Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Boston-Cambridge-Newton, MA-NH (CBSA)
This dataset tracks average price: gasoline, leaded regular (cost per gallon/3.8 liters) in boston-cambridge-newton, ma-nh (cbsa) over time.
Latest Value
0.97
Year-over-Year Change
4.63%
Date Range
1/1/1978 - 1/1/1989
Summary
This economic trend measures the average price of leaded regular gasoline per gallon in the Boston-Cambridge-Newton metropolitan area. It provides important insights into consumer spending and transportation costs in a major U.S. market.
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, Leaded Regular (Cost per Gallon/3.8 Liters) in Boston-Cambridge-Newton, MA-NH (CBSA) series tracks the retail price of this common automotive fuel in a key northeastern urban region. This data is widely used by policymakers, economists, and industry analysts to understand regional cost-of-living and consumer behavior trends.
Methodology
The data is collected through regular surveys of gasoline retailers in the Boston metropolitan statistical area.
Historical Context
Gasoline prices are a critical economic indicator that influence consumer spending, transportation costs, and broader inflationary pressures.
Key Facts
- Gasoline is the largest household transportation expense for most Americans.
- Prices can vary significantly by region due to factors like taxes, supply, and distribution.
- Volatile gasoline prices are closely watched by the Federal Reserve for their impact on inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded regular gasoline per gallon in the Boston-Cambridge-Newton, MA-NH metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a critical economic indicator that influence consumer spending, transportation costs, and broader inflationary pressures. This regional data provides important insights for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of gasoline retailers in the Boston metropolitan statistical area.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely monitored by the Federal Reserve and other policymakers for their impact on consumer spending, transportation costs, and overall inflation. This regional data helps inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly, but may have some delay in reflecting the most current retail prices in the Boston metro area.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Boston-Cambridge-Newton, MA-NH (CBSA) (APUS11A74712), retrieved from FRED.