Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Washington, DC-MD-VA (CBSA)
APUA31574714 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
-6.33%
Date Range
1/1/1978 - 12/1/1997
Summary
This trend measures the average price of unleaded regular gasoline in the Washington, DC-MD-VA metropolitan area. It is a key indicator of consumer costs and market conditions for transportation fuels.
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 of unleaded regular gasoline in the Washington, DC-MD-VA region is a commonly tracked economic indicator. It reflects consumer expenditures on a crucial transportation and household expense, and can inform analysis of inflation, consumer behavior, and the broader energy market.
Methodology
The data is collected through regular price surveys of gasoline retailers in the region.
Historical Context
Policymakers and market analysts use this data to assess energy policy, consumer spending, and broader economic trends.
Key Facts
- Washington, DC metro area is a major transportation hub.
- Gasoline is a significant household expense for most consumers.
- Prices vary based on factors like supply, taxes, and market competition.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of unleaded regular gasoline in the Washington, DC-MD-VA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: The gasoline price is a key indicator of consumer costs and can inform analysis of inflation, transportation, and energy market trends.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of gasoline retailers in the Washington, DC-MD-VA region.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to assess energy policy, consumer spending, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is regularly updated but may have some delay due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Washington, DC-MD-VA (CBSA) (APUA31574714), retrieved from FRED.