Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
This dataset tracks average price: gasoline, unleaded regular (cost per gallon/3.785 liters) in miami-fort lauderdale-west palm beach, fl (cbsa) over time.
Latest Value
3.06
Year-over-Year Change
-10.05%
Date Range
1/1/1978 - 6/1/2025
Summary
This economic trend measures the average price of unleaded regular gasoline per gallon in the Miami-Fort Lauderdale-West Palm Beach, Florida metropolitan area. It provides valuable insights into consumer fuel costs and local market conditions.
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, Unleaded Regular trend represents the typical price paid by consumers for a gallon of unleaded regular gasoline in the Miami-Fort Lauderdale-West Palm Beach, FL core-based statistical area (CBSA). This data is used by economists and policymakers to analyze changes in consumer spending, transportation costs, and regional price dynamics.
Methodology
The data is collected through surveys of gas stations and other fuel retailers in the CBSA.
Historical Context
This trend is closely watched by transportation analysts, consumer advocates, and government agencies to understand the economic impacts of fuel prices.
Key Facts
- Miami-Fort Lauderdale-West Palm Beach is the 8th largest metro area in the U.S.
- Gasoline accounts for a significant portion of household budgets in the region.
- Prices can fluctuate significantly based on global oil market conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid by consumers for a gallon of unleaded regular gasoline in the Miami-Fort Lauderdale-West Palm Beach, FL metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer fuel costs, transportation expenses, and regional price dynamics that are closely watched by economists, policymakers, and the public.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gas stations and other fuel retailers in the Miami-Fort Lauderdale-West Palm Beach CBSA.
Q: How is this trend used in economic policy?
A: This trend is used by transportation analysts, consumer advocates, and government agencies to understand the economic impacts of fuel prices and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to some delay in reporting and may not fully capture all regional variations in gasoline prices.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) (APUS35B74714), retrieved from FRED.