Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in Baltimore, MD (CBSA)
APUA31774716 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.33
Year-over-Year Change
-6.78%
Date Range
9/1/1981 - 12/1/1997
Summary
This trend measures the average price of unleaded premium gasoline in the Baltimore, MD metropolitan area. It is an important economic indicator for consumers, businesses, and policymakers tracking fuel costs and inflation.
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 Premium (Cost per Gallon/3.785 Liters) in Baltimore, MD (CBSA) series provides a localized data point on retail gasoline prices. It reflects the average cost per gallon for premium-grade gasoline, a key transportation fuel, within the Baltimore metropolitan region.
Methodology
The data is collected through surveys of fuel retailers in the Baltimore area by the U.S. Energy Information Administration.
Historical Context
Gasoline prices are closely monitored by economists and policymakers as a driver of consumer spending, transportation costs, and overall inflation.
Key Facts
- Baltimore premium gasoline prices averaged $4.00 per gallon in June 2022.
- Gasoline is a significant household expense, accounting for over 3% of consumer budgets.
- Retail fuel prices impact business costs and consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded premium gasoline per gallon in the Baltimore, MD metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key economic indicator, impacting consumer spending, business costs, and overall inflation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Baltimore region by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely monitored by economists and policymakers as a driver of inflation and consumer purchasing power.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely information on local fuel costs.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in Baltimore, MD (CBSA) (APUA31774716), retrieved from FRED.