Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the Northeast Census Region - Size Class C
APUC10072511 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.91
Year-over-Year Change
-15.89%
Date Range
11/1/1978 - 12/1/1997
Summary
This economic trend measures the average price of Fuel Oil #2 per gallon (3.785 liters) in the Northeast Census Region for size class C properties. It provides insight into the cost of residential heating fuel in the Northeast.
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 Fuel Oil #2 price trend represents the average cost of this common heating fuel for small-to-medium sized residential and commercial properties in the Northeast U.S. region. It is a key indicator of energy costs for consumers and businesses in the area.
Methodology
The data is collected through surveys of fuel oil suppliers in the Northeast Census Region.
Historical Context
This price trend is used by policymakers, economists, and market analysts to monitor energy market conditions and the cost of living in the Northeast.
Key Facts
- Fuel Oil #2 is a common residential and commercial heating fuel in the Northeast.
- Prices are tracked for small-to-medium sized properties in the Northeast Census Region.
- This indicator provides insight into energy costs for consumers and businesses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of Fuel Oil #2 per gallon (3.785 liters) for small-to-medium sized properties in the Northeast Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insight into energy costs for consumers and businesses in the Northeast, as Fuel Oil #2 is a common residential and commercial heating fuel in the region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel oil suppliers in the Northeast Census Region.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this price trend to monitor energy market conditions and the cost of living in the Northeast.
Q: Are there update delays or limitations?
A: The data is published regularly, but may have some delay in reflecting the most current market conditions.
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Citation
U.S. Federal Reserve, Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the Northeast Census Region - Size Class C (APUC10072511), retrieved from FRED.