Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA)
APUS12B7471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.28
Year-over-Year Change
-9.00%
Date Range
1/1/1978 - 6/1/2025
Summary
This economic trend measures the average retail price of gasoline, including all fuel types, in the Philadelphia-Camden-Wilmington metropolitan area. It provides insight into consumer costs and market conditions for this critical transportation fuel.
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, All Types (Cost per Gallon/3.785 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) tracks the average price consumers pay per gallon of gasoline in this major metropolitan region. It is a key indicator of transportation and consumer costs that economists and policymakers use to assess economic conditions.
Methodology
The data is collected through surveys of fuel retailers in the region.
Historical Context
This trend is closely watched by consumers, businesses, and policymakers to understand the broader market for transportation fuels.
Key Facts
- Gasoline is a major household and business expense.
- Prices vary significantly by region and over time.
- The Philadelphia metro area is a major transportation hub.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of all types of gasoline in the Philadelphia-Camden-Wilmington metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insight into consumer and transportation costs in a key regional market, which is useful for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the Philadelphia metropolitan area.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the impact of gasoline prices on consumer spending, transportation costs, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into regional gasoline price trends.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) (APUS12B7471A), retrieved from FRED.