Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Scranton, PA (CBSA)
APUA10674713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.27
Year-over-Year Change
21.69%
Date Range
1/1/1978 - 10/1/1980
Summary
This trend measures the average price of leaded premium gasoline in the Scranton, PA metropolitan area. It provides crucial data for understanding regional fuel costs and consumer purchasing power.
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 Premium (Cost per Gallon/3.8 Liters) in Scranton, PA (CBSA) series tracks the average retail price of premium-grade leaded gasoline within the Scranton, Pennsylvania metropolitan statistical area. This metric is a key indicator of local energy and transportation costs for businesses and households.
Methodology
The data is collected through monthly surveys of fuel retailers in the Scranton CBSA region.
Historical Context
Gasoline prices are closely monitored by policymakers, consumers, and market analysts as a barometer of economic conditions and consumer purchasing power.
Key Facts
- Premium gasoline is more expensive than regular due to higher refining costs.
- Gasoline prices fluctuate based on global crude oil markets, taxes, and regional supply/demand.
- Scranton prices tend to be lower than the national average due to its proximity to major refineries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline in the Scranton, Pennsylvania metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of consumer purchasing power and transportation costs, making this metric crucial for understanding regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of fuel retailers in the Scranton CBSA region.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely monitored by policymakers, consumers, and market analysts as a barometer of economic conditions and consumer purchasing power.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a short lag time between the reference period and publication.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Scranton, PA (CBSA) (APUA10674713), retrieved from FRED.