Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Portland-Salem, OR-WA (CBSA)
APUA42574712 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.73
Year-over-Year Change
-31.26%
Date Range
1/1/1978 - 12/1/1986
Summary
This economic trend measures the average price of leaded regular gasoline per gallon in the Portland-Salem, OR-WA metropolitan area. It is a key indicator of fuel costs for consumers and businesses 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: Gasoline, Leaded Regular trend represents the average retail price per gallon of leaded regular gasoline in the Portland-Salem, OR-WA combined statistical area. This data is widely used by economists, policymakers, and market analysts to track regional fuel price dynamics.
Methodology
The data is collected through surveys of retail gasoline stations by the U.S. Energy Information Administration.
Historical Context
This trend is closely monitored for its impact on consumer spending, transportation costs, and the broader regional economy.
Key Facts
- Gasoline is a major household and business expense in the Portland metro area.
- Prices can fluctuate significantly based on global oil markets and regional supply/demand.
- Tracking this trend is important for understanding the local cost of living and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per gallon of leaded regular gasoline in the Portland-Salem, OR-WA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched as an indicator of fuel costs for consumers and businesses in the region, which can impact consumer spending, transportation expenses, and the broader regional economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail gasoline stations by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand the impact of fuel prices on the regional economy and inform decisions around energy, transportation, and consumer policies.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 weeks after the end of the reporting period. There may be some variation in reporting by individual stations.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Portland-Salem, OR-WA (CBSA) (APUA42574712), retrieved from FRED.