Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Washington, DC-MD-VA (CBSA)
APUA31574713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.32
Year-over-Year Change
30.66%
Date Range
1/1/1978 - 9/1/1980
Summary
This trend measures the average price of leaded premium gasoline per gallon in the Washington, DC-MD-VA metropolitan area. It provides valuable insights into consumer fuel costs and regional price 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 Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Washington, DC-MD-VA (CBSA) trend tracks the retail price of premium-grade gasoline in the Washington metropolitan region. This data point is widely used by economists, policymakers, and consumers to analyze transportation costs, consumer spending, and regional price variations.
Methodology
The data is collected through surveys of fuel retailers in the Washington metropolitan area.
Historical Context
This gasoline price trend is closely monitored by transportation analysts, policymakers, and consumers to assess the economic impact of fuel costs.
Key Facts
- Washington, DC-MD-VA metro area has seen a 25% increase in premium gasoline prices over the past year.
- Gasoline prices account for a significant portion of household transportation budgets.
- Premium fuel prices tend to be higher in urban areas compared to rural regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline per gallon in the Washington, DC-MD-VA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This gasoline price data is crucial for analyzing consumer spending, transportation costs, and regional price variations, which are important considerations for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Washington metropolitan area.
Q: How is this trend used in economic policy?
A: This gasoline price trend is closely monitored by transportation analysts, policymakers, and consumers to assess the economic impact of fuel costs on household budgets and regional economic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly, and there may be a slight delay in reporting compared to real-time price changes.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Washington, DC-MD-VA (CBSA) (APUA31574713), retrieved from FRED.