Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in New York-Newark-Jersey City, NY-NJ-PA (CBSA)
APUS12A74716 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.95
Year-over-Year Change
-10.79%
Date Range
9/1/1981 - 6/1/2025
Summary
This economic trend measures the average price of unleaded premium gasoline per gallon in the New York-Newark-Jersey City metropolitan area. It provides important insights into consumer spending and the regional cost of living.
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 Premium series tracks the retail price consumers pay for a gallon of premium unleaded gasoline in the New York-Newark-Jersey City, NY-NJ-PA Combined Statistical Area. This metric is a key indicator of transportation and household costs in the region.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through regular surveys of fuel retailers.
Historical Context
This gasoline price trend is closely monitored by policymakers, economists, and consumers to assess inflationary pressures and the overall cost of living.
Key Facts
- Premium gasoline prices in the New York metro area averaged $4.58 per gallon in 2022.
- Gasoline prices in the region reached a record high of $5.02 per gallon in June 2022.
- Prices have fluctuated significantly in recent years due to global oil market dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded premium gasoline per gallon in the New York-Newark-Jersey City, NY-NJ-PA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This gasoline price metric is a key indicator of transportation and household costs in the region, providing insights into consumer spending and the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through regular surveys of fuel retailers in the metro area.
Q: How is this trend used in economic policy?
A: This gasoline price trend is closely monitored by policymakers, economists, and consumers to assess inflationary pressures and the overall cost of living in the region.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into changing gasoline prices in the New York metro area.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in New York-Newark-Jersey City, NY-NJ-PA (CBSA) (APUS12A74716), retrieved from FRED.