Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Washington-Baltimore, DC-MD-VA-WV (CBSA)
APUA3117471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.49
Year-over-Year Change
8.29%
Date Range
1/1/1998 - 12/1/2017
Summary
This economic trend measures the average price of gasoline per gallon in the Washington-Baltimore metropolitan area. It provides important insights into consumer spending and inflationary pressures.
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 tracks the cost per gallon of various gasoline formulations in the Washington-Baltimore region. This metric is widely used by economists and policymakers to monitor household expenses and the broader cost of living.
Methodology
The data is collected through surveys of fuel retailers in the metropolitan area.
Historical Context
This trend is a key input for analyses of consumer behavior, transportation costs, and regional economic conditions.
Key Facts
- The data is reported monthly.
- Prices are in nominal dollars per gallon.
- The Washington-Baltimore region has a population of over 9 million.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average price per gallon of various gasoline formulations in the Washington-Baltimore metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer spending, household expenses, and inflationary pressures in a major U.S. metropolitan region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Washington-Baltimore metropolitan area.
Q: How is this trend used in economic policy?
A: This trend is a key input for analyses of consumer behavior, transportation costs, and regional economic conditions by economists and policymakers.
Q: Are there update delays or limitations?
A: The data is reported monthly with no known update delays or limitations.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Washington-Baltimore, DC-MD-VA-WV (CBSA) (APUA3117471A), retrieved from FRED.