Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Chicago-Naperville-Elgin, IL-IN-WI (CBSA)
APUS23A74714 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.55
Year-over-Year Change
-12.41%
Date Range
1/1/1978 - 6/1/2025
Summary
This economic trend measures the average price of regular unleaded gasoline in the Chicago-Naperville-Elgin metropolitan area. It is a key indicator of consumer energy costs and transportation expenses.
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, Unleaded Regular trend tracks the average price per gallon of regular unleaded gasoline in the Chicago-Naperville-Elgin region. This data is used by economists, policymakers, and market analysts to assess changes in consumer purchasing power and the overall cost of living.
Methodology
The data is collected through surveys of retail gasoline stations in the defined metropolitan area.
Historical Context
This trend is used to inform policy decisions and analyze the impact of energy prices on the broader economy.
Key Facts
- The data is reported weekly.
- Prices are adjusted for inflation.
- Chicago is a major Midwest transportation hub.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price per gallon of regular unleaded gasoline in the Chicago-Naperville-Elgin metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of consumer energy costs and transportation expenses, which are key factors in assessing the overall cost of living and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail gasoline stations in the defined Chicago-Naperville-Elgin metropolitan area.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to inform decisions and analyze the impact of energy prices on the broader economy.
Q: Are there update delays or limitations?
A: The data is reported weekly, with no significant update delays.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Chicago-Naperville-Elgin, IL-IN-WI (CBSA) (APUS23A74714), retrieved from FRED.