Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Phoenix-Mesa-Scottsdale, AZ (CBSA)
APUS48A7471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.57
Year-over-Year Change
-7.09%
Date Range
1/1/2018 - 6/1/2025
Summary
This economic trend measures the average price of gasoline, including all types, in the Phoenix-Mesa-Scottsdale metropolitan area of Arizona. It is an important indicator of consumer spending and 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, All Types (Cost per Gallon/3.785 Liters) in Phoenix-Mesa-Scottsdale, AZ (CBSA) tracks the average retail price paid by consumers for gasoline in this major urban area. This data point is closely watched by economists, policymakers, and market analysts as a proxy for cost-of-living and inflationary pressures.
Methodology
The data is collected through regular surveys of gasoline retailers in the region.
Historical Context
Fluctuations in this gasoline price metric can influence consumer confidence, transportation costs, and broader economic trends.
Key Facts
- Gasoline is a major household expense in the Phoenix metropolitan area.
- This metric is tracked closely by the Federal Reserve and other policymakers.
- Prices can fluctuate significantly based on global oil markets and local supply/demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for gasoline, including all types, in the Phoenix-Mesa-Scottsdale metropolitan area of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Fluctuations in regional gasoline prices are an important indicator of consumer spending, transportation costs, and broader economic conditions in the Phoenix area.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of gasoline retailers in the Phoenix-Mesa-Scottsdale metropolitan region.
Q: How is this trend used in economic policy?
A: This gasoline price metric is closely watched by the Federal Reserve and other policymakers as a proxy for inflationary pressures and consumer confidence.
Q: Are there update delays or limitations?
A: The data is published with minimal delays, though it may not capture rapid, short-term price fluctuations.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Phoenix-Mesa-Scottsdale, AZ (CBSA) (APUS48A7471A), retrieved from FRED.