PADD III (Gulf Coast District) No 2 Diesel Ultra Low Sulfur (0-15 ppm) Sales Price
Annual
GASDESLSGCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.46
Year-over-Year Change
-10.81%
Date Range
1/1/2008 - 1/1/2024
Summary
The 'Annual' economic trend tracks the average retail price of regular-grade gasoline in the United States on an annual basis. This metric is a key indicator of consumer energy costs and can provide insights into broader inflationary pressures.
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 measures the average price per gallon of regular-grade gasoline sold to consumers across the United States. It is a widely followed indicator of household energy expenditures and can signal changes in broader economic conditions.
Methodology
The data is collected through surveys of gasoline retailers and aggregated by the U.S. Energy Information Administration.
Historical Context
Policymakers and analysts closely monitor this trend to assess the impacts of energy prices on consumer spending, inflation, and the broader economy.
Key Facts
- The annual average price of regular gasoline in the U.S. was $3.53 per gallon in 2022.
- Gasoline prices peaked in June 2022 at a national average of $5.02 per gallon.
- Energy costs account for about 7% of the average U.S. household's annual expenditures.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the average retail price of regular-grade gasoline sold to consumers across the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of household energy costs and can provide insights into broader inflationary pressures and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers and aggregated by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the impacts of energy prices on consumer spending, inflation, and the broader economy.
Q: Are there update delays or limitations?
A: The 'Annual' data is updated periodically by the U.S. Energy Information Administration and may be subject to revisions.
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Citation
U.S. Federal Reserve, Annual (GASDESLSGCA), retrieved from FRED.