Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
APUS35B74713 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.24
Year-over-Year Change
46.57%
Date Range
1/1/1978 - 5/1/1980
Summary
This economic trend measures the average price of leaded premium gasoline per gallon in the Miami-Fort Lauderdale-West Palm Beach metropolitan area. It provides important insights into consumer costs and energy market dynamics in a major Florida urban region.
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 Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) tracks the retail price of premium gasoline sold to consumers in this metropolitan statistical area. It is a key indicator of energy costs and transportation expenditures for households and businesses in the region.
Methodology
This data is collected through surveys of gasoline retailers in the metro area.
Historical Context
Policymakers and analysts use this trend to assess the state of regional energy markets and consumer purchasing power.
Key Facts
- Miami metro area has a population of over 6.2 million.
- Gasoline is a major household expense in Florida.
- Leaded premium fuel accounts for a significant share of retail gasoline sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of leaded premium gasoline per gallon in the Miami-Fort Lauderdale-West Palm Beach, Florida metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer energy costs and regional market dynamics that are crucial for policymakers, businesses, and households in the Miami metro area.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the Miami-Fort Lauderdale-West Palm Beach metropolitan statistical area.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the state of regional energy markets and consumer purchasing power, which informs decisions related to transportation, taxation, and other areas.
Q: Are there update delays or limitations?
A: This data is published on a regular basis with minimal delays, providing timely insights into premium gasoline prices in the Miami metro region.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Leaded Premium (Cost per Gallon/3.8 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) (APUS35B74713), retrieved from FRED.