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Analyzing Weekly U.S. Gas Prices Trends

Trend in U.S. gas prices over time

  • Loaded data from weekly-us-gas-prices.csv.
  • Displayed the first few rows of the dataset to understand its structure.
  • Visualized the trend in U.S. weekly regular reformulated retail gasoline prices over time using a line chart.

Analyze regional gas price variations

The analysis of regional gas price variations involves examining various regions and cities across the U.S. The data includes specific columns for East Coast, New England, Central Atlantic, Lower Atlantic, Boston, Chicago, Denver, Los Angeles, and San Francisco. A line plot was created to visualize the weekly regular reformulated retail gasoline prices in these regions over time.

Can you summarize these trends and insights?

Summary of Regional Gas Price Trends and Insights

  • General Trend: All regions show fluctuations in gas prices over time, with general increases noted around the same periods, likely influenced by broader economic factors and oil market dynamics.
  • East Coast vs. West Coast: The East Coast, particularly the Central Atlantic region, often has higher prices compared to the West Coast cities like Los Angeles and San Francisco, which could be due to differences in state taxes, transportation costs, and supply chain factors.
  • Seasonal Variations: There are noticeable seasonal trends where prices tend to increase during summer months and decrease during winter. This pattern is consistent across most regions and is likely due to higher travel demand during warmer months.
  • Regional Differences: Specific cities like Chicago and Denver sometimes show different trends compared to coastal cities. These differences might be influenced by local regulations, refinery capacities, and regional supply-demand balances.
This analysis provides a comprehensive view of how regional factors and broader economic conditions influence gas prices across different parts of the U.S.

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