Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Washington-Baltimore, DC-MD-VA-WV (CBSA)
APUA31174714 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.44
Year-over-Year Change
8.46%
Date Range
1/1/1998 - 12/1/2017
Summary
This trend measures the average retail price of unleaded regular gasoline in the Washington-Baltimore metropolitan area. It is a key indicator of consumer fuel costs and an important metric for policymakers and economists analyzing energy markets.
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, Unleaded Regular trend provides data on the average cost per gallon of unleaded regular gasoline in the Washington-Baltimore region. This metric is widely used to track changes in consumer energy expenditures and understand broader economic and policy implications.
Methodology
The data is collected through surveys of fuel retailers and then aggregated by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and consumers to gauge the impact of energy prices on the broader economy.
Key Facts
- Washington-Baltimore area residents paid an average of $3.89 per gallon of unleaded regular gasoline in June 2022.
- Gasoline prices in the region reached a record high of $4.71 per gallon in March 2022.
- Prices have fluctuated significantly in recent years due to volatility in global oil markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded regular gasoline in the Washington-Baltimore metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used to track changes in consumer energy expenditures and understand broader economic and policy implications of fuel prices.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers and then aggregated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and consumers to gauge the impact of energy prices on the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into regional gasoline price trends.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Washington-Baltimore, DC-MD-VA-WV (CBSA) (APUA31174714), retrieved from FRED.