Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the North Central Census Region - Size Class C
APUC20074713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.29
Year-over-Year Change
52.48%
Date Range
1/1/1978 - 5/1/1980
Summary
This economic trend measures the average price of leaded premium gasoline per gallon in the North Central Census Region, specifically for size class C areas. It provides insight into regional fuel costs, a key indicator of household and transportation expenses.
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 Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the North Central Census Region - Size Class C series tracks the retail price of a gallon of premium leaded gasoline in the North Central region, which includes Illinois, Indiana, Michigan, Ohio, and Wisconsin. This metric is used to analyze trends in consumer spending and the regional cost of living.
Methodology
The data is collected through surveys of gasoline retailers in the North Central region.
Historical Context
This gasoline price trend is closely monitored by policymakers, economists, and consumers to assess the impact of energy costs on the regional economy.
Key Facts
- The North Central region accounts for over 20% of total U.S. gasoline consumption.
- Premium gasoline prices are typically 20-30 cents higher per gallon than regular unleaded.
- Gasoline prices have a significant impact on household budgets and business costs in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per gallon of leaded premium gasoline in the North Central Census Region, specifically for size class C areas.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of household and transportation costs, making this trend crucial for analyzing consumer spending, cost of living, and regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the North Central region.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and consumers closely monitor this gasoline price trend to assess the impact of energy costs on the regional economy.
Q: Are there update delays or limitations?
A: The data is published regularly, but may be subject to some delays in reporting from gasoline retailers.
Related Trends
Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in Pittsburgh, PA (CBSA)
APUA10474716
Average Price: Electricity per Kilowatt-Hour in Kansas City, MO-KS (CBSA)
APUA21472610
Average Price: Ham, Shank Portion, Bone-In, Smoked (Cost per Pound/453.6 Grams) in the South Census Region - Urban
APU0300704314
Average Price: Chops, Center Cut, Bone-In (Cost per Pound/453.6 Grams) in U.S. City Average
APU0000704211
Average Price: Ice Cream, Prepackaged, Bulk, Regular, per One-Half Gallon (1.9 Liters) in the South Census Region - Urban
APU0300710411
Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Denver-Aurora-Lakewood, CO (CBSA)
APUS48B7471A
Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the North Central Census Region - Size Class C (APUC20074713), retrieved from FRED.