Expenditures: Gasoline, Other Fuels, and Motor Oil by Region: Residence in the Northeast Census Region
CXUGASOILLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,631.00
Year-over-Year Change
38.26%
Date Range
1/1/1984 - 1/1/2022
Summary
This economic trend measures consumer expenditures on gasoline, other fuels, and motor oil for households residing in the Northeast Census Region of the United States. It is an important indicator of energy costs and consumption patterns in that geographic area.
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 Expenditures: Gasoline, Other Fuels, and Motor Oil by Region: Residence in the Northeast Census Region data series tracks monthly consumer spending on transportation fuels and lubricants for households located in the Northeastern United States. This metric is used by economists and policymakers to analyze regional energy use and the impact of fuel prices on household budgets.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This regional fuel expenditure trend is relevant for energy policy, market analysis, and understanding household consumption patterns.
Key Facts
- Gasoline and other fuel expenditures account for a significant portion of household budgets.
- Energy costs can have a disproportionate impact on lower-income families.
- Regional trends can vary due to differences in fuel prices, transportation needs, and energy policies.
FAQs
Q: What does this economic trend measure?
A: This data series tracks monthly consumer expenditures on gasoline, other fuels, and motor oil for households located in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This regional fuel expenditure metric is important for understanding energy consumption patterns, the impact of fuel prices on household budgets, and informing energy and economic policies.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This regional fuel expenditure data is used by economists, policymakers, and market analysts to assess energy costs, household consumption, and the impacts of energy policy in the Northeastern United States.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Expenditures: Gasoline, Other Fuels, and Motor Oil by Region: Residence in the Northeast Census Region (CXUGASOILLB1102M), retrieved from FRED.