Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Cincinnati-Hamilton, OH-KY-IN (CBSA)
This dataset tracks average price: gasoline, all types (cost per gallon/3.785 liters) in cincinnati-hamilton, oh-ky-in (cbsa) over time.
Latest Value
0.81
Year-over-Year Change
-30.59%
Date Range
1/1/1978 - 12/1/1986
Summary
This economic trend measures the average price of gasoline in the Cincinnati-Hamilton metropolitan area. It is an important indicator of consumer costs and 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, All Types trend reports the average cost per gallon of gasoline in the Cincinnati-Hamilton, OH-KY-IN combined statistical area. This metric is used by economists and policymakers to analyze regional fuel price trends and their impact on consumer expenditures.
Methodology
The data is collected through surveys of fuel retailers in the metropolitan area.
Historical Context
Gasoline prices are a key factor in consumer inflation and household budgets, so this trend informs economic policy and market analysis.
Key Facts
- Gasoline is the single largest household transportation expenditure for most U.S. consumers.
- Fuel prices can have significant impacts on consumer spending, business costs, and economic growth.
- The Cincinnati-Hamilton metro area is a major regional transportation and logistics hub.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of all grades of gasoline per gallon in the Cincinnati-Hamilton, OH-KY-IN metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer inflation and household budgets, so this trend provides important insights into regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Cincinnati-Hamilton metropolitan area.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor regional fuel price dynamics and their impacts on consumer spending, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is updated monthly, though there may be occasional lags in reporting from some fuel retailers.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Cincinnati-Hamilton, OH-KY-IN (CBSA) (APUA2137471A), retrieved from FRED.