Annual
This dataset tracks annual over time.
Latest Value
3.89
Year-over-Year Change
2.37%
Date Range
1/1/1993 - 1/1/2024
Summary
The Annual trend measures the annual percent change in the average price of regular-grade gasoline in California. This metric is closely watched by economists and policymakers as an indicator of consumer price 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 year-over-year changes in the average retail price of regular gasoline in the state of California. It is a key data point for understanding broader trends in consumer prices and energy costs.
Methodology
The data is collected through monthly surveys of gasoline retailers by the U.S. Energy Information Administration.
Historical Context
This trend is widely used to assess the impact of energy prices on households and the broader economy.
Key Facts
- California is the largest gasoline market in the United States.
- Gasoline prices can significantly impact household budgets and consumer spending.
- The Annual trend helps policymakers monitor energy-driven inflation.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the average retail price of regular-grade gasoline in the state of California.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of consumer price inflation, as gasoline is a major household expense. It helps economists and policymakers understand broader energy cost pressures.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of gasoline retailers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, central banks, and market analysts to assess the impact of energy prices on the broader economy and consumer spending.
Q: Are there update delays or limitations?
A: The Annual trend is updated monthly with a short lag. The data may not fully capture regional variations in gasoline prices within California.
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Citation
U.S. Federal Reserve, GASREGCOVWCA (Annual), retrieved from FRED.