Annual
This dataset tracks annual over time.
Latest Value
3.31
Year-over-Year Change
-9.66%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual trend measures average retail gasoline prices in California. This data is closely watched by economists and policymakers as an indicator of consumer spending and inflation.
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 Annual trend tracks the annual average price of regular-grade gasoline sold to end consumers in California. This metric provides insight into broader energy market dynamics and consumer purchasing power.
Methodology
The U.S. Energy Information Administration collects this data through surveys of retail gasoline stations.
Historical Context
Gasoline prices are a key factor in consumer price inflation and have implications for household budgets and spending patterns.
Key Facts
- California has the highest gasoline prices in the continental U.S.
- Gasoline is a major household expense, accounting for 3-5% of consumer budgets.
- Retail gasoline prices are influenced by global crude oil markets, refinery capacity, and state/local taxes.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average retail price of regular-grade gasoline sold to consumers in the state of California.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key input to consumer price inflation and have significant implications for household budgets and spending patterns.
Q: How is this data collected or calculated?
A: The U.S. Energy Information Administration collects this data through surveys of retail gasoline stations across California.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely monitored by economists, policymakers, and market analysts as an indicator of broader energy market dynamics and consumer purchasing power.
Q: Are there update delays or limitations?
A: This annual series has a lag of several months between the end of the reference year and data publication.
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Citation
U.S. Federal Reserve, Annual (GASALLCOVECA), retrieved from FRED.