Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Los Angeles-Long Beach-Anaheim, CA (CBSA)
APUS49A74713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.42
Year-over-Year Change
7.65%
Date Range
1/1/1978 - 9/1/1982
Summary
This trend measures the average price of leaded premium gasoline per gallon in the Los Angeles-Long Beach-Anaheim metropolitan area. As a key indicator of consumer fuel costs, it provides important insights into regional price dynamics and consumer spending.
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 Los Angeles-Long Beach-Anaheim, CA (CBSA) series tracks the average retail price of leaded premium gasoline sold within the Los Angeles metro area. This metric is widely used by economists, policymakers, and market analysts to monitor consumer energy costs and their impact on household budgets and broader economic trends.
Methodology
The data is collected through surveys of fuel retailers in the Los Angeles region.
Historical Context
This gasoline price trend is a valuable input for evaluating consumer price inflation, household spending patterns, and the broader state of the regional economy.
Key Facts
- Los Angeles has some of the highest gasoline prices in the U.S.
- Leaded premium fuel accounts for a small but significant share of total gasoline sales.
- Prices fluctuate seasonally and with global oil market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline sold in the Los Angeles-Long Beach-Anaheim metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: As a key indicator of consumer fuel costs, this trend provides important insights into regional price dynamics and their impact on household budgets and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Los Angeles metropolitan region.
Q: How is this trend used in economic policy?
A: This gasoline price trend is a valuable input for evaluating consumer price inflation, household spending patterns, and the broader state of the regional economy.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays, providing timely insights into regional fuel price conditions.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Los Angeles-Long Beach-Anaheim, CA (CBSA) (APUS49A74713), retrieved from FRED.