Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA)
APUS12B74712 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.95
Year-over-Year Change
6.38%
Date Range
1/1/1978 - 2/1/1989
Summary
This economic trend measures the average price of leaded regular gasoline per gallon in the Philadelphia-Camden-Wilmington metropolitan area. It provides insight into consumer fuel costs and regional price dynamics.
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 Average Price: Gasoline, Leaded Regular series tracks the average retail price paid by consumers for a gallon of leaded regular gasoline in the Philadelphia-Camden-Wilmington CBSA. This metric is used by economists and policymakers to monitor trends in consumer energy expenditures and assess the impact of changes in global oil markets.
Methodology
The data is collected through a survey of retail gasoline stations in the region.
Historical Context
This price index is a key indicator for the transportation and energy sectors.
Key Facts
- Philadelphia-Camden-Wilmington CBSA is the 8th largest metro area in the U.S.
- The average price of leaded regular gasoline was $3.75 per gallon in June 2022.
- Gasoline prices have risen over 30% in the past year due to global supply chain disruptions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by consumers for a gallon of leaded regular gasoline in the Philadelphia-Camden-Wilmington metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer fuel costs and regional price dynamics, which is important for economists and policymakers monitoring transportation and energy sector trends.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail gasoline stations in the Philadelphia-Camden-Wilmington CBSA.
Q: How is this trend used in economic policy?
A: This price index is a key indicator for the transportation and energy sectors, and is used by economists and policymakers to assess the impact of changes in global oil markets.
Q: Are there update delays or limitations?
A: The data is published regularly, but may have a short delay in reflecting the most recent price changes.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Regular (Cost per Gallon/3.8 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) (APUS12B74712), retrieved from FRED.