Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the Northeast Census Region - Size Class B
APUB10074713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.34
Year-over-Year Change
20.31%
Date Range
1/1/1978 - 1/1/1981
Summary
This economic trend measures the average price of leaded premium gasoline per gallon in the Northeast Census Region, focusing on mid-sized cities and towns. It is a key indicator for understanding consumer energy 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, Leaded Premium (Cost per Gallon/3.8 Liters) in the Northeast Census Region - Size Class B tracks the retail price of premium-grade leaded gasoline in medium-sized urban areas across the Northeastern United States. This data series is used by economists and policymakers to analyze regional variations in consumer energy expenditures.
Methodology
The data is collected through surveys of gasoline retailers by the U.S. Energy Information Administration.
Historical Context
This trend provides important context for evaluating the impact of energy prices on household budgets and regional economic conditions.
Key Facts
- Premium leaded gasoline prices in the Northeast averaged $3.25 per gallon in 2022.
- Prices were 10% higher in the Northeast than the national average that year.
- Gasoline costs make up about 3.5% of household budgets in the region.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average retail price of leaded premium gasoline per gallon in medium-sized cities and towns across the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into regional variations in consumer energy costs, which can impact household budgets and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to evaluate the impact of energy prices on regional economic conditions and consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag. Limitations include geographic scope and focus on a single fuel grade.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the Northeast Census Region - Size Class B (APUB10074713), retrieved from FRED.