Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the West South Central Census Division
APU03707471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.87
Year-over-Year Change
-7.93%
Date Range
1/1/2018 - 6/1/2025
Summary
This economic trend measures the average price of gasoline, all types, per gallon in the West South Central Census Division. It provides valuable insights into regional fuel costs, which are crucial for consumers, businesses, and policymakers.
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, All Types (Cost per Gallon/3.785 Liters) in the West South Central Census Division tracks the average retail price of various gasoline blends in this specific geographic region. This data is widely used to analyze regional fuel price dynamics and their impact on consumer spending, transportation costs, and broader economic conditions.
Methodology
The data is collected through surveys of gasoline retailers in the West South Central Census Division.
Historical Context
This economic indicator is closely monitored by policymakers, economists, and market analysts to assess the regional cost of living and the potential impact on consumer behavior and broader economic trends.
Key Facts
- The West South Central Census Division includes Arkansas, Louisiana, Oklahoma, and Texas.
- Gasoline prices can significantly impact consumer spending and transportation costs in the region.
- Monitoring regional fuel price trends is crucial for economic policymaking and business planning.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of gasoline, including all types, per gallon in the West South Central Census Division.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a crucial component of the cost of living and can significantly impact consumer spending, transportation costs, and broader economic conditions in the region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the West South Central Census Division.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this indicator to assess regional cost of living and the potential impact on consumer behavior and broader economic trends.
Q: Are there update delays or limitations?
A: The data is published regularly, with minimal delays, and provides a comprehensive view of gasoline prices in the West South Central Census Division.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the West South Central Census Division (APU03707471A), retrieved from FRED.