PADD I (East Coast District) Midgrade Conventional Gas Price
GASMIDCOVECM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.43
Year-over-Year Change
-8.12%
Date Range
12/1/1994 - 8/1/2025
Summary
The 'PADD I (East Coast District) Midgrade Conventional Gas Price' trend measures the average wholesale price of midgrade conventional gasoline in the East Coast region of the United States. This metric is closely watched by analysts and policymakers as an indicator of energy costs and broader economic conditions.
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
This series tracks the wholesale price of midgrade conventional gasoline sold in the East Coast region, known as Petroleum Administration for Defense District I (PADD I). It is considered a key benchmark for assessing energy market dynamics and consumer purchasing power in this major economic area.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration.
Historical Context
Gasoline prices are a crucial input for economic modeling, consumer spending analysis, and energy policy decisions.
Key Facts
- Midgrade conventional gas is a common fuel type for passenger vehicles.
- The East Coast region accounts for over a third of U.S. petroleum consumption.
- Wholesale gas prices influence retail pump prices paid by consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average wholesale price of midgrade conventional gasoline sold in the East Coast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a critical economic indicator, influencing consumer spending, transportation costs, and broader inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor energy market dynamics and assess the potential impacts on consumer spending, inflation, and the broader economy.
Q: Are there update delays or limitations?
A: The data is published weekly with minimal delays, providing timely insights into East Coast fuel markets.
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Citation
U.S. Federal Reserve, PADD I (East Coast District) Midgrade Conventional Gas Price (GASMIDCOVECM), retrieved from FRED.