Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Seattle-Tacoma-Bellevue WA (CBSA)
This dataset tracks average price: gasoline, leaded premium (cost per gallon/3.8 liters) in seattle-tacoma-bellevue wa (cbsa) over time.
Latest Value
1.43
Year-over-Year Change
9.92%
Date Range
1/1/1978 - 3/1/1981
Summary
This economic trend measures the average price of leaded premium gasoline per gallon in the Seattle-Tacoma-Bellevue metropolitan area. Tracking fuel prices is crucial for understanding consumer spending and inflationary pressures.
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 Seattle-Tacoma-Bellevue WA (CBSA) series provides a localized measure of fuel costs that is relevant for policymakers and market analysts in the Pacific Northwest region.
Methodology
The data is collected through surveys of fuel retailers in the metropolitan area.
Historical Context
Gasoline prices are a key input for models of consumer behavior and transportation costs.
Key Facts
- The average price of leaded premium gasoline in Seattle-Tacoma-Bellevue is reported in U.S. dollars per gallon.
- Gasoline prices in the Seattle metro area tend to be higher than the national average.
- This data series has been tracked by the U.S. Federal Reserve since the 1980s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline per gallon in the Seattle-Tacoma-Bellevue metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key input for models of consumer spending, transportation costs, and inflationary pressures in regional economies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Seattle-Tacoma-Bellevue metropolitan area.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to monitor consumer price dynamics and the broader economic conditions in the Pacific Northwest region.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the reference period.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Seattle-Tacoma-Bellevue WA (CBSA) (APUS49D74713), retrieved from FRED.