Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Washington, DC-MD-VA (CBSA)
This dataset tracks average price: gasoline, unleaded midgrade (cost per gallon/3.785 liters) in washington, dc-md-va (cbsa) over time.
Latest Value
1.29
Year-over-Year Change
-6.53%
Date Range
12/1/1993 - 12/1/1997
Summary
This economic trend measures the average price of unleaded midgrade gasoline in the Washington, DC metropolitan area. It is a key indicator of consumer energy costs and an important metric for policymakers and analysts monitoring regional fuel 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, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Washington, DC-MD-VA (CBSA) data series tracks the average retail price of midgrade unleaded gasoline in the Washington, DC-Maryland-Virginia combined statistical area. This metric provides insight into regional consumer energy expenditures and can inform policy decisions related to fuel taxation, subsidies, and infrastructure.
Methodology
The data is collected through a monthly survey of fuel retailers in the region.
Historical Context
Policymakers and market analysts use this trend to assess the economic impact of gasoline prices on consumers and businesses.
Key Facts
- Washington, DC metro area has some of the highest gasoline prices in the U.S.
- Midgrade unleaded gas accounts for approximately 25% of total retail fuel sales.
- Gasoline prices are a major component of the regional Consumer Price Index (CPI)
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded midgrade gasoline in the Washington, DC metropolitan area, which includes parts of Maryland and Virginia.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key driver of consumer energy costs and an important indicator of regional economic conditions. This trend provides valuable data for policymakers, businesses, and households in the DC metro area.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of fuel retailers in the Washington, DC-MD-VA combined statistical area.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the economic impact of gasoline prices on consumers and businesses, which can inform decisions related to fuel taxation, subsidies, and infrastructure.
Q: Are there update delays or limitations?
A: The data is published with a 1-month lag, and the survey coverage may not capture all fuel retailers in the region.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Washington, DC-MD-VA (CBSA) (APUA31574715), retrieved from FRED.