PADD II (Midwest District) All Grades Conventional Gas Price
GASALLCOVMWW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.06
Year-over-Year Change
2.17%
Date Range
6/12/2006 - 8/4/2025
Summary
The 'PADD II (Midwest District) All Grades Conventional Gas Price' measures the average retail price of regular grade conventional gasoline in the Midwest region of the United States. This metric is crucial for understanding regional fuel price dynamics and consumer purchasing power.
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
This series represents the average price paid by consumers for conventional regular gasoline in the Midwest (PADD II) region, which includes states such as Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. It is a key indicator of transportation and energy costs for both households and businesses in the region.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration based on surveys of gasoline retailers.
Historical Context
This price trend is closely monitored by policymakers, economists, and market analysts to assess the economic impacts of changing fuel costs on Midwest consumers and businesses.
Key Facts
- The Midwest region accounts for approximately 20% of total U.S. gasoline consumption.
- Conventional gasoline makes up about 70% of total gasoline sales in the Midwest.
- Gasoline prices in the Midwest tend to be lower than the national average.
FAQs
Q: What does this economic trend measure?
A: The 'PADD II (Midwest District) All Grades Conventional Gas Price' measures the average retail price of regular grade conventional gasoline in the Midwest region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding regional fuel price dynamics and consumer purchasing power, as gasoline is a significant household and business expense in the Midwest.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration based on surveys of gasoline retailers.
Q: How is this trend used in economic policy?
A: This price trend is closely monitored by policymakers, economists, and market analysts to assess the economic impacts of changing fuel costs on Midwest consumers and businesses.
Q: Are there update delays or limitations?
A: The data is published weekly with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, PADD II (Midwest District) All Grades Conventional Gas Price (GASALLCOVMWW), retrieved from FRED.