Global price of Natural Gas, US Henry Hub Gas
Annual
PNGASUSUSDA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.42
Year-over-Year Change
-12.15%
Date Range
1/1/1991 - 1/1/2024
Summary
The Annual trend measures the average price of regular gasoline sold to end users in the United States. It is a key economic indicator tracked by policymakers and analysts to assess 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 represents the average price per gallon of regular gasoline throughout the year, based on data collected by the U.S. Energy Information Administration. It is widely used to understand consumer behavior and the impact of energy costs on the broader economy.
Methodology
The data is collected through surveys of retail gasoline outlets across the country.
Historical Context
Gasoline prices are closely monitored by the Federal Reserve and other institutions to evaluate their effect on consumer confidence and spending.
Key Facts
- The annual average gasoline price reached a record high in 2022.
- Gasoline typically accounts for a significant portion of household budgets.
- Price fluctuations in gasoline can impact broader economic measures like the Consumer Price Index.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average price per gallon of regular gasoline sold to end users in the United States over the course of a full year.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer spending and inflation, making this trend highly relevant for policymakers, economists, and the general public.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail gasoline outlets across the country by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor gasoline prices to evaluate their impact on consumer confidence, spending, and broader measures of inflation.
Q: Are there update delays or limitations?
A: The annual average gasoline price data is typically published with a short delay, and may not capture some short-term price fluctuations.
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Citation
U.S. Energy Information Administration, Annual (PNGASUSUSDA), retrieved from FRED.