Annual
This dataset tracks annual over time.
Latest Value
4.20
Year-over-Year Change
7.73%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual trend measures the average annual price of regular gasoline in the United States. It is a key economic indicator tracked by policymakers and analysts to understand consumer behavior 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 for regular gasoline prices provides a long-term view of fuel costs for American households and businesses. It is used to analyze the impact of global energy markets, domestic policies, and other factors on the cost of living and operating expenses.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of gasoline retailers nationwide.
Historical Context
Gasoline prices are closely watched by the Federal Reserve and other institutions to assess their influence on consumer spending, business investment, and overall economic conditions.
Key Facts
- The annual average price of regular gasoline reached a record high of $4.67 per gallon in 2022.
- Gasoline prices account for a significant portion of the Consumer Price Index (CPI), a key measure of inflation.
- Changes in the Annual trend can impact household budgets and business operating costs across the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average price of regular gasoline sold in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a critical component of consumer spending and inflation, making the Annual trend an important indicator for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through surveys of gasoline retailers nationwide.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions monitor the Annual trend to assess its impact on consumer behavior, business investment, and overall economic conditions.
Q: Are there update delays or limitations?
A: The Annual trend is updated monthly with a slight delay, as the underlying data collection and aggregation process takes time.
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Citation
U.S. Federal Reserve, Annual Regular Gasoline Retail Prices (GASPRMA), retrieved from FRED.