Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Houston-The Woodlands-Sugar Land, TX (CBSA)
This dataset tracks average price: gasoline, leaded regular (cost per gallon/3.8 liters) in houston-the woodlands-sugar land, tx (cbsa) over time.
Latest Value
0.97
Year-over-Year Change
19.09%
Date Range
1/1/1978 - 4/1/1989
Summary
This economic trend measures the average price of leaded regular gasoline per gallon in the Houston-The Woodlands-Sugar Land, TX metropolitan area. It provides valuable insights into consumer fuel costs and regional price dynamics.
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 tracks the average retail price paid by consumers for a gallon of leaded regular gasoline in the Houston-The Woodlands-Sugar Land, TX combined statistical area. This data point is widely used by economists, policymakers, and market analysts to assess the cost of living, inflationary pressures, and consumer spending patterns.
Methodology
The data is collected through surveys of fuel retailers in the region and calculated as the average price per gallon.
Historical Context
This economic indicator is closely monitored by the Federal Reserve and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Houston-The Woodlands-Sugar Land, TX is the 5th largest metropolitan area in the United States.
- The price of leaded regular gasoline accounts for a significant portion of household budgets.
- Gasoline prices are a key driver of overall inflation in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for a gallon of leaded regular gasoline in the Houston-The Woodlands-Sugar Land, TX metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the cost of living, consumer spending patterns, and inflationary pressures in the Houston region, which is a major economic hub.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Houston-The Woodlands-Sugar Land, TX area and calculated as the average price per gallon.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other policymakers closely monitor this indicator to inform monetary and fiscal policy decisions that impact consumer spending, inflation, and regional economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a relatively short delay, typically within a few weeks of the reference period. However, the survey-based nature of the data collection may introduce some limitations in terms of geographic coverage and timeliness.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Houston-The Woodlands-Sugar Land, TX (CBSA) (APUS37B74712), retrieved from FRED.