Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in New York-Newark-Jersey City, NY-NJ-PA (CBSA)
APUS12A7471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.27
Year-over-Year Change
-11.80%
Date Range
1/1/1978 - 6/1/2025
Summary
This trend measures the average price of gasoline, including all types, in the New York-Newark-Jersey City metropolitan area. It is a key economic indicator tracked by policymakers and consumers to understand fuel costs and consumer 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: Gasoline, All Types trend represents the average retail price per gallon of gasoline in the New York-Newark-Jersey City region. It is a widely followed metric that provides insight into consumer behavior, transportation costs, and broader inflationary pressures.
Methodology
The data is collected through surveys of gasoline retailers in the metro area.
Historical Context
This trend is closely monitored by economists, policymakers, and market analysts to assess energy and consumer price dynamics.
Key Facts
- New York metro area is one of the largest gasoline markets in the U.S.
- Gasoline prices account for a significant portion of household budgets.
- Fluctuations in this trend can impact broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per gallon of gasoline, including all types, in the New York-Newark-Jersey City metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer behavior, transportation costs, and broader inflationary pressures, making it a key economic indicator tracked by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the New York-Newark-Jersey City metropolitan area.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and market analysts to assess energy and consumer price dynamics, which can inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be occasional delays or limitations in coverage due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in New York-Newark-Jersey City, NY-NJ-PA (CBSA) (APUS12A7471A), retrieved from FRED.