PADD I (East Coast District) All Grades Reformulated Gas Price
GASALLREFECA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.39
Year-over-Year Change
-9.56%
Date Range
1/1/1995 - 1/1/2024
Summary
This series tracks the average price of all grades of reformulated gasoline in the East Coast region, a key economic indicator for energy and transportation sectors.
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 PADD I (East Coast District) All Grades Reformulated Gas Price measures the average retail price per gallon of reformulated gasoline across all grades (regular, midgrade, and premium) for the East Coast region. This metric is used to analyze price trends and market dynamics in the transportation fuel industry.
Methodology
The data is collected by the U.S. Energy Information Administration through weekly surveys of retail gasoline stations.
Historical Context
This price trend is closely monitored by policymakers, industry analysts, and consumers to understand the cost of living and the state of the economy.
Key Facts
- The East Coast region accounts for over 50% of U.S. gasoline consumption.
- Reformulated gasoline has lower emissions compared to conventional gasoline.
- Gasoline prices can significantly impact household budgets and business costs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per gallon of reformulated gasoline across all grades (regular, midgrade, and premium) in the East Coast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: The PADD I All Grades Reformulated Gas Price is a key indicator for transportation costs, consumer spending, and overall economic activity in the East Coast region.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through weekly surveys of retail gasoline stations.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and consumers closely monitor this price trend to understand the cost of living and the state of the economy.
Q: Are there update delays or limitations?
A: The data is updated weekly by the U.S. Energy Information Administration, with a typical 1-2 week lag in reporting.
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Citation
U.S. Federal Reserve, PADD I (East Coast District) All Grades Reformulated Gas Price (GASALLREFECA), retrieved from FRED.