Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Baltimore-Columbia-Towson, MD (CBSA)
This dataset tracks average price: gasoline, unleaded midgrade (cost per gallon/3.785 liters) in baltimore-columbia-towson, md (cbsa) over time.
Latest Value
3.64
Year-over-Year Change
-10.75%
Date Range
12/1/1993 - 6/1/2025
Summary
This series tracks the average price of unleaded midgrade gasoline per gallon in the Baltimore-Columbia-Towson, MD metropolitan area. It provides insights into consumer fuel costs and broader regional economic conditions.
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, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Baltimore-Columbia-Towson, MD (CBSA) is a key data series that measures the typical retail price of midgrade unleaded gasoline within the specified geographic area. This metric is closely followed by economists, policymakers, and consumers to understand regional fuel price dynamics.
Methodology
The data is collected through surveys of gasoline retailers in the Baltimore metro region.
Historical Context
Gasoline prices are a crucial input for economic analysis, consumer spending trends, and policy decisions.
Key Facts
- Gasoline is a major household expense for many consumers.
- Midgrade fuel accounts for about 20% of U.S. gasoline sales.
- Baltimore region has a population of over 2.8 million people.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average retail price of unleaded midgrade gasoline per gallon in the Baltimore-Columbia-Towson, MD metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a crucial component of consumer costs and a key indicator of regional economic conditions. This data provides important insights for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the Baltimore metropolitan area.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely monitored by government agencies, central banks, and other institutions to assess inflationary pressures, consumer spending patterns, and the broader state of the regional economy.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few weeks of the reference period. There may be some variation in reporting by individual retailers.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Baltimore-Columbia-Towson, MD (CBSA) (APUS35E74715), retrieved from FRED.