Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA)
APUS35B7471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.17
Year-over-Year Change
-9.73%
Date Range
1/1/1978 - 6/1/2025
Summary
This economic trend measures the average price of gasoline, including all types, in the Miami-Fort Lauderdale-West Palm Beach metropolitan area of Florida. Tracking gasoline prices is crucial for understanding 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, All Types (Cost per Gallon/3.785 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) represents the average retail price paid by consumers for a gallon of gasoline in this specific geographic region. This data point is widely used by economists and policymakers to analyze trends in consumer behavior and the broader economy.
Methodology
The data is collected through surveys of fuel retailers in the metropolitan area.
Historical Context
Gasoline prices are a key input for assessing consumer purchasing power and overall inflation.
Key Facts
- Gasoline is a major household expense.
- Prices can fluctuate significantly based on global supply and demand.
- The Miami metro area is an important economic hub in Florida.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of gasoline, including all types, in the Miami-Fort Lauderdale-West Palm Beach metropolitan area of Florida.
Q: Why is this trend relevant for users or analysts?
A: Tracking gasoline prices is crucial for understanding consumer spending and inflation, as gasoline is a major household expense.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers in the metropolitan area.
Q: How is this trend used in economic policy?
A: Gasoline prices are a key input for assessing consumer purchasing power and overall inflation, which are important considerations for policymakers.
Q: Are there update delays or limitations?
A: The data is published regularly, but may be subject to revisions or delays in reporting.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) (APUS35B7471A), retrieved from FRED.