Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Size Class B/C
This dataset tracks average price: fuel oil #2 per gallon (3.785 liters) in size class b/c over time.
Latest Value
3.29
Year-over-Year Change
-2.61%
Date Range
1/1/1998 - 6/1/2025
Summary
This economic trend tracks the average price per gallon of fuel oil #2, a key heating and industrial fuel, for size class B/C consumers in the U.S. It provides important insights into energy costs and fuel market 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: Fuel Oil #2 per Gallon (3.785 Liters) in Size Class B/C series measures the retail price paid by medium-sized commercial and industrial consumers for this refined petroleum product. It is a useful indicator of energy input costs for businesses and the overall state of the distillate fuel oil market.
Methodology
The data is collected through surveys of fuel oil retailers by the U.S. Energy Information Administration.
Historical Context
Policymakers and analysts monitor this trend to assess the impact of factors like supply, demand, and taxes on fuel oil prices.
Key Facts
- Fuel oil #2 is a common heating and industrial fuel in the U.S.
- Size class B/C covers medium-sized commercial and industrial consumers.
- Prices can fluctuate based on global crude oil markets and domestic refining capacity.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average retail price paid per gallon of fuel oil #2 by medium-sized commercial and industrial consumers in the U.S.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into energy input costs for businesses and the overall state of the distillate fuel oil market, which is important for assessing economic conditions and inflation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel oil retailers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the impact of factors like supply, demand, and taxes on fuel oil prices, which can affect broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may not fully capture all regional or local market variations.
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Citation
U.S. Federal Reserve, Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Size Class B/C (APUN00072511), retrieved from FRED.