Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Denver-Aurora-Lakewood, CO (CBSA)
APUS48B74713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.29
Year-over-Year Change
28.39%
Date Range
1/1/1978 - 9/1/1980
Summary
This economic trend measures the average price of leaded premium gasoline per gallon in the Denver-Aurora-Lakewood, CO metropolitan area. It provides insights into regional fuel costs for consumers and businesses.
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 (Cost per Gallon/3.8 Liters) in Denver-Aurora-Lakewood, CO (CBSA) series tracks the nominal retail price of premium gasoline in the Denver metropolitan statistical area. This metric is a key indicator of regional transportation and energy costs.
Methodology
The data is collected through surveys of fuel retailers in the Denver area and aggregated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts use this trend to assess the impact of energy prices on local consumers and businesses.
Key Facts
- Premium gasoline prices in Denver averaged $4.00 per gallon in 2022.
- Gasoline prices in Denver are typically higher than the national average.
- Fuel costs are a significant input for many Denver-area businesses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline per gallon in the Denver-Aurora-Lakewood, CO metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into regional transportation and energy costs, which are important for consumers, businesses, and policymakers in the Denver area.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Denver metropolitan area and aggregated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the impact of energy prices on local consumers and businesses in the Denver region.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Denver-Aurora-Lakewood, CO (CBSA) (APUS48B74713), retrieved from FRED.