Taxes on production and imports: State government: Sales taxes: Gasoline
L305141A027NBEA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.85
Year-over-Year Change
29.17%
Date Range
1/1/1929 - 1/1/2016
Summary
This economic trend measures state government sales taxes on gasoline. It is a key indicator of consumer and business activity, as well as state tax revenue.
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 Taxes on production and imports: State government: Sales taxes: Gasoline series tracks state-level sales tax revenue from gasoline purchases. This data provides insights into consumer spending, transportation activity, and state fiscal conditions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis from state government tax records.
Historical Context
This trend is closely watched by policymakers, economists, and market analysts to assess economic conditions and state budgets.
Key Facts
- Gasoline sales taxes account for a significant portion of state tax revenue.
- Trends in this data reflect changes in consumer driving and fuel consumption.
- Fluctuations can impact state budgets and transportation infrastructure funding.
FAQs
Q: What does this economic trend measure?
A: This trend measures state government sales tax revenue from gasoline purchases, providing insights into consumer activity and state fiscal conditions.
Q: Why is this trend relevant for users or analysts?
A: This data is closely monitored by policymakers, economists, and market analysts to assess economic conditions, consumer spending, and state budgets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis from state government tax records.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to evaluate transportation activity, consumer spending, and state fiscal conditions.
Q: Are there update delays or limitations?
A: The data is subject to potential delays in state government reporting, but generally provides timely insights into this important economic indicator.
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Citation
U.S. Federal Reserve, Taxes on production and imports: State government: Sales taxes: Gasoline (L305141A027NBEA), retrieved from FRED.