Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA)
APUS12B74714 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.15
Year-over-Year Change
-9.29%
Date Range
1/1/1978 - 6/1/2025
Summary
This economic trend measures the average price of unleaded regular gasoline per gallon in the Philadelphia-Camden-Wilmington metropolitan area. It provides important insights into consumer costs and regional price dynamics.
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 (Cost per Gallon/3.785 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) series tracks the average retail price of regular unleaded gasoline in this major urban region. This metric is widely used by economists, policymakers, and consumers to assess the affordability of transportation fuels.
Methodology
The data is collected through surveys of retail gasoline stations in the metropolitan area.
Historical Context
This trend is closely monitored for its implications on consumer spending, transportation costs, and broader macroeconomic conditions.
Key Facts
- Gasoline is a major household expense.
- Prices vary significantly by region and over time.
- This trend is a key input for inflation and consumer confidence metrics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded regular gasoline per gallon in the Philadelphia-Camden-Wilmington metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used to assess the affordability of transportation fuels and its impact on consumer spending 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 metropolitan area.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and consumers for its implications on transportation costs, consumer spending, and macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays, providing timely insights into regional gasoline price dynamics.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (CBSA) (APUS12B74714), retrieved from FRED.