PADD I (East Coast District) Diesel Sales Price
Annual
GASDESECA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.84
Year-over-Year Change
-4.24%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual gasoline consumption in the United States measures total retail sales of motor gasoline. It is a key indicator of energy demand and economic activity.
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 gasoline consumption series represents the total volume of gasoline sold at retail stations across the United States. It is a widely-tracked metric that provides insight into consumer behavior, transportation trends, and broader economic conditions.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of gasoline retailers.
Historical Context
Policymakers and analysts use this trend to assess energy consumption patterns and their potential impact on the economy.
Key Facts
- Gasoline consumption reached a peak of 142 billion gallons in 2018.
- Consumption declined in 2020 due to the COVID-19 pandemic.
- The U.S. is the world's largest consumer of gasoline.
FAQs
Q: What does this economic trend measure?
A: The Annual gasoline consumption series measures the total volume of motor gasoline sold at retail stations across the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer behavior, transportation patterns, and broader economic conditions, making it a key indicator for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through surveys of gasoline retailers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess energy consumption patterns and their potential impact on the economy.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months.
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Citation
U.S. Federal Reserve, Annual Gasoline Consumption (GASDESECA), retrieved from FRED.