Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in the Pacific Census Division
This dataset tracks average price: gasoline, unleaded regular (cost per gallon/3.785 liters) in the pacific census division over time.
Latest Value
4.48
Year-over-Year Change
-3.49%
Date Range
1/1/2018 - 6/1/2025
Summary
This trend measures the average price of unleaded regular gasoline per gallon in the Pacific Census Division of the United States. It is a key indicator of consumer energy costs and can inform economic analysis and policymaking.
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, Unleaded Regular (Cost per Gallon/3.785 Liters) in the Pacific Census Division trend tracks the average retail price of regular grade gasoline across the Pacific region, which includes the states of California, Oregon, Washington, Alaska, and Hawaii. This metric is widely used by economists, policymakers, and consumers to understand energy price dynamics.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of fuel retailers.
Historical Context
Gasoline prices are a significant factor in consumer spending and inflation, so this trend provides important context for economic analysis and policy decisions.
Key Facts
- The Pacific Census Division includes California, Oregon, Washington, Alaska, and Hawaii.
- Gasoline is a major household expense, accounting for about 3% of consumer spending.
- Gasoline prices can significantly impact consumer confidence and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded regular gasoline per gallon in the Pacific Census Division of the United States.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key driver of consumer spending and inflation, so this trend provides important context for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of fuel retailers.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to understand energy price dynamics and their impact on consumer spending, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on gasoline price trends.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in the Pacific Census Division (APU049074714), retrieved from FRED.