Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the West Census Region - Size Class D
APUD40074713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
18.37%
Date Range
1/1/1978 - 1/1/1981
Summary
This trend measures the average price of leaded premium gasoline per gallon in the West Census Region, focusing on size class D, which includes service stations with annual sales of 250,000 gallons or more.
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 of leaded premium gasoline is an important economic indicator that reflects fuel costs for consumers and businesses in the West region. This data is used by policymakers, analysts, and the public to understand regional fuel price dynamics and their impact on the broader economy.
Methodology
The data is collected through surveys of fuel retailers in the West Census Region.
Historical Context
Gasoline prices influence consumer spending, transportation costs, and overall inflation, making this trend relevant for economic policy decisions.
Key Facts
- Leaded premium gasoline is a higher-octane fuel grade.
- The West Census Region includes 13 states, from Washington to New Mexico.
- Size class D includes the largest service stations by annual sales volume.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of leaded premium gasoline per gallon in the West Census Region, focusing on the largest service stations (size class D).
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer spending and transportation costs, making this trend important for understanding regional economic conditions and overall inflation.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the West Census Region.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor fuel price dynamics and their impact on consumer behavior, transportation, and broader economic conditions in the West region.
Q: Are there update delays or limitations?
A: There may be a short delay in data reporting, and the trend only covers the West Census Region and the largest service stations.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in the West Census Region - Size Class D (APUD40074713), retrieved from FRED.