Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the Mountain Census Division
This dataset tracks average price: gasoline, all types (cost per gallon/3.785 liters) in the mountain census division over time.
Latest Value
3.62
Year-over-Year Change
-5.97%
Date Range
1/1/2018 - 6/1/2025
Summary
This economic trend measures the average price of gasoline, all types, in the Mountain Census Division. It provides valuable insights into consumer fuel costs and regional market dynamics for policymakers and analysts.
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 trend represents the average retail price of various grades of gasoline per gallon in the Mountain Census Division, which includes Montana, Idaho, Wyoming, Colorado, Utah, and Nevada. This metric is a key indicator of consumer purchasing power and transportation costs in the region.
Methodology
The data is collected through surveys of gasoline retailers and calculated as a regional average.
Historical Context
This trend is closely monitored by government agencies, market analysts, and consumers to assess the impact of fuel prices on the regional economy.
Key Facts
- Gasoline is a major household expense in the Mountain region.
- Prices fluctuate based on global crude oil markets and regional supply/demand.
- This metric helps policymakers assess the impact of fuel costs on the regional economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of various grades of gasoline per gallon in the Mountain Census Division, which includes Montana, Idaho, Wyoming, Colorado, Utah, and Nevada.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer fuel costs and regional market dynamics, which is crucial for policymakers, businesses, and consumers in assessing the economic impact of gasoline prices.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers and calculated as a regional average.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, market analysts, and consumers to assess the impact of fuel prices on the regional economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be occasional delays or limitations in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the Mountain Census Division (APU04807471A), retrieved from FRED.