Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Urban Hawaii (CBSA)
This dataset tracks average price: gasoline, leaded premium (cost per gallon/3.8 liters) in urban hawaii (cbsa) over time.
Latest Value
1.53
Year-over-Year Change
-2.30%
Date Range
1/1/1978 - 12/1/1983
Summary
This economic trend measures the average price of leaded premium gasoline in urban Hawaii. It is an important indicator for monitoring fuel costs and consumer spending in the state.
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 Urban Hawaii (CBSA) series tracks the retail price of premium unleaded gasoline in the Honolulu metropolitan area. This metric is widely used by economists and policymakers to assess cost-of-living trends and the impact of fuel prices on household budgets and business operations.
Methodology
The data is collected through surveys of gas stations and fuel retailers in the Honolulu CBSA region.
Historical Context
Gasoline prices are a key input for inflation measurements and consumer confidence assessments.
Key Facts
- Hawaii has the highest gasoline prices in the United States.
- Fuel costs are a major component of the Honolulu consumer price index.
- Leaded premium gasoline is still sold in some areas of Hawaii.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline in the Honolulu, Hawaii metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of consumer costs and inflationary pressures, making this metric important for economists, policymakers, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gas stations and fuel retailers in the Honolulu CBSA region.
Q: How is this trend used in economic policy?
A: Gasoline prices are a key input for inflation measurements and consumer confidence assessments, which inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into Honolulu-area fuel costs.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Urban Hawaii (CBSA) (APUS49F74713), retrieved from FRED.