Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Washington-Arlington-Alexandria, DC-VA-MD-WV (CBSA)
APUS35A74712 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.93
Year-over-Year Change
9.08%
Date Range
1/1/1978 - 3/1/1988
Summary
This trend measures the average price per gallon of leaded regular gasoline in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area. It is a key indicator of consumer fuel costs and an important input for economic analysis and policy decisions.
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, Leaded Regular trend represents the average retail price paid by consumers for a gallon of leaded regular gasoline in the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area. This metric is widely tracked by economists, policymakers, and the public to understand household expenditures and the broader state of the economy.
Methodology
The data is collected through surveys of gasoline retailers in the region.
Historical Context
This trend is closely monitored for its implications on consumer spending, inflation, and the broader economic health.
Key Facts
- Gasoline is a major household expense for many consumers.
- Prices can fluctuate significantly based on supply, demand, and other market factors.
- The Washington-Arlington-Alexandria metro area is a major economic hub.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per gallon of leaded regular gasoline in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer spending and a leading indicator of inflation. This trend provides important insights into household costs and the broader economic conditions in the Washington region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the Washington-Arlington-Alexandria metropolitan area.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to understand consumer behavior, inform fiscal and monetary policy decisions, and assess the overall state of the regional economy.
Q: Are there update delays or limitations?
A: The data is published with a short delay, and it may not fully capture price variations across all retailers in the region.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Washington-Arlington-Alexandria, DC-VA-MD-WV (CBSA) (APUS35A74712), retrieved from FRED.