Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Boston-Cambridge-Newton, MA-NH (CBSA)
APUS11A72511 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
-14.90%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend tracks the average price of Fuel Oil #2 per gallon (3.785 liters) in the Boston-Cambridge-Newton, MA-NH metropolitan area. It provides valuable insights into the cost of home heating oil, a key component of household energy expenditures.
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 Fuel Oil #2 price trend is a key indicator of home heating costs for consumers in the Boston metropolitan region. It reflects price changes in the regional wholesale and retail markets for this important residential and commercial fuel source.
Methodology
The data is collected through a monthly survey of fuel oil retailers in the Boston area.
Historical Context
This trend is closely watched by policymakers, energy analysts, and consumers to assess heating affordability and the broader economic impacts of fluctuating fuel prices.
Key Facts
- Fuel Oil #2 is a common home heating fuel in the Northeast U.S.
- Prices can fluctuate seasonally and due to global energy market dynamics.
- Heating oil costs significantly impact household budgets in colder regions.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the average retail price of Fuel Oil #2, a common home heating fuel, in the Boston metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Fuel oil prices are a key indicator of home heating costs, which significantly impact household budgets in colder regions.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of fuel oil retailers in the Boston area.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers, energy analysts, and consumers to assess heating affordability and the broader economic impacts of fluctuating fuel prices.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Boston-Cambridge-Newton, MA-NH (CBSA) (APUS11A72511), retrieved from FRED.