Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the West Census Region - Size Class D
APUD4007471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.79
Year-over-Year Change
-32.54%
Date Range
1/1/1978 - 12/1/1986
Summary
This economic trend measures the average price of gasoline in the Western U.S. for smaller-sized vehicles. It provides important insights into regional fuel 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: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the West Census Region - Size Class D trend tracks the retail price of gasoline for smaller vehicles in the Western United States. It is a key indicator of energy costs and a factor in household budgets and transportation expenditures.
Methodology
The data is collected through surveys of gasoline retailers in the region.
Historical Context
This trend is used by policymakers, analysts, and consumers to monitor changes in regional fuel markets and their economic impacts.
Key Facts
- Gasoline is a major household expense for many Americans.
- Fuel costs can impact consumer spending and business operations.
- Regional price variations reflect differences in supply, taxes, and other factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of gasoline for smaller vehicles in the Western United States census region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into regional fuel costs, which can impact consumer spending, transportation budgets, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the Western U.S. census region.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and consumers use this trend to monitor changes in regional fuel markets and assess their economic impacts.
Q: Are there update delays or limitations?
A: The data is published with a short delay and may not capture immediate price fluctuations.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the West Census Region - Size Class D (APUD4007471A), retrieved from FRED.