Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in Phoenix-Mesa-Scottsdale, AZ (CBSA)
APUS48A74716 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.08
Year-over-Year Change
-5.79%
Date Range
1/1/2018 - 6/1/2025
Summary
This economic trend measures the average price of unleaded premium gasoline in the Phoenix-Mesa-Scottsdale, AZ metropolitan area. It is a key indicator of consumer costs and energy market dynamics in the region.
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 Premium trend tracks the cost per gallon of premium unleaded fuel in the Phoenix metropolitan area. This data is widely used by economists, policymakers, and consumers to assess regional energy price trends and their broader economic implications.
Methodology
The data is collected through surveys of gas stations in the Phoenix-Mesa-Scottsdale, AZ CBSA and reported by the U.S. Energy Information Administration.
Historical Context
Gasoline prices are a critical input for consumer spending, transportation costs, and broader inflation assessments.
Key Facts
- Phoenix gas prices averaged $4.75 per gallon in June 2022.
- Prices have risen over 30% in the past year.
- The Phoenix metro area accounts for over 60% of Arizona's population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded premium gasoline in the Phoenix-Mesa-Scottsdale, AZ metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key driver of consumer costs and economic activity, making this trend important for assessing regional inflation, consumer spending, and energy market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gas stations in the Phoenix metropolitan area and reported by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to understand regional energy price trends and their impacts on consumers, businesses, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is reported on a weekly basis with a short lag, providing timely insights into changing gasoline prices in the Phoenix metro area.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in Phoenix-Mesa-Scottsdale, AZ (CBSA) (APUS48A74716), retrieved from FRED.