Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Size Class D
APUD0007471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.44
Year-over-Year Change
9.41%
Date Range
1/1/1987 - 12/1/2017
Summary
This economic trend measures the average price of regular gasoline across the United States, providing crucial insights into consumer and industry behavior.
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 Size Class D metric tracks the average retail price of regular gasoline on a per-gallon basis. This data is used by economists, policymakers, and industry analysts to assess energy costs, consumer spending, and broader economic conditions.
Methodology
The data is collected through surveys of gasoline retailers and service stations across the country.
Historical Context
This trend is closely monitored by government agencies, businesses, and consumers to understand the impact of energy prices on the broader economy.
Key Facts
- Gasoline is a major household expense for many Americans.
- Fluctuations in gasoline prices can significantly impact consumer confidence and spending.
- The price of gasoline is a key input for many industries, affecting transportation and production costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of regular gasoline across the United States on a per-gallon basis.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a critical factor in understanding consumer spending, transportation costs, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers and service stations across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the impact of energy prices on the broader economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Size Class D (APUD0007471A), retrieved from FRED.