Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Size Class D
APUD20074717 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.77
Year-over-Year Change
14.13%
Date Range
9/1/2007 - 12/1/2017
Summary
This economic trend measures the average price of automotive diesel fuel in the Midwest Census Region, providing valuable insights into energy costs and transportation logistics.
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 the Midwest Census Region - Size Class D represents the average price per gallon of diesel fuel in the Midwest region, which is an important indicator for industries and consumers reliant on transportation and distribution.
Methodology
The data is collected and reported by the U.S. Energy Information Administration.
Historical Context
This trend is closely monitored by policymakers, businesses, and consumers to assess the impact of energy prices on the regional and national economy.
Key Facts
- Diesel fuel is a critical input for the transportation and logistics industries.
- The Midwest region accounts for a significant share of U.S. diesel fuel consumption.
- Fluctuations in diesel prices can impact inflation, consumer spending, and business profitability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per gallon of automotive diesel fuel in the Midwest Census Region, providing insights into a key energy cost for transportation and logistics.
Q: Why is this trend relevant for users or analysts?
A: Diesel fuel prices are a crucial indicator for businesses, policymakers, and consumers, as they impact transportation costs, inflation, and the overall economic health of the Midwest region.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and market analysts to assess the impact of energy prices on the regional and national economy, informing decisions related to transportation, logistics, and fiscal policy.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the U.S. Energy Information Administration, with potential for minor delays or revisions over time.
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Citation
U.S. Energy Information Administration, Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Size Class D (APUD20074717), retrieved from FRED.