Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Urban Alaska (CBSA)
This dataset tracks average price: fuel oil #2 per gallon (3.785 liters) in urban alaska (cbsa) over time.
Latest Value
0.80
Year-over-Year Change
-29.72%
Date Range
11/1/1978 - 12/1/1986
Summary
This economic trend measures the average price per gallon of Fuel Oil #2 in urban areas of Alaska. It provides insight into energy costs and household expenditures for a critical heating fuel in cold climates.
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: Fuel Oil #2 per Gallon (3.785 Liters) in Urban Alaska (CBSA) tracks the retail price of a common home heating fuel in major Alaskan population centers. This data is used by economists and policymakers to monitor consumer energy costs and assess the impact on household budgets.
Methodology
The data is collected through surveys of fuel oil retailers in metropolitan Alaska regions.
Historical Context
Fuel oil prices are closely watched as they affect both consumer spending and energy market conditions.
Key Facts
- Fuel oil is a common home heating source in Alaska.
- Prices can fluctuate seasonally based on demand.
- Alaskan energy costs are significantly higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per gallon of Fuel Oil #2, a common home heating fuel, in urban areas of Alaska.
Q: Why is this trend relevant for users or analysts?
A: Fuel oil prices are an important indicator of consumer energy costs and household expenditures, especially in cold climate regions like Alaska where fuel oil is widely used for home heating.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel oil retailers in major Alaskan metropolitan areas.
Q: How is this trend used in economic policy?
A: Fuel oil prices are monitored by economists and policymakers to assess the impact on consumer spending and energy market conditions.
Q: Are there update delays or limitations?
A: The data is published regularly, but may have a short delay compared to real-time market prices.
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Citation
U.S. Federal Reserve, Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Urban Alaska (CBSA) (APUS49G72511), retrieved from FRED.