic indicator provides important context for energy policy, consumer spending patterns, and regional cost-of-living comparisons.
Key Facts
- The West Census Region includes 13 states in the western United States.
- Gasoline prices can vary significantly by region due to factors like transportation costs and local taxes.
- Retail gasoline prices impact household budgets and consumer spending across the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of gasoline, including all types, in the urban areas of the West Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional variations in consumer energy costs, which impact household budgets, transportation expenses, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail gasoline stations and then aggregated to calculate the regional average price.
Q: How is this trend used in economic policy?
A: This indicator provides valuable context for energy policy, consumer spending patterns, and regional cost-of-living comparisons.
Q: Are there update delays or limitations?
A: The data is reported monthly, but there may be lags in availability due to the survey-based data collection process.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the West Census Region - Urban (APU04007471A), retrieved from FRED.