Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Urban
This dataset tracks average price: gasoline, all types (cost per gallon/3.785 liters) in the midwest census region - urban over time.
Latest Value
3.20
Year-over-Year Change
-9.84%
Date Range
1/1/1978 - 6/1/2025
Summary
This economic trend measures the average price of gasoline across the Midwest region of the United States, providing important insights into consumer costs and energy market 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, All Types (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Urban metric tracks the retail price of gasoline in urban areas of the Midwestern U.S. states. This data series is widely used by economists, policymakers, and market analysts to monitor energy price inflation and understand consumer purchasing power.
Methodology
The data is collected through surveys of gasoline retailers across the region.
Historical Context
Gasoline prices are a key input for policies related to transportation, energy, and consumer spending.
Key Facts
- Gasoline accounts for a significant portion of household budgets in the Midwest.
- Prices can fluctuate dramatically based on global crude oil markets and regional supply and demand.
- This data series has been tracked since the 1980s, providing long-term historical context.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of all grades of gasoline across urban areas in the Midwest region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key driver of consumer spending and inflationary pressures, making this data series highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers across the Midwest region.
Q: How is this trend used in economic policy?
A: Gasoline prices are a key input for policies related to transportation, energy, and consumer spending, and this data series is widely used to inform such policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short lag, providing timely information on energy market conditions.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Urban (APU02007471A), retrieved from FRED.