Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in Detroit-Warren-Dearborn, MI (CBSA)
APUS23B74716 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.35
Year-over-Year Change
-5.39%
Date Range
9/1/1981 - 6/1/2025
Summary
This economic trend measures the average price of unleaded premium gasoline per gallon in the Detroit-Warren-Dearborn, MI metropolitan area. It provides important insights into consumer fuel costs and regional 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 Premium metric tracks the retail price of premium unleaded gasoline in the Detroit-Warren-Dearborn, MI metropolitan statistical area. This data point is a key indicator for monitoring trends in consumer energy expenditures and transportation costs within a specific regional market.
Methodology
The data is collected through surveys of retail gasoline stations in the Detroit-Warren-Dearborn, MI CBSA.
Historical Context
This economic indicator is widely used by policymakers, analysts, and consumers to understand regional fuel price dynamics and their impact on the broader economy.
Key Facts
- Gasoline is a major household expense for many Detroit-area consumers.
- Prices can vary significantly by region and season due to supply, demand, and tax factors.
- This data series dates back to 1990, providing a long-term view of fuel price trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded premium gasoline per gallon in the Detroit-Warren-Dearborn, MI metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into consumer fuel costs and regional market conditions, which are crucial for understanding household budgets, transportation expenditures, and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail gasoline stations in the Detroit-Warren-Dearborn, MI CBSA.
Q: How is this trend used in economic policy?
A: This economic indicator is widely used by policymakers, analysts, and consumers to understand regional fuel price dynamics and their impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published with minimal delay, providing timely insights into gasoline price trends in the Detroit metropolitan area.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in Detroit-Warren-Dearborn, MI (CBSA) (APUS23B74716), retrieved from FRED.