Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Size Class B/C
This dataset tracks average price: gasoline, unleaded regular (cost per gallon/3.785 liters) in the midwest census region - size class b/c over time.
Latest Value
3.01
Year-over-Year Change
-9.88%
Date Range
1/1/1998 - 6/1/2025
Summary
This economic trend measures the average price of unleaded regular gasoline in the Midwest Census Region, specifically for size class B/C stations. It provides crucial data for understanding fuel costs and consumer spending patterns.
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 metric tracks the average price paid per gallon of unleaded regular gasoline in the Midwest region, focusing on smaller retail stations (size class B/C). This data point is a key indicator of energy and transportation costs for both consumers and businesses.
Methodology
The data is collected through surveys of gasoline retailers in the Midwest region.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess energy price dynamics and their broader economic implications.
Key Facts
- The Midwest region accounts for over 20% of U.S. gasoline consumption.
- Smaller B/C stations often serve rural and suburban areas.
- Gasoline prices are a major component of the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price paid per gallon of unleaded regular gasoline in the Midwest Census Region, focusing specifically on smaller retail stations (size class B/C).
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of energy and transportation costs for both consumers and businesses in the Midwest region, with broad implications for economic activity and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers in the Midwest region.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and market analysts to assess energy price dynamics and their broader economic implications.
Q: Are there update delays or limitations?
A: The data is subject to typical reporting and publication lags, but provides a timely and reliable indicator of regional gasoline prices.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Size Class B/C (APUN20074714), retrieved from FRED.