PADD V (West Coast District) All Grades Reformulated Gas Price
Annual
GASALLREFWCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.50
Year-over-Year Change
11.49%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual trend measures the average price of all grades of gasoline sold through retail outlets in the United States. It is a key indicator of consumer energy costs and an important metric for policymakers and analysts.
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 Annual trend represents the yearly average price of gasoline, including all formulations and grades sold at the retail level across the United States. This metric is closely watched by economists, consumers, and government agencies as it reflects broader trends in energy prices and consumer spending.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of retail gasoline stations.
Historical Context
Gasoline prices have a significant impact on consumer budgets and the broader economy, making this trend highly relevant for policy decisions and market analysis.
Key Facts
- The annual average gasoline price in the U.S. was $3.60 per gallon in 2022.
- Gasoline prices have a significant impact on consumer spending and inflation.
- The Annual trend is a key input for policymakers in managing energy and economic policies.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the yearly average price of all grades of gasoline sold through retail outlets in the United States.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices have a substantial impact on consumer budgets and the broader economy, making this trend highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through surveys of retail gasoline stations.
Q: How is this trend used in economic policy?
A: Policymakers and government agencies closely monitor this trend to assess the impact of energy prices on the economy and make informed decisions about energy and economic policies.
Q: Are there update delays or limitations?
A: The Annual trend is updated on a regular basis, but there may be some delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Annual (GASALLREFWCA), retrieved from FRED.