Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Urban
This dataset tracks average price: gasoline, unleaded midgrade (cost per gallon/3.785 liters) in the midwest census region - urban over time.
Latest Value
3.56
Year-over-Year Change
-8.26%
Date Range
12/1/1993 - 6/1/2025
Summary
This economic trend measures the average price of unleaded midgrade gasoline in the Midwest Census Region's urban areas. It is a key metric for monitoring consumer energy 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 of unleaded midgrade gasoline in the Midwest Census Region's urban areas provides insights into the cost of a major household and transportation expense. This data series is used by policymakers, economists, and consumers to assess regional price trends and the impact on household budgets.
Methodology
The data is collected through surveys of gasoline retailers and service stations in the Midwest region.
Historical Context
This economic indicator is relevant for assessing the impact of energy prices on consumer spending and inflation.
Key Facts
- The Midwest region includes 12 states, including Illinois, Indiana, and Ohio.
- Unleaded midgrade gasoline typically has an octane rating between 88 and 90.
- Gasoline prices can significantly impact consumer budgets and transportation costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of unleaded midgrade gasoline in the urban areas of the Midwest Census Region.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into a key household and transportation expense, which is useful for policymakers, economists, and consumers to assess regional price dynamics and the impact on consumer spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers and service stations in the Midwest region.
Q: How is this trend used in economic policy?
A: This economic indicator is relevant for assessing the impact of energy prices on consumer spending and inflation, which is important for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Urban (APU020074715), retrieved from FRED.