Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Cincinnati-Hamilton, OH-KY-IN (CBSA)
APUA21374712 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.75
Year-over-Year Change
-31.70%
Date Range
1/1/1978 - 12/1/1986
Summary
This economic trend measures the average price of leaded regular gasoline per gallon in the Cincinnati-Hamilton metropolitan area. It provides insight into local fuel costs and consumer spending patterns.
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 Cincinnati-Hamilton, OH-KY-IN (CBSA) series tracks the average retail price of leaded regular gasoline in the Cincinnati-Hamilton metropolitan statistical area. This data is used by economists and policymakers to analyze consumer behavior and the regional cost of living.
Methodology
The data is collected through surveys of gas stations and fuel retailers in the Cincinnati-Hamilton metropolitan area.
Historical Context
This economic indicator is closely watched by analysts to understand consumer spending and the impact of fuel prices on the local economy.
Key Facts
- Gasoline is a major household expense for consumers.
- Fuel prices can impact local economic activity and inflation.
- Cincinnati-Hamilton is a major Midwestern metropolitan area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded regular gasoline per gallon in the Cincinnati-Hamilton, OH-KY-IN metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into consumer spending patterns and the cost of living in the Cincinnati-Hamilton region, which is valuable for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gas stations and fuel retailers in the Cincinnati-Hamilton metropolitan area.
Q: How is this trend used in economic policy?
A: This indicator is used by analysts and policymakers to understand the impact of fuel prices on consumer behavior and regional economic conditions.
Q: Are there update delays or limitations?
A: The data is published regularly, but may have a short delay in reporting the most recent prices.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Cincinnati-Hamilton, OH-KY-IN (CBSA) (APUA21374712), retrieved from FRED.