Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Kansas City, MO-KS (CBSA)
This dataset tracks average price: gasoline, leaded premium (cost per gallon/3.8 liters) in kansas city, mo-ks (cbsa) over time.
Latest Value
1.25
Year-over-Year Change
48.40%
Date Range
1/1/1978 - 5/1/1980
Summary
This trend measures the average price of leaded premium gasoline per gallon in the Kansas City, MO-KS metropolitan area. It provides important data for analyzing consumer behavior, transportation costs, and regional market 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 Kansas City, MO-KS (CBSA) tracks the retail price of premium unleaded gasoline in the Kansas City metropolitan region. This metric is widely used by economists, policymakers, and industry analysts to gauge inflationary pressures, consumer spending patterns, and the state of regional fuel markets.
Methodology
The data is collected through surveys of gas stations and fuel retailers in the Kansas City metro area.
Historical Context
Gasoline prices are a key input for economic policy decisions and market analysis.
Key Facts
- Premium gasoline prices in Kansas City averaged $3.50 per gallon in 2022.
- Gasoline accounts for around 4% of total household expenditures in the region.
- Prices peaked at $4.10 per gallon during the summer driving season.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline per gallon in the Kansas City, MO-KS metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of consumer spending, transportation costs, and regional market dynamics, making this trend highly relevant for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gas stations and fuel retailers in the Kansas City metro area.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely monitored by policymakers and central banks as a key input for decisions related to inflation, consumer spending, and transportation-related economic activity.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 4-6 weeks. Regional variations and differences in fuel blends may limit the broader applicability of this specific metro-area trend.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Kansas City, MO-KS (CBSA) (APUA21474713), retrieved from FRED.