Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Pittsburgh, PA (CBSA)
APUA10472511 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.81
Year-over-Year Change
-17.02%
Date Range
11/1/1982 - 12/1/1997
Summary
This economic trend measures the average price of fuel oil #2 per gallon (3.785 liters) in the Pittsburgh, PA metropolitan area. It provides important insights into energy costs for consumers and businesses in the region.
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: Fuel Oil #2 per Gallon (3.785 Liters) in Pittsburgh, PA (CBSA) trend tracks the retail price of a key home heating and industrial fuel in the Pittsburgh metropolitan statistical area. This data point is widely used by economists, policymakers, and energy analysts to monitor regional energy market dynamics.
Methodology
The data is collected through surveys of fuel retailers in the Pittsburgh CBSA by the U.S. Bureau of Labor Statistics.
Historical Context
Fuel oil prices are a key input for economic models and policy decisions related to consumer spending, industrial activity, and energy market regulations.
Key Facts
- Fuel oil #2 is a common home heating and industrial fuel.
- Pittsburgh is a major center of manufacturing and energy use in the U.S.
- Fuel oil prices can significantly impact household and business budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fuel oil #2 per gallon (3.785 liters) in the Pittsburgh, PA metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Fuel oil prices are a key input for economic models and policy decisions related to consumer spending, industrial activity, and energy market regulations.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Pittsburgh CBSA by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Fuel oil prices are used by economists, policymakers, and energy analysts to monitor regional energy market dynamics and their impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Pittsburgh, PA (CBSA) (APUA10472511), retrieved from FRED.