Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
This dataset tracks average price: gasoline, unleaded midgrade (cost per gallon/3.785 liters) in miami-fort lauderdale-west palm beach, fl (cbsa) over time.
Latest Value
3.52
Year-over-Year Change
-8.26%
Date Range
12/1/1993 - 6/1/2025
Summary
This series tracks the average price of unleaded midgrade gasoline in the Miami-Fort Lauderdale-West Palm Beach metropolitan area. It is an important economic indicator for monitoring consumer spending and inflation.
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 Midgrade series measures the typical retail cost per gallon of regular unleaded gasoline in the Miami-Fort Lauderdale-West Palm Beach region. It is used by economists and policymakers to assess trends in consumer prices and the broader cost of living.
Methodology
The data is collected through surveys of gasoline retailers in the metro area.
Historical Context
This price trend is closely watched by the Federal Reserve and other agencies for insights into consumer behavior and inflationary pressures.
Key Facts
- Miami-Fort Lauderdale-West Palm Beach is the 8th largest metro area in the United States.
- Gasoline is a major household expense, accounting for around 3-4% of consumer budgets.
- Midgrade gasoline makes up about 20% of total U.S. retail gasoline sales.
FAQs
Q: What does this economic trend measure?
A: This series tracks the average retail price of unleaded midgrade gasoline in the Miami-Fort Lauderdale-West Palm Beach metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer inflation and can provide insights into household spending patterns and the broader cost of living in the region.
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 metro area.
Q: How is this trend used in economic policy?
A: Gasoline price trends are closely monitored by the Federal Reserve and other policymakers for their impact on consumer spending, inflation, and the broader economy.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few weeks of the reference period.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) (APUS35B74715), retrieved from FRED.