Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Los Angeles-Riverside-Orange County, CA (CBSA)
APUA42174713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.42
Year-over-Year Change
7.65%
Date Range
1/1/1978 - 9/1/1982
Summary
This trend measures the average price of leaded premium gasoline per gallon in the Los Angeles-Riverside-Orange County, CA metropolitan area. Gasoline prices are a key economic indicator that reflect supply, demand, and geopolitical factors affecting the broader energy market.
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 metric tracks the retail cost of premium unleaded gasoline in the Los Angeles region. This data is used by economists, policymakers, and consumers to analyze inflation, consumer spending, and the overall state of the transportation fuel market.
Methodology
The data is collected through surveys of fuel retailers in the designated metropolitan area.
Historical Context
Gasoline prices impact household budgets, business costs, and broader macroeconomic conditions, making this a closely watched economic indicator.
Key Facts
- Gasoline is the most widely used transportation fuel in the U.S.
- Prices are influenced by global crude oil markets, refinery capacity, and distribution logistics.
- Fluctuations in gasoline prices can significantly impact household budgets and business costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline per gallon in the Los Angeles-Riverside-Orange County, CA metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key economic indicator that reflect supply, demand, and geopolitical factors affecting the broader energy market. Fluctuations in gasoline prices can significantly impact household budgets and business costs.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the designated metropolitan area.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely watched by economists, policymakers, and consumers as they impact household budgets, business costs, and broader macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is published regularly, but may have some delay in reflecting the most recent market conditions.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Los Angeles-Riverside-Orange County, CA (CBSA) (APUA42174713), retrieved from FRED.