Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Scranton, PA (CBSA)
APUA10674714 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.82
Year-over-Year Change
-34.11%
Date Range
1/1/1978 - 12/1/1986
Summary
This trend measures the average price of unleaded regular gasoline per gallon in the Scranton, PA metropolitan area. It provides important insights into consumer costs and regional fuel 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, Unleaded Regular (Cost per Gallon/3.785 Liters) in Scranton, PA (CBSA) series tracks the daily retail price of unleaded regular gasoline in the Scranton metropolitan statistical area. This data is used by economists, policymakers, and consumers to analyze regional price trends and the impacts of factors like supply, demand, and taxes on fuel costs.
Methodology
The data is collected through surveys of fuel retailers in the Scranton, PA region.
Historical Context
This price trend is a key indicator of consumer purchasing power and inflation pressures in the local economy.
Key Facts
- Prices are reported in US dollars per gallon.
- Scranton is the largest city in northeastern Pennsylvania.
- Gasoline is a major household and business expense.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded regular gasoline per gallon in the Scranton, Pennsylvania metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This price data is important for understanding consumer costs, regional inflation, and the dynamics of the local fuel market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the Scranton metropolitan area.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the cost-of-living, household purchasing power, and potential inflationary pressures in the Scranton region.
Q: Are there update delays or limitations?
A: The data is reported daily, with no significant delays. It represents the Scranton metropolitan area only and may not reflect prices in other parts of Pennsylvania.
Related Trends
Average Price: All Uncooked Beef Roasts (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000FC2101
Average Price: Lemons (Cost per Pound/453.6 Grams) in the West Census Region - Urban
APU0400711412
Average Price: Utility (Piped) Gas - 100 Therms in San Diego-Carlsbad, CA (CBSA)
APUS49E72611
PADD II (Midwest District) Premium All Formulations Gas Price
GASPRMMWM
Average Price: Chicken Breast, Bone-In (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000706211
Average Price: Milk, Fresh, Low Fat, per One-Half Gallon (1.9 Liters) in the Northeast Census Region - Urban
APU0100709212
Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Scranton, PA (CBSA) (APUA10674714), retrieved from FRED.