Global price of Olive Oil
Quarterly
POLVOILUSDQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,099.42
Year-over-Year Change
23.24%
Date Range
1/1/1990 - 4/1/2025
Summary
The Quarterly Petroleum and Other Liquids Production data series measures the total production of petroleum and other liquid fuels in the United States. This metric is crucial for understanding energy supply and demand dynamics.
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 Quarterly Petroleum and Other Liquids Production data series provides a comprehensive overview of U.S. petroleum and liquid fuel production. It includes crude oil, natural gas plant liquids, and other liquid fuels, offering valuable insights into the nation's energy landscape.
Methodology
The data is collected and reported quarterly by the U.S. Energy Information Administration.
Historical Context
This metric is widely used by policymakers, analysts, and industry stakeholders to assess domestic energy production and inform policy decisions.
Key Facts
- The U.S. is a major global producer of petroleum and other liquid fuels.
- Quarterly production data helps track changes in domestic energy supply.
- This metric is a key indicator of the health and direction of the U.S. energy sector.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Petroleum and Other Liquids Production data series measures the total production of petroleum and other liquid fuels in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding energy supply and demand dynamics, as well as the overall health and direction of the U.S. energy sector.
Q: How is this data collected or calculated?
A: The data is collected and reported quarterly by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, analysts, and industry stakeholders to assess domestic energy production and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a potential delay in the most recent quarter's figures.
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Citation
U.S. Federal Reserve, Quarterly Petroleum and Other Liquids Production (POLVOILUSDQ), retrieved from FRED.