Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in U.S. City Average
This dataset tracks average price: gasoline, unleaded midgrade (cost per gallon/3.785 liters) in u.s. city average over time.
Latest Value
3.75
Year-over-Year Change
-6.63%
Date Range
12/1/1993 - 6/1/2025
Summary
This economic trend measures the average price of unleaded midgrade gasoline in the U.S. city average. It is a key indicator of consumer energy costs and a driver of broader inflation measures.
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 of unleaded midgrade gasoline is a widely-tracked economic indicator that reflects consumer energy expenditures. It serves as an input to measures of consumer prices and cost of living, and is closely monitored by policymakers and analysts.
Methodology
The data is collected through surveys of retail gasoline stations by the U.S. Bureau of Labor Statistics.
Historical Context
Gasoline prices are a significant factor in consumer spending and a driver of broader inflation, making this trend important for economic policy and market analysis.
Key Facts
- Gasoline is the most widely-used transportation fuel in the U.S.
- Midgrade gasoline accounts for about 10-15% of total U.S. gasoline sales.
- Gasoline prices can have significant economic and political implications.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded midgrade gasoline in the U.S. city average, expressed in dollars per gallon.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer spending and a major driver of broader inflation measures, making this trend highly relevant for economic policymakers, consumers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail gasoline stations by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely monitored by the Federal Reserve and other policymakers as an input to measures of consumer prices and inflation, which inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may not fully capture rapid or localized price changes.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in U.S. City Average (APU000074715), retrieved from FRED.