Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Washington-Arlington-Alexandria, DC-VA-MD-WV (CBSA)
This dataset tracks average price: gasoline, leaded premium (cost per gallon/3.8 liters) in washington-arlington-alexandria, dc-va-md-wv (cbsa) over time.
Latest Value
1.32
Year-over-Year Change
30.66%
Date Range
1/1/1978 - 9/1/1980
Summary
This economic trend measures the average price of leaded premium gasoline per gallon in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area. It provides important data on consumer fuel costs and regional price variations.
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 Premium trend represents the typical price paid by consumers for a gallon of high-octane premium gasoline in the specified metro area. This data is used by economists, policymakers, and market analysts to understand regional energy price dynamics and consumer spending patterns.
Methodology
The data is collected through surveys of gasoline retailers in the region.
Historical Context
This economic indicator is relevant for understanding inflation, consumer behavior, and the state of regional energy markets.
Key Facts
- Premium gasoline prices can vary significantly by region.
- Fuel costs are a major component of household budgets.
- Energy prices influence broader measures of consumer inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by consumers for a gallon of leaded premium gasoline in the Washington-Arlington-Alexandria metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding regional energy price dynamics, consumer spending patterns, and broader measures of inflation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the Washington-Arlington-Alexandria metro area.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to assess the state of regional energy markets and consumer behavior.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely information on premium gasoline prices in the region.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Washington-Arlington-Alexandria, DC-VA-MD-WV (CBSA) (APUS35A74713), retrieved from FRED.