Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Boston-Cambridge-Newton, MA-NH (CBSA)
This dataset tracks average price: gasoline, unleaded midgrade (cost per gallon/3.785 liters) in boston-cambridge-newton, ma-nh (cbsa) over time.
Latest Value
3.58
Year-over-Year Change
-10.87%
Date Range
12/1/1993 - 6/1/2025
Summary
This economic trend measures the average price of unleaded midgrade gasoline in the Boston-Cambridge-Newton, MA-NH metropolitan area. It is a key indicator of consumer energy costs and regional price variations.
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 of unleaded midgrade gasoline is a widely-tracked economic indicator that reflects consumer purchasing power and regional market conditions. This data series provides a localized price point for the Boston metro area, which can be used to analyze consumer behavior and compare regional energy costs.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of fuel retailers.
Historical Context
Policymakers and economists monitor this trend to understand the impact of energy prices on household budgets and regional economic activity.
Key Facts
- Boston-area midgrade gas averaged $4.25 per gallon in June 2022.
- Gasoline prices rose 48% in the Boston metro area over the past year.
- Energy costs are a significant component of household budgets in the Northeast.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of unleaded midgrade gasoline in the Boston-Cambridge-Newton, MA-NH metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: This localized gasoline price data is relevant for understanding consumer energy costs, regional price variations, and the economic impact of energy markets in the Boston metro area.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through surveys of fuel retailers in the Boston metro region.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this gasoline price trend to assess the impact of energy costs on household budgets and regional economic activity.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month lag, and may not fully capture short-term price volatility.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Boston-Cambridge-Newton, MA-NH (CBSA) (APUS11A74715), retrieved from FRED.