Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA)
APUS12B72511 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-16.91%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of fuel oil #2 per gallon in the Philadelphia-Camden-Wilmington metropolitan area. It provides important insights into energy costs and consumer spending patterns.
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: Fuel Oil #2 per Gallon (3.785 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) trend tracks the retail price of a common home heating fuel. This data is used by economists and policymakers to analyze regional energy markets and consumer behavior.
Methodology
The data is collected through surveys of fuel oil retailers in the metro area.
Historical Context
This trend is relevant for understanding household energy expenditures and informing energy policy decisions.
Key Facts
- Fuel oil #2 is a common home heating fuel in the Northeast U.S.
- Prices can fluctuate seasonally and with global energy market dynamics.
- The Philadelphia metro area is a major consumer of fuel oil for residential heating.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of fuel oil #2 per gallon in the Philadelphia-Camden-Wilmington metro area.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into regional energy costs and consumer spending patterns, which are key factors for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel oil retailers in the Philadelphia-Camden-Wilmington metropolitan area.
Q: How is this trend used in economic policy?
A: This trend is used to understand household energy expenditures and inform energy policy decisions at the regional and national levels.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be lags in reporting from some retailers.
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Citation
U.S. Federal Reserve, Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) (APUS12B72511), retrieved from FRED.