Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Oregon
ORPCEGAS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,548.80
Year-over-Year Change
21.23%
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, for the state of Oregon. It is a key indicator of consumer demand and energy costs for policymakers and analysts.
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 Oregon series represents household spending on fuels and energy products in the state. This metric helps economists assess Oregon's economic conditions and consumer behavior.
Methodology
The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers use this trend to understand energy consumption patterns and guide energy policy decisions.
Key Facts
- Oregon's energy consumption accounts for 1.5% of total U.S. energy use.
- Gasoline and other energy goods make up 6.2% of Oregon's total personal consumption expenditures.
- Household spending on energy products in Oregon has declined by 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures personal consumption expenditures on nondurable goods, specifically gasoline and other energy products, within the state of Oregon.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding consumer demand, energy costs, and broader economic conditions in Oregon.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to guide energy policy decisions and understand energy consumption patterns in Oregon.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-month lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Personal Consumption Expenditures: Nondurable Goods: Gasoline and Other Energy Goods for Oregon (ORPCEGAS), retrieved from FRED.