US All Grades All Formulations Gas Price
This dataset tracks us all grades all formulations gas price over time.
Latest Value
3.25
Year-over-Year Change
-9.72%
Date Range
4/1/1993 - 7/1/2025
Summary
The 'US All Grades All Formulations Gas Price' series measures the average price per gallon of motor gasoline sold through retail outlets in the United States. This metric is a key indicator of consumer spending and economic conditions.
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 national average retail price for all grades of gasoline, including conventional, oxygenated, and reformulated. It is used by economists, policymakers, and the public to track changes in fuel costs and their impact on household budgets and broader economic activity.
Methodology
The data is collected by the U.S. Energy Information Administration through a weekly survey of retail gasoline outlets.
Historical Context
Fluctuations in the US all grades gas price can influence consumer confidence, inflation, and transportation costs, making it an important variable in economic analysis and policy decisions.
Key Facts
- The US all grades gas price averaged $3.51 per gallon in 2022.
- Gasoline accounts for about 4% of total household expenditures in the US.
- Gas prices hit a record high of $4.71 per gallon in June 2022.
FAQs
Q: What does this economic trend measure?
A: The 'US All Grades All Formulations Gas Price' series measures the average retail price per gallon of motor gasoline sold in the United States, across all grades and formulations.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of consumer spending and economic conditions, as they can significantly impact household budgets and broader economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through a weekly survey of retail gasoline outlets across the country.
Q: How is this trend used in economic policy?
A: Fluctuations in the US all grades gas price are closely monitored by economists, policymakers, and institutions to assess consumer confidence, inflation, and transportation costs, which are crucial variables in economic analysis and policy decisions.
Q: Are there update delays or limitations?
A: The data is updated weekly by the U.S. Energy Information Administration, with a short lag time. There may be some limitations in geographic or outlet coverage, but the series is generally considered a reliable national-level indicator of retail gasoline prices.
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Citation
U.S. Federal Reserve, US All Grades All Formulations Gas Price (GASALLM), retrieved from FRED.