Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in Size Class D
This dataset tracks average price: automotive diesel fuel (cost per gallon/3.785 liters) in size class d over time.
Latest Value
2.78
Year-over-Year Change
14.00%
Date Range
1/1/1998 - 12/1/2017
Summary
This economic trend measures the average price of automotive diesel fuel in the United States, providing insights into energy costs and transportation industry 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: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in Size Class D trend reports the national average price for on-highway diesel fuel used in commercial vehicles and transportation sectors. It is a key indicator for analyzing energy expenditures, transportation costs, and the broader economic impacts of fuel prices.
Methodology
The data is collected and reported by the U.S. Energy Information Administration through surveys of retail fuel stations across the country.
Historical Context
This metric is closely monitored by policymakers, logistics firms, and macroeconomic analysts to assess the state of the transportation industry and its influence on overall economic conditions.
Key Facts
- Diesel fuel accounts for over 20% of total U.S. transportation energy consumption.
- The average price of diesel fuel can significantly impact profit margins for trucking, logistics, and freight companies.
- Changes in diesel prices are often reflected in the prices of consumer goods and services due to transportation costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the national average price of on-highway diesel fuel used in commercial vehicles and the transportation industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: The diesel fuel price trend is a key indicator for understanding transportation costs, energy expenditures, and the broader economic impacts of fluctuating fuel prices.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Energy Information Administration through surveys of retail fuel stations across the country.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, logistics firms, and macroeconomic analysts to assess the state of the transportation industry and its influence on overall economic conditions.
Q: Are there update delays or limitations?
A: The data is reported on a weekly basis, with no significant delays, and provides a reliable national average for on-highway diesel fuel prices.
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Citation
U.S. Federal Reserve, Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in Size Class D (APUD00074717), retrieved from FRED.