Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Scranton, PA (CBSA)
This dataset tracks average price: gasoline, unleaded regular (cost per gallon/3.785 liters) in scranton, pa (cbsa) over time.
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 News
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. Natural Gas Storage Increases Due to Market Dynamics
Navigating Market Volatility: U.S. Natural Gas Storage Strategies and Trends Understanding the dynamics of the U.S. natural gas storage sector is crucial as it plays a central role in shaping the energy market. The storage of natural gas is not just about logistics; it represents a strategic resource ensuring energy availability and stability in times of fluctuating supply and demand. Market volatility affects the price and availability of natural gas, and by extension, decisions regarding its
U.S. Stocks Hit Records; Gold Surges, Bitcoin Declines
U.S. Stock Market Soars Amid Treasury Yield Concerns Despite ongoing global uncertainties, the U.S. stock market has defied expectations, setting unprecedented records this year. The surge of the stock indices reflects the market's buoyancy despite economic fluctuations. Major indicators like the Dow Jones, S&P 500, and Nasdaq have all reached new highs, signifying the resilience of equities in the current financial landscape. Meanwhile, gold prices have surged, reinforcing its status as a safe
US economic growth slows amid rising inflation concerns
US Economic Growth Slows Amid Inflation and Rising Interest Rates The US economy, a crucial indicator of its global standing, is facing a slow growth trajectory. Recent data suggest that inflationary pressures and rising interest rates are the chief culprits in this deceleration. With the Consumer Price Index reflecting heightened inflation and the Federal Reserve adjusting interest rates, the interplay of these factors raises significant concerns for economic stability. These developments furt
U.S. Natural Gas Prices Rise Due to Warmer Weather Forecasts
U.S. Natural Gas Prices Surge: Economic and Weather Patterns at Play The current surge in U.S. natural gas prices is reshaping the energy market landscape. Recent weather forecasts, combined with robust economic patterns, are pushing these prices skyward, affecting individuals and industries alike. This uptrend intertwines with broader energy market dynamics, such as climate patterns and economic impacts. Understanding these interconnected factors helps explain the increasingly volatile natural
U.S. mortgage rates decline aligns with housing price cuts
U.S. Real Estate: Mortgage Rates Plummet Mortgage rates in the U.S. have experienced a notable drop, marking some of the most significant cuts in recent years. This shift comes at a time when the housing market is adjusting with substantial price reductions, offering potential homebuyers opportunities. The interconnectedness of mortgage rates with the broader economic trends cannot be understated. Lower interest rates often mean cheaper loans, potentially sparking more activity in the real esta
Similar APUA Trends
Average Price: Electricity per 500 Kilowatt-Hour in Baltimore, MD (CBSA)
APUA31772621
Average Price: Electricity per 500 Kilowatt-Hour in Buffalo-Niagara Falls, NY (CBSA)
APUA10572621
Average Price: Electricity per 500 Kilowatt-Hour in Cincinnati-Hamilton, OH-KY-IN (CBSA)
APUA21372621
Average Price: Electricity per 500 Kilowatt-Hour in Cleveland-Akron, OH (CBSA)
APUA21072621
Average Price: Electricity per 500 Kilowatt-Hour in Milwaukee-Racine, WI (CBSA)
APUA21272621
Average Price: Electricity per 500 Kilowatt-Hour in Pittsburgh, PA (CBSA)
APUA10472621
Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Scranton, PA (CBSA) (APUA10674714), retrieved from FRED.