Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the West Census Region - Size Class C
APUC40072511 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
-3.76%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of fuel oil #2 per gallon (3.785 liters) in the West Census Region for size class C. It provides important insights into energy costs and consumer spending patterns.
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: Fuel Oil #2 per Gallon (3.785 Liters) in the West Census Region - Size Class C represents the typical price paid by consumers for this key heating and transportation fuel. This metric is widely used by policymakers, analysts, and businesses to understand regional energy market dynamics.
Methodology
The data is collected through surveys of fuel distributors and retailers.
Historical Context
This trend is closely monitored for its impact on household budgets, business operations, and broader economic indicators.
Key Facts
- Fuel oil #2 is a common heating and transportation fuel.
- The West Census Region includes 13 states in the western U.S.
- Size class C represents medium-sized consumers, such as small businesses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of fuel oil #2 per gallon (3.785 liters) in the West Census Region for size class C consumers.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into regional energy costs, which impact household budgets, business operations, and broader economic indicators.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel distributors and retailers.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and businesses to understand energy market dynamics and their impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be occasional delays or limitations in coverage due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the West Census Region - Size Class C (APUC40072511), retrieved from FRED.