Average Price: Gasoline, Unleaded Midgrade (Cost per Gallon/3.785 Liters) in Minneapolis-St. Paul-Bloomington, MN-WI (CBSA)
This dataset tracks average price: gasoline, unleaded midgrade (cost per gallon/3.785 liters) in minneapolis-st. paul-bloomington, mn-wi (cbsa) over time.
Latest Value
3.40
Year-over-Year Change
-5.44%
Date Range
1/1/2018 - 6/1/2025
Summary
This economic trend measures the average price of unleaded midgrade gasoline in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. It is a key indicator of consumer costs and can inform energy policy decisions.
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 Midgrade (Cost per Gallon/3.785 Liters) in Minneapolis-St. Paul-Bloomington, MN-WI (CBSA) series tracks the average retail price of unleaded midgrade gasoline in this major Midwest metropolitan area. This metric is used to gauge cost-of-living and inflationary pressures faced by consumers.
Methodology
The data is collected through surveys of retail gasoline stations.
Historical Context
Policymakers and market analysts closely monitor this series to assess the economic impact of fuel prices.
Key Facts
- Midgrade gasoline is typically a blend of 88 octane regular and 93 octane premium.
- Prices are reported in U.S. dollars per gallon, which equals approximately $0.26 per liter.
- This metro area is home to over 3.6 million people as of 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of unleaded midgrade gasoline in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer costs and inflationary pressures in the Midwest region, which is important for policymakers and market analysts.
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: Policymakers and market analysts closely monitor this series to assess the economic impact of fuel prices and make informed decisions.
Q: Are there update delays or limitations?
A: The data is updated weekly and may be subject to minor revisions 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 Minneapolis-St. Paul-Bloomington, MN-WI (CBSA) (APUS24A74715), retrieved from FRED.