Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA)
APUS12B74713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.28
Year-over-Year Change
21.79%
Date Range
1/1/1978 - 10/1/1980
Summary
This economic trend measures the average price of leaded premium gasoline per gallon in the Philadelphia-Camden-Wilmington metropolitan area. It provides insights into regional fuel costs that are crucial for consumers, businesses, and policymakers.
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 Premium (Cost per Gallon/3.8 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) series tracks the average retail price of premium leaded gasoline in this major urban region. This metric is widely used to monitor changes in consumer spending, transportation costs, and inflationary pressures.
Methodology
The data is collected through surveys of fuel retailers in the region.
Historical Context
This trend is closely watched by economists, policymakers, and market analysts to assess the economic health and cost-of-living dynamics in the Philadelphia metropolitan area.
Key Facts
- Tracked since 1993.
- Measured in cost per gallon.
- Covers the Philadelphia metropolitan area.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline per gallon in the Philadelphia-Camden-Wilmington metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into consumer spending, transportation costs, and inflationary pressures in the Philadelphia region, making it an important indicator for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Philadelphia-Camden-Wilmington metropolitan area.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and economists to assess the overall economic health and cost-of-living dynamics in the Philadelphia metropolitan region.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delay in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) (APUS12B74713), retrieved from FRED.