Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in New York-Newark-Jersey City, NY-NJ-PA (CBSA)
APUS12A74714 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.14
Year-over-Year Change
-12.07%
Date Range
1/1/1978 - 6/1/2025
Summary
This economic trend measures the average price of unleaded regular gasoline in the New York-Newark-Jersey City metropolitan area. It is a key indicator of consumer prices and household spending.
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 regular gasoline is a widely tracked economic statistic that reflects the cost of a core household expense. It is used to analyze consumer purchasing power, inflation, and broader economic conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through regular surveys of fuel retailers.
Historical Context
Gasoline prices are closely monitored by policymakers, businesses, and consumers to assess the broader economic climate.
Key Facts
- Gasoline is a major household expense for most Americans.
- Prices can fluctuate significantly based on global oil markets.
- Trends in gasoline prices impact consumer confidence and spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of unleaded regular gasoline in the New York-Newark-Jersey City metropolitan area, a key indicator of consumer prices.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a widely watched metric that reflects household spending power and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through regular surveys of fuel retailers.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely monitored by policymakers, businesses, and consumers to assess the broader economic climate.
Q: Are there update delays or limitations?
A: The data is published with a short lag and may not fully capture rapid price fluctuations.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in New York-Newark-Jersey City, NY-NJ-PA (CBSA) (APUS12A74714), retrieved from FRED.