PADD V (West Coast District) No 2 Diesel Ultra Low Sulfur (0-15 ppm) Sales Price
Annual
GASDESLSWCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.42
Year-over-Year Change
6.05%
Date Range
1/1/2008 - 1/1/2024
Summary
The Annual series measures the annual average retail price of regular grade gasoline in the United States. This key economic indicator is closely watched by policymakers and analysts to assess consumer spending, energy costs, and overall price trends.
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 series from the U.S. Energy Information Administration tracks the nationwide average retail price per gallon of regular gasoline over a 12-month period. This long-running data set provides crucial insights into energy market dynamics and household purchasing power.
Methodology
The prices are collected and calculated by surveying a sample of gasoline retailers across the country.
Historical Context
Gasoline prices have significant implications for consumer behavior, business costs, and policy decisions.
Key Facts
- The annual average price of regular gasoline peaked at $4.11 per gallon in 2008.
- Gasoline prices account for a significant portion of household budgets.
- Fluctuations in gasoline prices can impact overall consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: The Annual series tracks the nationwide average retail price per gallon of regular gasoline over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key economic indicator with significant implications for consumer spending, business costs, and policy decisions.
Q: How is this data collected or calculated?
A: The prices are collected and calculated by surveying a sample of gasoline retailers across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor gasoline prices to assess energy market dynamics, consumer purchasing power, and overall price trends.
Q: Are there update delays or limitations?
A: The Annual series provides a comprehensive national average, but may not capture localized price variations.
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Citation
U.S. Energy Information Administration, Annual Retail Gasoline Prices (GASDESLSWCA), retrieved from FRED.