Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Scranton, PA (CBSA)
APUA10674712 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.79
Year-over-Year Change
-32.68%
Date Range
1/1/1978 - 12/1/1986
Summary
This trend measures the average price of leaded regular gasoline per gallon in the Scranton, PA metropolitan area. It is a key indicator of local consumer fuel costs and reflects broader energy price dynamics.
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 Scranton, PA (CBSA) series tracks the average retail price of regular-grade gasoline sold in the Scranton-Wilkes-Barre-Hazleton, PA metropolitan statistical area. This metric is widely used by economists and policymakers to assess regional consumer spending and inflationary pressures.
Methodology
The data is collected through monthly surveys of fuel retailers in the Scranton metropolitan area.
Historical Context
This gasoline price trend is relevant for analyzing consumer behavior, transportation costs, and the broader macroeconomic environment.
Key Facts
- Scranton is the largest city in northeastern Pennsylvania.
- Gasoline prices in Scranton typically track 5-10% above the national average.
- Transportation accounts for over 15% of consumer expenditures in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded regular gasoline per gallon in the Scranton, PA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing regional consumer spending, transportation costs, and broader economic conditions in the Scranton metro area.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of fuel retailers in the Scranton metropolitan statistical area.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely monitored by economists and policymakers to understand consumer behavior, inflationary pressures, and the broader macroeconomic environment.
Q: Are there update delays or limitations?
A: The data is released with a 1-month lag and may not fully capture short-term price volatility.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Scranton, PA (CBSA) (APUA10674712), retrieved from FRED.