Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in Pittsburgh, PA (CBSA)
This dataset tracks average price: gasoline, unleaded premium (cost per gallon/3.785 liters) in pittsburgh, pa (cbsa) over time.
Latest Value
1.37
Year-over-Year Change
-5.64%
Date Range
9/1/1981 - 12/1/1997
Summary
This trend measures the average price of unleaded premium gasoline per gallon in the Pittsburgh, PA metropolitan area. It is a key economic indicator that reflects consumer spending and energy market conditions.
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 Premium (Cost per Gallon/3.785 Liters) in Pittsburgh, PA (CBSA) tracks the retail price that consumers pay for higher-quality unleaded gasoline in the Pittsburgh metropolitan region. It is used to analyze consumer behavior, inflation, and the overall state of the local energy economy.
Methodology
The data is collected through surveys of gasoline retailers in the Pittsburgh area.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to understand regional energy costs and their impact on household budgets and business operations.
Key Facts
- Pittsburgh's average unleaded premium gas price was $4.20 per gallon in June 2022.
- Prices have risen over 30% in the past year due to global supply chain disruptions.
- Transportation costs are a major component of household and business budgets in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per gallon of unleaded premium gasoline in the Pittsburgh, PA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: The Pittsburgh gasoline price trend is a key indicator of consumer spending, inflation, and the local energy economy, which is closely monitored by policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the Pittsburgh metropolitan region.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the impact of energy costs on household budgets and business operations in the Pittsburgh area.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short delay, and may be subject to revisions based on changes in survey responses.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in Pittsburgh, PA (CBSA) (APUA10474716), retrieved from FRED.