Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Pittsburgh, PA (CBSA)
APUA10474714 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.17
Year-over-Year Change
-9.11%
Date Range
1/1/1978 - 12/1/1997
Summary
This trend measures the average price of unleaded regular gasoline in the Pittsburgh, PA metropolitan area. It is a key indicator of consumer energy costs and an important metric for policymakers and analysts monitoring regional economic conditions.
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 Regular (Cost per Gallon/3.785 Liters) in Pittsburgh, PA (CBSA) series tracks the average retail price of regular grade motor gasoline in the Pittsburgh, Pennsylvania metropolitan statistical area. This data helps economists and policymakers understand regional fuel price dynamics and their impact on consumer spending and inflation.
Methodology
The data is collected through surveys of retail gasoline stations by the U.S. Energy Information Administration.
Historical Context
This trend is widely referenced by market analysts, policymakers, and consumers to gauge the cost of living and assess regional economic performance.
Key Facts
- Pittsburgh gasoline prices averaged $3.47 per gallon in 2022.
- Prices peaked at $4.84 per gallon in June 2022.
- Prices have declined 27% from the 2022 high.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded regular gasoline in the Pittsburgh, Pennsylvania metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of consumer energy costs and regional economic conditions in the Pittsburgh area.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail gasoline stations by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by market analysts, policymakers, and consumers to gauge the cost of living and assess regional economic performance.
Q: Are there update delays or limitations?
A: The data is published with a short lag, reflecting the time required to survey and compile the regional price information.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Pittsburgh, PA (CBSA) (APUA10474714), retrieved from FRED.