PADD IV (Rocky Mountain District) No 2 Diesel Ultra Low Sulfur (0-15 ppm) Sales Price
Annual
GASDESLSRMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.70
Year-over-Year Change
-7.03%
Date Range
1/1/2008 - 1/1/2024
Summary
The Annual retail gas sales trend measures the total annual sales volume of motor gasoline at retail stations in the United States. This metric is a key indicator of consumer 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 retail gas sales trend reflects the total volume of retail gasoline sales over a 12-month period. It provides insight into consumer driving patterns, transportation demand, and the overall health of the U.S. economy.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of retail gasoline outlets.
Historical Context
Economists and policymakers monitor this trend to assess consumer behavior and the broader economic climate.
Key Facts
- Retail gas sales reached a record high of 142 billion gallons in 2018.
- Annual gas sales declined by 3.1% in 2020 due to the COVID-19 pandemic.
- The U.S. consumes over 350 million gallons of gasoline per day on average.
FAQs
Q: What does this economic trend measure?
A: The Annual retail gas sales trend measures the total volume of motor gasoline sold at retail stations in the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer driving patterns, transportation demand, and the overall health of the U.S. economy, making it a key indicator for economists and policymakers.
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 outlets.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess consumer behavior and the broader economic climate, as it reflects transportation demand and overall economic activity.
Q: Are there update delays or limitations?
A: The Annual retail gas sales data is published with a delay of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Annual retail gas sales (GASDESLSRMA), retrieved from FRED.