Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Urban Alaska (CBSA)
APUS49G74712 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.85
Year-over-Year Change
-26.06%
Date Range
1/1/1978 - 12/1/1986
Summary
This economic trend measures the average price of leaded regular gasoline in urban Alaska. It provides important insights into consumer prices and energy costs for policymakers and analysts.
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 Regular (Cost per Gallon/3.8 Liters) in Urban Alaska (CBSA) trend tracks the retail price of a gallon of leaded regular gasoline in urban areas of Alaska. This metric is a key indicator of consumer energy expenses and broader inflationary pressures.
Methodology
The data is collected through surveys of gasoline retailers by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and market analysts closely monitor this trend to understand the state of consumer prices and the broader economy.
Key Facts
- Gasoline is a major household expense in Alaska.
- Prices can vary significantly across Alaska's diverse regions.
- This trend helps track the impact of global oil markets on local consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded regular gasoline in urban areas of Alaska. It provides insights into consumer energy costs and broader price trends.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of household budgets and a major driver of consumer inflation. This trend helps policymakers and market participants understand economic conditions in Alaska.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor consumer prices, assess the impact of energy costs, and inform decisions related to taxation, subsidies, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights. However, it may not capture all price variations across Alaska's diverse regions.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Urban Alaska (CBSA) (APUS49G74712), retrieved from FRED.