Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Louisiana
LAPCEGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,903.20
Year-over-Year Change
-5.29%
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 Louisiana. It provides insights into consumer demand and energy-related spending patterns 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 Louisiana series tracks consumer spending on gasoline and other energy products in Louisiana. This data is used by economists and policymakers to analyze consumer behavior, energy consumption, and broader economic conditions within the state.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and other sources.
Historical Context
This trend is relevant for understanding the state of Louisiana's energy and consumer markets, as well as for informing energy and economic policies.
Key Facts
- Louisiana's personal consumption expenditures on gasoline and other energy goods totaled $20.2 billion in 2020.
- Energy-related spending accounts for approximately 7% of total personal consumption expenditures in Louisiana.
- Gasoline and other energy goods spending in Louisiana has fluctuated with changes in energy prices and consumer demand.
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 Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and energy-related spending patterns in Louisiana, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and other sources.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the state of Louisiana's energy and consumer markets, as well as for informing energy and economic policies within the state.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Louisiana (LAPCEGAS), retrieved from FRED.