Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the Northeast Census Region - Size Class C
This dataset tracks average price: gasoline, leaded premium (cost per gallon/3.8 liters) in the northeast census region - size class c over time.
Latest Value
1.29
Year-over-Year Change
48.73%
Date Range
1/1/1978 - 5/1/1980
Summary
This economic trend measures the average price of leaded premium gasoline per gallon in the Northeast Census Region, specifically for size class C vehicles. This data is important for understanding regional fuel price dynamics and consumer behavior.
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 C series tracks the average retail price of premium leaded gasoline in the northeastern United States for mid-size passenger vehicles. This metric is a key indicator of regional energy costs and consumer spending patterns.
Methodology
The data is collected through surveys of fuel retailers in the Northeast region.
Historical Context
Policymakers and market analysts use this series to assess the impact of energy prices on household budgets and the broader economy.
Key Facts
- The Northeast region includes CT, ME, MA, NH, NJ, NY, PA, RI, and VT.
- Size class C refers to mid-size passenger vehicles.
- Gasoline prices can significantly impact household budgets and consumer behavior.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline per gallon in the Northeast Census Region, specifically for mid-size passenger vehicles (size class C).
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding regional energy cost dynamics and consumer spending patterns, which are key considerations for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Northeast region.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this series to assess the impact of energy prices on household budgets and the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of the Federal Reserve's reporting.
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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 C (APUC10074713), retrieved from FRED.