PADD II (Midwest District) All Grades All Formulations Gas Price
Monthly
GASALLMWM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.11
Year-over-Year Change
-8.98%
Date Range
4/1/1993 - 8/1/2025
Summary
The 'Monthly' economic trend tracks the average price of all grades of gasoline sold at retail outlets in the United States on a monthly basis. This metric is a key indicator of consumer spending and energy costs.
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 'Monthly' trend represents the national average price of gasoline sold to consumers across the United States. It is an important economic indicator that reflects consumer demand, energy inflation, and the overall cost of living.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration.
Historical Context
Policymakers and analysts monitor this trend to assess the impact of gasoline prices on household budgets and the broader economy.
Key Facts
- The all-time high for the monthly average gasoline price was $4.71 per gallon in July 2008.
- Gasoline prices typically peak during the summer driving season.
- Changes in gasoline prices can significantly impact consumer sentiment and spending.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend tracks the average retail price of all grades of gasoline sold to consumers across the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer spending and a major driver of inflation, making this trend essential for understanding household budgets and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the impact of gasoline prices on consumer spending, inflation, and the overall state of the economy.
Q: Are there update delays or limitations?
A: The monthly gasoline price data is published with a short lag, typically within a few weeks of the end of each month.
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Citation
U.S. Federal Reserve, GASALLMWM (Monthly), retrieved from FRED.