Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Arkansas
ARPCEGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,504.40
Year-over-Year Change
9.78%
Date Range
1/1/1997 - 1/1/2023
Summary
This economic trend measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy goods, in the state of Arkansas. It provides insights into energy consumption patterns and consumer spending in the state.
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 Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Arkansas data series tracks the value of consumer spending on gasoline and other energy-related products in the state. This metric is a key indicator of energy demand and can be used to analyze the impact of economic conditions, policy changes, and consumer behavior on energy consumption.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and other economic data sources.
Historical Context
Policymakers and market analysts use this trend to assess energy demand, consumer spending patterns, and the broader economic climate in Arkansas.
Key Facts
- Arkansas residents spent $6.7 billion on gasoline and other energy goods in 2020.
- Energy expenditures account for approximately 5% of total personal consumption in Arkansas.
- Gasoline prices and consumption patterns in Arkansas often reflect national trends, with regional variations.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy products, in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into energy demand and consumer spending patterns in Arkansas, which is valuable for policymakers, businesses, and economists analyzing the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys and other economic data sources.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess energy demand, consumer spending patterns, and the broader economic climate in Arkansas, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, but there may be occasional delays or revisions due to the complex nature of data collection and analysis.
Related Trends
Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Arkansas
ARPCEONDURG
Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Arkansas
SMU05000004000000003
All Employees: Other Services in Arkansas
ARSRVO
Coefficient for Commercial Carbon Dioxide Emissions, Natural Gas (Pipeline) for Arkansas
EMISSCO2CNGCCBARA
Chain-Type Quantity Index for Real GDP: Other Transportation Equipment Manufacturing (3364-3466, 3369) in Arkansas
AROTRANEQMANQGSP
Regional Price Parities: All Items: Metropolitan Portion for Arkansas
ARMPRPPALL
Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Arkansas (ARPCEGAS), retrieved from FRED.