Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Baltimore, MD (CBSA)
APUA3177471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.24
Year-over-Year Change
-7.74%
Date Range
1/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of gasoline in Baltimore, Maryland, providing valuable insights into consumer spending and transportation costs for the local market.
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 (Cost per Gallon/3.785 Liters) in Baltimore, MD (CBSA) trend tracks the average retail price of various grades of gasoline sold in the Baltimore metropolitan area. This metric is widely used by economists, policymakers, and consumers to monitor changes in energy costs and their impact on the local economy.
Methodology
The data is collected through surveys of fuel retailers in the Baltimore region.
Historical Context
Gasoline prices are a key factor in consumer spending and transportation budgets, making this trend relevant for assessing economic conditions and consumer behavior.
Key Facts
- Gasoline is a major household expense for most Americans.
- Fluctuations in gasoline prices can significantly impact consumer behavior and the broader economy.
- Baltimore's gasoline prices are tracked as a representative market for the Mid-Atlantic region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of various grades of gasoline sold in the Baltimore, Maryland metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key factor in consumer spending and transportation budgets, making this trend important for assessing economic conditions and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Baltimore region.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor changes in energy costs and their impact on the local economy, particularly consumer spending and transportation patterns.
Q: Are there update delays or limitations?
A: The data is published regularly, but may be subject to minor delays due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Baltimore, MD (CBSA) (APUA3177471A), retrieved from FRED.