US All Grades All Formulations Gas Price

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.