Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the South Census Region - Size Class B
APUB3007471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.22
Year-over-Year Change
-6.86%
Date Range
1/1/1978 - 12/1/1997
Summary
This trend measures the average price of gasoline, all types, in the South Census Region for size class B. It provides valuable insights into consumer fuel 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 of gasoline in the South Census Region, size class B, is a key economic indicator that reflects consumer purchasing power and transportation costs. This metric is widely used by policymakers, analysts, and businesses to understand regional price trends and their impact on household budgets and the broader economy.
Methodology
The data is collected through surveys of retail gasoline outlets and calculated as the average price per gallon.
Historical Context
Gasoline prices are a critical factor in consumer spending, inflation, and transportation-related industries.
Key Facts
- The South Census Region includes 16 states, including Texas, Florida, and Georgia.
- Size class B refers to metropolitan areas with populations between 50,000 and 200,000.
- Gasoline prices are a significant component of the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of gasoline, including all types, in the South Census Region for size class B metropolitan areas.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a critical component of consumer spending and a key indicator of regional price dynamics, making this trend highly relevant for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail gasoline outlets and calculated as the average price per gallon.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the impact of gasoline prices on consumer behavior, inflation, and transportation-related industries.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with potential for minor delays in reporting due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the South Census Region - Size Class B (APUB3007471A), retrieved from FRED.