Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in St. Louis, MO-IL (CBSA)
APUS24B74713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.27
Year-over-Year Change
51.79%
Date Range
1/1/1978 - 5/1/1980
Summary
This economic trend measures the average price of leaded premium gasoline per gallon in the St. Louis, MO-IL metropolitan area. It provides important insights into consumer fuel costs and broader energy price dynamics.
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 Premium (Cost per Gallon/3.8 Liters) in St. Louis, MO-IL (CBSA) series tracks the retail price of premium-grade gasoline in the St. Louis metropolitan region. This metric is a key indicator of energy costs for both households and businesses in the local economy.
Methodology
The data is collected through surveys of fuel retailers by the U.S. Bureau of Labor Statistics.
Historical Context
This gasoline price trend is closely monitored by policymakers, analysts, and consumers to assess economic conditions and consumer purchasing power.
Key Facts
- Premium gasoline prices in St. Louis averaged $3.58 per gallon in 2022.
- Gasoline prices in the region have fluctuated significantly in recent years.
- The St. Louis metro area is a major transportation and logistics hub in the Midwest.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline per gallon in the St. Louis, Missouri-Illinois metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer costs and a leading indicator of broader energy price dynamics, making this trend useful for assessing economic conditions and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and consumers closely monitor this gasoline price trend to understand energy costs and their impact on the local economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in St. Louis, MO-IL (CBSA) (APUS24B74713), retrieved from FRED.