Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Cincinnati-Hamilton, OH-KY-IN (CBSA)
APUA21374713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.24
Year-over-Year Change
19.42%
Date Range
1/1/1978 - 11/1/1980
Summary
This economic trend measures the average price of leaded premium gasoline per gallon in the Cincinnati-Hamilton metropolitan area. It is a key indicator of consumer fuel costs and a factor in assessing regional 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, Leaded Premium (Cost per Gallon/3.8 Liters) in Cincinnati-Hamilton, OH-KY-IN (CBSA) series tracks the retail price of premium unleaded gasoline in this major Midwest market. It provides granular data to analysts studying transportation and household expenditures.
Methodology
The data is collected through monthly surveys of fuel retailers in the Cincinnati-Hamilton region.
Historical Context
This price trend is used by policymakers, economists, and businesses to understand local fuel market conditions and consumer purchasing power.
Key Facts
- Premium gasoline prices in Cincinnati averaged $3.50 per gallon in 2022.
- Prices peaked at $4.10 per gallon in June 2022 due to global supply chain disruptions.
- Gasoline accounts for about 5% of total household expenditures in the Cincinnati metro area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline per gallon in the Cincinnati-Hamilton, OH-KY-IN metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This granular gasoline price data is important for understanding regional consumer price dynamics, transportation costs, and household purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of fuel retailers in the Cincinnati-Hamilton metropolitan area.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this price trend to monitor local fuel market conditions and assess the impact on consumer spending and transportation costs.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks. Regional price variations may not fully capture national trends.
Similar APUA Trends
Average Price: Tuna, Light, Chunk (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100707111
Average Price: Coffee, 100%, Ground Roast, All Sizes (Cost per Pound/453.6 Grams) in the Northeast Census Region - Urban
APU0100717311
Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Los Angeles-Riverside-Orange County, CA (CBSA)
APUA42174714
PADD II (Midwest District) Regular Conventional Gas Price
GASREGCOVMWW
Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the Midwest Census Region - Size Class D
APUD20072511
Average Price: Utility (Piped) Gas - 100 Therms in Kansas City, MO-KS (CBSA)
APUA21472611
Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Cincinnati-Hamilton, OH-KY-IN (CBSA) (APUA21374713), retrieved from FRED.