Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in Portland-Salem, OR-WA (CBSA)
APUA42574716 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.91
Year-over-Year Change
-30.91%
Date Range
9/1/1981 - 12/1/1986
Summary
This trend measures the average price of unleaded premium gasoline in the Portland-Salem, OR-WA metropolitan area. It is a key indicator of consumer costs and regional price dynamics.
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 Premium trend represents the average cost per gallon of unleaded premium fuel in the Portland-Salem, OR-WA combined statistical area. This data point is widely used by economists, policymakers, and consumers to track changes in regional transportation and living costs.
Methodology
The data is collected through surveys of gas stations in the metro area and calculated as a regional average price per gallon.
Historical Context
This trend is relevant for understanding consumer price inflation, transportation expenses, and regional cost-of-living dynamics.
Key Facts
- Unleaded premium fuel is the most expensive grade of gasoline.
- Portland-Salem is a major metropolitan area in the Pacific Northwest.
- Transportation costs are a significant portion of household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per gallon of unleaded premium gasoline in the Portland-Salem, OR-WA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This data point is widely used to track changes in regional transportation and living costs, which are important for understanding consumer price inflation and household budgets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gas stations in the metro area and calculated as a regional average price per gallon.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, economists, and consumers to understand regional cost-of-living dynamics and the impact of energy prices on the broader economy.
Q: Are there update delays or limitations?
A: The data is reported with a short lag, typically within a month of the reference period. There may be some variability in station reporting that can affect the regional average.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in Portland-Salem, OR-WA (CBSA) (APUA42574716), retrieved from FRED.