Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Houston-The Woodlands-Sugar Land, TX (CBSA)
APUS37B74713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.23
Year-over-Year Change
29.21%
Date Range
1/1/1978 - 9/1/1980
Summary
This economic trend measures the average price of leaded premium gasoline per gallon in the Houston-The Woodlands-Sugar Land, TX metropolitan area. It provides important insights into regional fuel costs and consumer 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 Houston-The Woodlands-Sugar Land, TX (CBSA) metric tracks the retail price of premium gasoline in the Houston metropolitan statistical area. This data point is a key indicator of energy and transportation costs for businesses and households in the region.
Methodology
The data is collected through surveys of fuel retailers by the U.S. Bureau of Labor Statistics.
Historical Context
This economic indicator is widely used by policymakers, economists, and market analysts to assess regional inflationary pressures and consumer spending patterns.
Key Facts
- Gasoline is a major household and business expense in the Houston metro area.
- Premium fuel prices can impact consumer behavior and broader economic conditions.
- The Houston region is a key energy production and refining hub in the United States.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average retail price of leaded premium gasoline per gallon in the Houston-The Woodlands-Sugar Land, TX metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: The gasoline price data provides important insights into regional energy costs, consumer spending patterns, and inflationary pressures in the Houston metro economy.
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, economists, and market analysts use this indicator to assess regional inflationary pressures and consumer spending dynamics in the Houston metropolitan area.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into gasoline price trends in the Houston region.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Houston-The Woodlands-Sugar Land, TX (CBSA) (APUS37B74713), retrieved from FRED.