Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the Northeast Census Region - Size Class B
This dataset tracks average price: gasoline, leaded premium (cost per gallon/3.8 liters) in the northeast census region - size class b over time.
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.
Related News
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. Natural Gas Storage Increases Due to Market Dynamics
Navigating Market Volatility: U.S. Natural Gas Storage Strategies and Trends Understanding the dynamics of the U.S. natural gas storage sector is crucial as it plays a central role in shaping the energy market. The storage of natural gas is not just about logistics; it represents a strategic resource ensuring energy availability and stability in times of fluctuating supply and demand. Market volatility affects the price and availability of natural gas, and by extension, decisions regarding its
U.S. Stocks Hit Records; Gold Surges, Bitcoin Declines
U.S. Stock Market Soars Amid Treasury Yield Concerns Despite ongoing global uncertainties, the U.S. stock market has defied expectations, setting unprecedented records this year. The surge of the stock indices reflects the market's buoyancy despite economic fluctuations. Major indicators like the Dow Jones, S&P 500, and Nasdaq have all reached new highs, signifying the resilience of equities in the current financial landscape. Meanwhile, gold prices have surged, reinforcing its status as a safe
US economic growth slows amid rising inflation concerns
US Economic Growth Slows Amid Inflation and Rising Interest Rates The US economy, a crucial indicator of its global standing, is facing a slow growth trajectory. Recent data suggest that inflationary pressures and rising interest rates are the chief culprits in this deceleration. With the Consumer Price Index reflecting heightened inflation and the Federal Reserve adjusting interest rates, the interplay of these factors raises significant concerns for economic stability. These developments furt
U.S. Natural Gas Prices Rise Due to Warmer Weather Forecasts
U.S. Natural Gas Prices Surge: Economic and Weather Patterns at Play The current surge in U.S. natural gas prices is reshaping the energy market landscape. Recent weather forecasts, combined with robust economic patterns, are pushing these prices skyward, affecting individuals and industries alike. This uptrend intertwines with broader energy market dynamics, such as climate patterns and economic impacts. Understanding these interconnected factors helps explain the increasingly volatile natural
U.S. mortgage rates decline aligns with housing price cuts
U.S. Real Estate: Mortgage Rates Plummet Mortgage rates in the U.S. have experienced a notable drop, marking some of the most significant cuts in recent years. This shift comes at a time when the housing market is adjusting with substantial price reductions, offering potential homebuyers opportunities. The interconnectedness of mortgage rates with the broader economic trends cannot be understated. Lower interest rates often mean cheaper loans, potentially sparking more activity in the real esta
Similar APUB Trends
Average Price: Electricity per 500 Kilowatt-Hour in City - Size Class B
APUB00072621
Average Price: Electricity per 500 Kilowatt-Hour in the Northeast Census Region - Size Class B
APUB10072621
Average Price: Electricity per Kilowatt-Hour in City - Size Class B
APUB00072610
Average Price: Electricity per Kilowatt-Hour in the South Census Region - Size Class B
APUB30072610
Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in City - Size Class B
APUB00072511
Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in City - Size Class B
APUB0007471A
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.