Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Kansas City, MO-KS (CBSA)
This dataset tracks average price: gasoline, all types (cost per gallon/3.785 liters) in kansas city, mo-ks (cbsa) over time.
Latest Value
0.73
Year-over-Year Change
-34.14%
Date Range
1/1/1978 - 12/1/1986
Summary
This trend measures the average price of gasoline, all types, per gallon in the Kansas City, MO-KS metropolitan area. It is a key economic indicator for consumer spending and transportation costs.
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 represents the average retail price consumers pay for a gallon of gasoline in the Kansas City, MO-KS metropolitan statistical area. This metric is widely used by economists, policymakers, and analysts to gauge consumer behavior and the overall cost of living in the region.
Methodology
The data is collected through surveys of gasoline retailers and service stations in the Kansas City area.
Historical Context
This gasoline price trend is relevant for understanding consumer demand, transportation costs, and broader macroeconomic conditions.
Key Facts
- Gasoline prices in Kansas City are typically lower than the national average.
- Prices have fluctuated significantly in recent years due to changes in global oil markets.
- Gasoline is a major household expense, accounting for around 4% of consumer budgets.
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 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 power and transportation costs, making this trend useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers and service stations in the Kansas City metropolitan area.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely monitored by policymakers and central banks as they can impact inflation, consumer confidence, and overall economic activity.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may not fully capture all regional variations in gasoline prices.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Kansas City, MO-KS (CBSA) (APUA2147471A), retrieved from FRED.