Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Size Class A
This dataset tracks average price: automotive diesel fuel (cost per gallon/3.785 liters) in the midwest census region - size class a over time.
Latest Value
3.56
Year-over-Year Change
-6.78%
Date Range
1/1/1998 - 6/1/2025
Summary
This economic trend measures the average price of automotive diesel fuel per gallon in the Midwest region of the United States, specifically for larger retail outlets. It provides valuable insights into energy costs and industrial activity in this key economic area.
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: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Size Class A is a key indicator of diesel fuel prices for larger retailers in the Midwest. It is used by economists, policymakers, and industry analysts to understand energy costs and their impact on regional economic performance.
Methodology
The data is collected through surveys of fuel retailers in the Midwest region.
Historical Context
This trend is closely monitored by policymakers and industry groups to assess the state of the Midwest economy and the broader energy market.
Key Facts
- The Midwest region accounts for over 25% of U.S. diesel fuel consumption.
- Diesel fuel prices are a key input cost for many Midwest industries, including manufacturing and transportation.
- The Midwest is a major hub for agricultural production, making diesel fuel prices a critical factor for farm operations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of automotive diesel fuel per gallon in the Midwest region of the United States, specifically for larger retail outlets (Size Class A).
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding energy costs and their impact on economic activity in the Midwest, a key industrial and agricultural region of the U.S.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Midwest region.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and industry groups to assess the state of the Midwest economy and the broader energy market.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into Midwest diesel fuel prices.
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Citation
U.S. Federal Reserve, Average Price: Automotive Diesel Fuel (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Size Class A (APUS20074717), retrieved from FRED.