Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in New York-Newark-Jersey City, NY-NJ-PA (CBSA)
APUS12A74715 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.64
Year-over-Year Change
-10.93%
Date Range
12/1/1993 - 6/1/2025
Summary
This economic trend measures the average price of unleaded midgrade gasoline per gallon in the New York-Newark-Jersey City metropolitan area. It provides insight into consumer fuel costs and price dynamics in a major U.S. metropolitan region.
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, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in New York-Newark-Jersey City, NY-NJ-PA (CBSA) series tracks the average retail price paid by consumers for this fuel type in the given geographic area. It is an important indicator of regional energy costs and consumer purchasing power.
Methodology
The data is collected through surveys of fuel retailers in the metropolitan area.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to understand consumer behavior and the economic impact of energy prices.
Key Facts
- Gasoline is a major household expense for many consumers.
- Fuel prices can significantly impact consumer spending and economic activity.
- The New York metro area is a major U.S. population and economic center.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded midgrade gasoline per gallon in the New York-Newark-Jersey City metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer fuel costs and price dynamics in a major U.S. urban region, which is important for understanding consumer behavior and the economic impact of energy prices.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the New York-Newark-Jersey City metropolitan area.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to understand consumer behavior and the economic impact of energy prices.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but may be subject to minor delays in availability.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in New York-Newark-Jersey City, NY-NJ-PA (CBSA) (APUS12A74715), retrieved from FRED.