Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Pittsburgh, PA (CBSA)
APUA10474715 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.28
Year-over-Year Change
-6.57%
Date Range
12/1/1993 - 12/1/1997
Summary
This trend measures the average price of unleaded midgrade gasoline in the Pittsburgh, PA metropolitan area. It is a key indicator of consumer costs and a barometer for regional energy markets.
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 metric tracks the typical retail price paid by consumers for this grade of gasoline in the Pittsburgh, PA Core-Based Statistical Area (CBSA). This data is a valuable reference for understanding local fuel price dynamics and the broader cost of living.
Methodology
The data is collected through surveys of gasoline retailers in the Pittsburgh region.
Historical Context
Gasoline prices are closely monitored by policymakers, consumers, and market analysts for their impact on inflation, household budgets, and the broader economy.
Key Facts
- Pittsburgh's average midgrade gas price was $3.99 per gallon in June 2022.
- Gasoline prices have risen over 30% in the Pittsburgh area since January 2021.
- Midgrade fuel accounts for about 25% of total gasoline sales in the U.S.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average retail price paid by consumers for unleaded midgrade gasoline in the Pittsburgh, PA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer costs and a barometer for regional energy markets, making this data useful for policymakers, economists, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the Pittsburgh, PA metropolitan area.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely monitored by policymakers for their impact on inflation, household budgets, and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Pittsburgh, PA (CBSA) (APUA10474715), retrieved from FRED.