Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in City - Size Class B
APUB0007471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.25
Year-over-Year Change
-6.18%
Date Range
1/1/1987 - 12/1/1997
Summary
This economic trend measures the average price of gasoline across U.S. cities with populations between 50,000 and 200,000. It is a key indicator of consumer energy costs and overall 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, All Types (Cost per Gallon/3.785 Liters) in City - Size Class B trend provides data on the retail price of gasoline in medium-sized U.S. cities. This metric is widely used by economists, policymakers, and analysts to assess household spending and the state of the broader economy.
Methodology
The data is collected through surveys of fuel retailers in qualifying urban areas.
Historical Context
Gasoline prices are a major component of the Consumer Price Index and a key input for economic policy decisions.
Key Facts
- Gasoline accounts for about 4% of the average U.S. household budget.
- Prices have risen over 30% in the past year.
- Medium-sized cities make up a significant portion of national gasoline demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of all grades of gasoline in U.S. cities with populations between 50,000 and 200,000.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a major component of consumer spending and a key driver of overall inflation, making this metric crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the qualifying urban areas.
Q: How is this trend used in economic policy?
A: Gasoline prices are a key input for the Consumer Price Index and other economic indicators that inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, and it may not fully capture price variations within individual cities.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in City - Size Class B (APUB0007471A), retrieved from FRED.