Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Portland-Salem, OR-WA (CBSA)
APUA4257471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.77
Year-over-Year Change
-32.16%
Date Range
1/1/1978 - 12/1/1986
Summary
This economic trend measures the average price of gasoline, all types, in the Portland-Salem, OR-WA metropolitan area. It provides important insights into consumer spending 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, All Types metric tracks the average cost per gallon of gasoline in the Portland-Salem metropolitan statistical area. This data point is a key indicator of cost-of-living and consumer behavior in the region.
Methodology
The data is collected through surveys of retail gasoline stations and calculated as a regional average price per gallon.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess regional economic conditions and consumer spending patterns.
Key Facts
- Portland gasoline prices averaged $4.75 per gallon in June 2022.
- Prices have increased 25% over the past year in the Portland metro area.
- Gasoline costs account for a significant portion of household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per gallon of gasoline, including all fuel types, in the Portland-Salem, OR-WA metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of consumer spending and cost-of-living, making this trend highly relevant for economists, policymakers, and market analysts assessing regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail gasoline stations and calculated as a regional average price per gallon.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, central banks, and market analysts to monitor regional price dynamics and consumer behavior, informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into regional gasoline price trends.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Portland-Salem, OR-WA (CBSA) (APUA4257471A), retrieved from FRED.