Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Kansas City, MO-KS (CBSA)
This dataset tracks average price: gasoline, leaded regular (cost per gallon/3.8 liters) in kansas city, mo-ks (cbsa) over time.
Latest Value
0.69
Year-over-Year Change
-34.51%
Date Range
1/1/1978 - 12/1/1986
Summary
This economic trend measures the average price of leaded regular gasoline per gallon in the Kansas City metropolitan area. Tracking changes in gasoline prices is crucial for understanding consumer behavior and the broader macroeconomic environment.
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 Kansas City, MO-KS (CBSA) trend provides a localized metric for monitoring price fluctuations in a key consumer good. This data point is widely used by economists, policymakers, and market analysts to assess regional economic conditions and the impact of factors such as supply, demand, and government policies.
Methodology
The data is collected through surveys of gas stations in the Kansas City metropolitan area and aggregated to calculate the average price per gallon.
Historical Context
Gasoline prices are a key input for household budgets and business operations, making this trend relevant for understanding consumer spending patterns and inflationary pressures.
Key Facts
- The Kansas City metropolitan area includes counties in both Missouri and Kansas.
- Gasoline prices can fluctuate significantly due to factors like crude oil supply, refinery capacity, and seasonal demand.
- Monitoring local gasoline prices is crucial for understanding household budgets and business costs in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per gallon of leaded regular gasoline in the Kansas City, Missouri-Kansas metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key input for household budgets and business operations, making this trend important for understanding consumer spending patterns and inflationary pressures in the region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gas stations in the Kansas City metropolitan area and aggregated to calculate the average price per gallon.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess regional economic conditions and the impact of factors such as supply, demand, and government policies on consumer prices.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of the underlying survey responses, and may not reflect immediate price changes in the market.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Kansas City, MO-KS (CBSA) (APUA21474712), retrieved from FRED.