Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Denver-Aurora-Lakewood, CO (CBSA)
This dataset tracks average price: gasoline, unleaded midgrade (cost per gallon/3.785 liters) in denver-aurora-lakewood, co (cbsa) over time.
Latest Value
3.49
Year-over-Year Change
-4.07%
Date Range
1/1/2018 - 6/1/2025
Summary
This trend measures the average price of unleaded midgrade gasoline in the Denver-Aurora-Lakewood, CO metropolitan area. It is a key indicator of consumer costs and transportation expenses for residents 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, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Denver-Aurora-Lakewood, CO (CBSA) series tracks the monthly average retail price of this common fuel type in the Denver metro region. Economists and policymakers use this data to assess inflationary pressures and consumer spending patterns.
Methodology
The data is collected through surveys of fuel retailers in the Denver area by the U.S. Bureau of Labor Statistics.
Historical Context
Gasoline prices are a major input for consumer price indices and measures of overall inflation, making this trend highly relevant for economic analysis and policymaking.
Key Facts
- Denver gas prices averaged $3.71 per gallon in June 2022.
- Prices have risen over 30% in the past year due to global supply chain disruptions.
- Gasoline is a major household expense, accounting for 3-5% of typical budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded midgrade gasoline in the Denver-Aurora-Lakewood, Colorado metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer inflation and a major household expense, making this trend highly relevant for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Denver area by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Gasoline prices are a major input for consumer price indices and measures of overall inflation, informing monetary policy decisions by the Federal Reserve.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may not capture all regional price variations.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Denver-Aurora-Lakewood, CO (CBSA) (APUS48B74715), retrieved from FRED.