Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Los Angeles-Riverside-Orange County, CA (CBSA)
This dataset tracks average price: gasoline, all types (cost per gallon/3.785 liters) in los angeles-riverside-orange county, ca (cbsa) over time.
Latest Value
3.08
Year-over-Year Change
14.85%
Date Range
1/1/1978 - 12/1/2017
Summary
The Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Los Angeles-Riverside-Orange County, CA (CBSA) trend measures the average retail price of gasoline in this major metropolitan area. It is a key economic indicator for understanding consumer behavior and the impact of energy costs on the regional economy.
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
This series tracks the average price that consumers pay for a gallon of gasoline in the Los Angeles-Riverside-Orange County, CA Combined Statistical Area. It is a vital metric for analyzing consumer spending, transportation costs, and the effects of energy policy and market conditions on local residents and businesses.
Methodology
The data is collected through surveys of gasoline retailers in the region.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the economic health and purchasing power of consumers in one of the most populous and economically influential metropolitan areas in the United States.
Key Facts
- The Los Angeles-Riverside-Orange County, CA CBSA is the second-largest metropolitan area in the United States.
- Gasoline accounts for a significant portion of household budgets in this region.
- This price series has been tracked since 1990.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price that consumers pay for a gallon of gasoline in the Los Angeles-Riverside-Orange County, CA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of consumer purchasing power and the economic health of one of the most populous and economically influential regions in the United States.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the Los Angeles-Riverside-Orange County, CA metropolitan area.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to assess the impact of energy costs on consumer spending and the overall regional economy.
Q: Are there update delays or limitations?
A: The data is updated monthly, with a typical release lag of 1-2 weeks.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Los Angeles-Riverside-Orange County, CA (CBSA) (APUA4217471A), retrieved from FRED.