Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Buffalo-Niagara Falls, NY (CBSA)
APUA10574712 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.75
Year-over-Year Change
-36.23%
Date Range
1/1/1978 - 12/1/1986
Summary
This trend measures the average price of leaded regular gasoline per gallon in the Buffalo-Niagara Falls, NY metropolitan area. It is a key indicator of consumer fuel costs and can inform economic analysis and policy decisions.
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, Leaded Regular (Cost per Gallon/3.8 Liters) in Buffalo-Niagara Falls, NY (CBSA) tracks the retail price of a standard unit of leaded regular gasoline in this regional market. It is used to assess consumer purchasing power, transportation costs, and broader inflationary pressures.
Methodology
The data is collected through surveys of fuel retailers in the Buffalo-Niagara Falls metropolitan area.
Historical Context
This price trend is relevant for monitoring consumer behavior, transportation costs, and regional economic conditions.
Key Facts
- Gasoline is a major household and business expense.
- Prices can fluctuate significantly based on global oil markets.
- This regional metric provides localized price data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded regular gasoline per gallon in the Buffalo-Niagara Falls, NY metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: The gasoline price trend is a key indicator of consumer purchasing power, transportation costs, and broader regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Buffalo-Niagara Falls metropolitan area.
Q: How is this trend used in economic policy?
A: This regional gasoline price data can inform analyses of consumer behavior, transportation costs, and inflationary pressures by policymakers and economists.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be lags in reporting retail price changes in this regional market.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Buffalo-Niagara Falls, NY (CBSA) (APUA10574712), retrieved from FRED.