Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in the West Census Region - Size Class B
APUB40074712 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.89
Year-over-Year Change
-5.31%
Date Range
1/1/1978 - 12/1/1988
Summary
This economic trend measures the average price of leaded regular gasoline per gallon in the West Census Region, specifically for size class B. This metric is crucial for understanding fuel costs and consumer spending patterns.
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 Regular (Cost per Gallon/3.8 Liters) in the West Census Region - Size Class B trend provides insight into the retail prices of a key transportation fuel across a specific geographic and vehicle size segment. This data is widely used by policymakers, analysts, and businesses to assess the economic impact of fluctuating fuel prices.
Methodology
The data is collected through surveys of gasoline retailers in the West Census Region.
Historical Context
This trend is closely monitored by government agencies, industry groups, and consumers to inform energy policy, business planning, and household budgeting.
Key Facts
- Gasoline is a major household and business expense.
- The West Census Region covers 13 states, including California.
- Size class B refers to medium-sized vehicles like sedans and SUVs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of leaded regular gasoline per gallon in the West Census Region, specifically for size class B vehicles.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into fuel costs, which are a significant component of household and business budgets. It is widely used to assess the economic impact of changes in gasoline prices.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the West Census Region.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, industry groups, and consumers to inform energy policy, business planning, and household budgeting.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in the West Census Region - Size Class B (APUB40074712), retrieved from FRED.