Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Los Angeles-Riverside-Orange County, CA (CBSA)
APUA42174714 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.04
Year-over-Year Change
14.98%
Date Range
1/1/1978 - 12/1/2017
Summary
This trend measures the average price of unleaded regular gasoline in the Los Angeles-Riverside-Orange County, CA metropolitan area. It is a key indicator of consumer fuel costs and a factor in broader measures of inflation.
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 Regular trend represents the typical retail price of regular unleaded gasoline per gallon in the Los Angeles region. It is a widely cited metric for monitoring transportation and household expenses.
Methodology
The data is collected through surveys of fuel retailers in the metropolitan area.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess inflationary pressures and consumer spending patterns.
Key Facts
- Gasoline is a major household expense for most Americans.
- Prices can vary significantly by region and market conditions.
- This trend has a long history of data going back decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded regular gasoline per gallon in the Los Angeles-Riverside-Orange County, CA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer spending and a key input for broader measures of inflation. This trend provides important insight into household transportation costs.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Los Angeles metropolitan area.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this trend to assess inflationary pressures and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into regional fuel costs.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Los Angeles-Riverside-Orange County, CA (CBSA) (APUA42174714), retrieved from FRED.