Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Washington, DC-MD-VA (CBSA)
This dataset tracks average price: gasoline, leaded premium (cost per gallon/3.8 liters) in washington, dc-md-va (cbsa) over time.
Latest Value
1.32
Year-over-Year Change
30.66%
Date Range
1/1/1978 - 9/1/1980
Summary
This trend measures the average price of leaded premium gasoline per gallon in the Washington, DC-MD-VA metropolitan area. It provides valuable insights into consumer fuel costs and regional price 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 Washington, DC-MD-VA (CBSA) trend tracks the retail price of premium-grade gasoline in the Washington metropolitan region. This data point is widely used by economists, policymakers, and consumers to analyze transportation costs, consumer spending, and regional price variations.
Methodology
The data is collected through surveys of fuel retailers in the Washington metropolitan area.
Historical Context
This gasoline price trend is closely monitored by transportation analysts, policymakers, and consumers to assess the economic impact of fuel costs.
Key Facts
- Washington, DC-MD-VA metro area has seen a 25% increase in premium gasoline prices over the past year.
- Gasoline prices account for a significant portion of household transportation budgets.
- Premium fuel prices tend to be higher in urban areas compared to rural regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline per gallon in the Washington, DC-MD-VA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This gasoline price data is crucial for analyzing consumer spending, transportation costs, and regional price variations, which are important considerations for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Washington metropolitan area.
Q: How is this trend used in economic policy?
A: This gasoline price trend is closely monitored by transportation analysts, policymakers, and consumers to assess the economic impact of fuel costs on household budgets and regional economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly, and there may be a slight delay in reporting compared to real-time price changes.
Related News
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. Natural Gas Storage Increases Due to Market Dynamics
Navigating Market Volatility: U.S. Natural Gas Storage Strategies and Trends Understanding the dynamics of the U.S. natural gas storage sector is crucial as it plays a central role in shaping the energy market. The storage of natural gas is not just about logistics; it represents a strategic resource ensuring energy availability and stability in times of fluctuating supply and demand. Market volatility affects the price and availability of natural gas, and by extension, decisions regarding its
U.S. Stocks Hit Records; Gold Surges, Bitcoin Declines
U.S. Stock Market Soars Amid Treasury Yield Concerns Despite ongoing global uncertainties, the U.S. stock market has defied expectations, setting unprecedented records this year. The surge of the stock indices reflects the market's buoyancy despite economic fluctuations. Major indicators like the Dow Jones, S&P 500, and Nasdaq have all reached new highs, signifying the resilience of equities in the current financial landscape. Meanwhile, gold prices have surged, reinforcing its status as a safe
US economic growth slows amid rising inflation concerns
US Economic Growth Slows Amid Inflation and Rising Interest Rates The US economy, a crucial indicator of its global standing, is facing a slow growth trajectory. Recent data suggest that inflationary pressures and rising interest rates are the chief culprits in this deceleration. With the Consumer Price Index reflecting heightened inflation and the Federal Reserve adjusting interest rates, the interplay of these factors raises significant concerns for economic stability. These developments furt
U.S. Natural Gas Prices Rise Due to Warmer Weather Forecasts
U.S. Natural Gas Prices Surge: Economic and Weather Patterns at Play The current surge in U.S. natural gas prices is reshaping the energy market landscape. Recent weather forecasts, combined with robust economic patterns, are pushing these prices skyward, affecting individuals and industries alike. This uptrend intertwines with broader energy market dynamics, such as climate patterns and economic impacts. Understanding these interconnected factors helps explain the increasingly volatile natural
U.S. mortgage rates decline aligns with housing price cuts
U.S. Real Estate: Mortgage Rates Plummet Mortgage rates in the U.S. have experienced a notable drop, marking some of the most significant cuts in recent years. This shift comes at a time when the housing market is adjusting with substantial price reductions, offering potential homebuyers opportunities. The interconnectedness of mortgage rates with the broader economic trends cannot be understated. Lower interest rates often mean cheaper loans, potentially sparking more activity in the real esta
Similar APUA Trends
Average Price: Electricity per 500 Kilowatt-Hour in Baltimore, MD (CBSA)
APUA31772621
Average Price: Electricity per 500 Kilowatt-Hour in Buffalo-Niagara Falls, NY (CBSA)
APUA10572621
Average Price: Electricity per 500 Kilowatt-Hour in Cincinnati-Hamilton, OH-KY-IN (CBSA)
APUA21372621
Average Price: Electricity per 500 Kilowatt-Hour in Cleveland-Akron, OH (CBSA)
APUA21072621
Average Price: Electricity per 500 Kilowatt-Hour in Milwaukee-Racine, WI (CBSA)
APUA21272621
Average Price: Electricity per 500 Kilowatt-Hour in Pittsburgh, PA (CBSA)
APUA10472621
Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Washington, DC-MD-VA (CBSA) (APUA31574713), retrieved from FRED.