Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Portland-Salem, OR-WA (CBSA)
APUA42572511 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
-37.21%
Date Range
11/1/1978 - 12/1/1986
Summary
This trend measures the average price of fuel oil #2 per gallon (3.785 liters) in the Portland-Salem, OR-WA metropolitan area. It provides valuable insights into the cost of home heating and commercial fuel consumption in the region.
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: Fuel Oil #2 per Gallon (3.785 Liters) in Portland-Salem, OR-WA (CBSA) trend represents the average retail price paid by consumers for this refined petroleum product in the local market. It is an important indicator for economists and policymakers monitoring energy costs and consumer spending patterns.
Methodology
This data is collected through regular surveys of fuel retailers in the Portland-Salem area.
Historical Context
Fuel oil prices are closely watched by energy analysts and government agencies to assess market conditions and the potential impact on household budgets and commercial operations.
Key Facts
- Fuel oil #2 is a common heating fuel used in residential and commercial buildings.
- Prices can fluctuate based on global crude oil markets, refining capacity, and local supply and demand.
- The Portland-Salem metropolitan area is a major consumer of fuel oil in the Pacific Northwest region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for fuel oil #2 per gallon (3.785 liters) in the Portland-Salem, OR-WA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Fuel oil prices are an important indicator of energy costs and consumer spending patterns, which are closely monitored by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of fuel retailers in the Portland-Salem metropolitan area.
Q: How is this trend used in economic policy?
A: Fuel oil prices are used by government agencies and energy analysts to assess market conditions and the potential impact on household budgets and commercial operations.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be occasional delays or limitations in reporting due to changes in survey methodologies or market conditions.
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Citation
U.S. Federal Reserve, Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Portland-Salem, OR-WA (CBSA) (APUA42572511), retrieved from FRED.