Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Washington, DC-MD-VA (CBSA)
APUA31572511 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.16
Year-over-Year Change
-6.16%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of fuel oil #2 per gallon in the Washington, DC-MD-VA metropolitan area. It provides insights into the cost of a key household and industrial fuel.
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: Fuel Oil #2 per Gallon (3.785 Liters) in Washington, DC-MD-VA (CBSA) series tracks the retail price of home heating oil in the broader Washington metropolitan region. This metric is closely watched by policymakers, energy analysts, and consumers as an indicator of energy costs and household budgets.
Methodology
The data is collected through surveys of fuel oil retailers in the region.
Historical Context
This price trend is used to inform energy policy, monitor inflation, and understand consumer spending patterns.
Key Facts
- Fuel oil is used for home heating and some industrial applications.
- Prices can fluctuate based on global crude oil markets and regional supply and demand.
- The Washington, DC metro area is a major consumer of home heating oil.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fuel oil #2 per gallon in the Washington, DC-MD-VA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This price metric is important for understanding household energy costs, monitoring inflation, and informing energy policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel oil retailers in the Washington, DC metropolitan region.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this price trend to inform energy policy, track inflation, and understand consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is reported monthly, but may have a short delay before publication.
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Citation
U.S. Federal Reserve, Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Washington, DC-MD-VA (CBSA) (APUA31572511), retrieved from FRED.