Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Phoenix-Mesa-Scottsdale, AZ (CBSA)
APUS48A74714 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.42
Year-over-Year Change
-7.52%
Date Range
1/1/2018 - 6/1/2025
Summary
This trend measures the average price of unleaded regular gasoline in the Phoenix-Mesa-Scottsdale, AZ metropolitan area. It is a key indicator of consumer energy costs and overall inflation.
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 Regular trend tracks the average cost per gallon of unleaded regular gasoline in the Phoenix-Mesa-Scottsdale, AZ core-based statistical area (CBSA). This data is widely used by economists, policymakers, and consumers to understand energy price dynamics and their impact on the broader economy.
Methodology
The data is collected through regular surveys of gasoline stations in the Phoenix metro region.
Historical Context
Gasoline prices are a crucial input to macroeconomic analysis and policy decisions.
Key Facts
- Phoenix-Mesa-Scottsdale CBSA has a population of over 4.9 million.
- Gasoline accounts for over 3.5% of the Consumer Price Index (CPI) in the U.S.
- The U.S. consumed over 142 billion gallons of gasoline in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per gallon of unleaded regular gasoline in the Phoenix-Mesa-Scottsdale, AZ metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer energy costs and overall inflation, making this data crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of gasoline stations in the Phoenix metro region.
Q: How is this trend used in economic policy?
A: Gasoline prices are a crucial input for macroeconomic analysis and policy decisions, as they impact consumer spending, inflation, and the broader economy.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delay, reflecting the real-time nature of gasoline pricing.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Phoenix-Mesa-Scottsdale, AZ (CBSA) (APUS48A74714), retrieved from FRED.