Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in the Northeast Census Region - Urban
APU010074715 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.67
Year-over-Year Change
-9.66%
Date Range
12/1/1993 - 6/1/2025
Summary
This economic trend measures the average price of unleaded midgrade gasoline in the Northeast Census Region's urban areas. It is a key indicator of consumer fuel costs and a key input for broader economic analysis.
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, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in the Northeast Census Region - Urban tracks the retail price consumers pay for this common automotive fuel in major Northeastern urban markets. This metric is widely referenced by economists, policymakers, and consumers to understand regional energy price dynamics.
Methodology
The data is collected through surveys of gasoline retailers by the U.S. Energy Information Administration.
Historical Context
Gasoline prices influence consumer spending, transportation costs, and broader economic conditions, making this a crucial indicator for market and policy analysis.
Key Facts
- Gasoline is a major household and business expense.
- The Northeast region has some of the highest gas prices in the U.S.
- Unleaded midgrade is a common fuel type for many vehicles.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded midgrade gasoline in urban areas of the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer spending and transportation costs, making this indicator crucial for understanding broader economic conditions and dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this data to assess energy price trends, consumer purchasing power, and the overall state of the regional and national economy.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically a few weeks after the end of the reporting period. There may be some variation in retail reporting across the region.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in the Northeast Census Region - Urban (APU010074715), retrieved from FRED.