Expenditures: Gasoline, Other Fuels, and Motor Oil by Quintiles of Income Before Taxes: Fourth 20 Percent (61st to 80th Percentile)
CXUGASOILLB0105M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,919.00
Year-over-Year Change
48.79%
Date Range
1/1/1984 - 1/1/2022
Summary
This economic trend measures household expenditures on gasoline, other fuels, and motor oil for the fourth income quintile in the United States. It provides insights into the spending patterns of middle-income consumers.
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 Expenditures: Gasoline, Other Fuels, and Motor Oil by Quintiles of Income Before Taxes: Fourth 20 Percent series tracks monthly consumer spending on transportation fuels and lubricants for households in the 61st to 80th income percentile. This data is used by economists and policymakers to analyze consumer behavior and the impact of fuel prices on household budgets.
Methodology
The data is collected through the Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for understanding consumer demand, inflation, and the distribution of transportation costs across income levels.
Key Facts
- This trend represents the fourth income quintile, or households earning between the 61st and 80th percentiles.
- Gasoline and other transportation fuels are a significant portion of household budgets, especially for middle-income families.
- The data is released monthly, providing timely insights into consumer behavior.
FAQs
Q: What does this economic trend measure?
A: This trend measures monthly household expenditures on gasoline, other fuels, and motor oil for consumers in the fourth income quintile (61st to 80th percentile) in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding the spending patterns and economic pressures faced by middle-income consumers, particularly in relation to transportation costs and the impact of fuel prices.
Q: How is this data collected or calculated?
A: The data is collected through the Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer demand, inflation, and the distribution of transportation costs across different income levels, which can inform decisions related to energy, taxation, and social welfare policies.
Q: Are there update delays or limitations?
A: The data is released monthly, providing timely insights, but may be subject to revisions or limitations inherent in consumer survey data.
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Citation
U.S. Federal Reserve, Expenditures: Gasoline, Other Fuels, and Motor Oil by Quintiles of Income Before Taxes: Fourth 20 Percent (CXUGASOILLB0105M), retrieved from FRED.