Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in City - Size Class B
This dataset tracks average price: gasoline, unleaded regular (cost per gallon/3.785 liters) in city - size class b over time.
Latest Value
1.18
Year-over-Year Change
-6.58%
Date Range
1/1/1987 - 12/1/1997
Summary
This economic trend measures the average price of unleaded regular gasoline in U.S. cities of medium size. It provides valuable insights into consumer spending and energy market conditions.
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 Regular trend tracks the cost per gallon of unleaded regular gasoline in medium-sized U.S. cities. This metric is a key indicator of consumer purchasing power and overall economic activity.
Methodology
The data is collected through surveys of gas stations and retail outlets across the country.
Historical Context
Policymakers and analysts use this trend to assess the impact of fuel prices on household budgets and businesses.
Key Facts
- Gasoline prices impact household budgets and business costs.
- Medium-sized cities are important economic hubs.
- The data is collected through surveys of gas stations nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of unleaded regular gasoline in medium-sized U.S. cities, providing insights into consumer spending and energy market conditions.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key driver of consumer spending and business costs, making this trend important for understanding broader economic activity and pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gas stations and retail outlets across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the impact of fuel prices on household budgets and businesses, informing decisions on economic and energy policies.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in reporting from survey participants.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in City - Size Class B (APUB00074714), retrieved from FRED.