Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Milwaukee-Racine, WI (CBSA)
APUA2127471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.84
Year-over-Year Change
-30.33%
Date Range
1/1/1978 - 12/1/1986
Summary
This economic trend measures the average price of gasoline in the Milwaukee-Racine, WI metropolitan area. It is a key indicator of consumer costs and regional economic activity.
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, All Types (Cost per Gallon/3.785 Liters) in Milwaukee-Racine, WI (CBSA) metric tracks the average retail price of different grades of gasoline sold in this metropolitan statistical area. It is used to monitor inflation, consumer purchasing power, and transportation-related economic trends.
Methodology
The data is collected through surveys of retail fuel stations in the Milwaukee-Racine region.
Historical Context
Gasoline prices are closely watched by policymakers, businesses, and consumers as they impact household budgets, transportation costs, and broader economic conditions.
Key Facts
- Gasoline accounts for a significant portion of household budgets.
- Prices vary based on crude oil costs, taxes, and regional supply/demand.
- This metric is tracked closely by economists and policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of different grades of gasoline sold in the Milwaukee-Racine, Wisconsin metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of consumer costs, transportation expenses, and broader economic conditions in the region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail fuel stations in the Milwaukee-Racine metropolitan area.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and consumers closely monitor gasoline prices as they impact household budgets, transportation costs, and broader economic activity.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delay, providing a timely indicator of regional fuel price trends.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Milwaukee-Racine, WI (CBSA) (APUA2127471A), retrieved from FRED.