PADD III (Gulf Coast District) Midgrade Conventional Gas Price
GASMIDCOVGCW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.24
Year-over-Year Change
1.85%
Date Range
6/12/2006 - 8/4/2025
Summary
The 'PADD III (Gulf Coast District) Midgrade Conventional Gas Price' trend measures the average wholesale price of midgrade conventional gasoline in the Gulf Coast region of the United States. This key metric provides insight into fuel costs and supply dynamics impacting consumers and businesses.
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, excluding taxes, of midgrade conventional gasoline sold in the Gulf Coast Petroleum Administration for Defense District (PADD). The Gulf Coast is a major refining and distribution hub, so this price serves as an important benchmark for regional and national fuel markets.
Methodology
The data is collected and reported weekly by the U.S. Energy Information Administration.
Historical Context
Monitoring this trend helps policymakers, analysts, and consumers understand market conditions and the economic factors driving gasoline prices.
Key Facts
- The Gulf Coast is the largest of the five PADD regions, accounting for nearly 50% of U.S. refining capacity.
- Midgrade gasoline has an octane rating between regular and premium, typically 88 to 90.
- Gasoline prices are closely watched as they impact household budgets and business costs.
FAQs
Q: What does this economic trend measure?
A: The 'PADD III (Gulf Coast District) Midgrade Conventional Gas Price' measures the average wholesale price of midgrade conventional gasoline in the Gulf Coast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into fuel costs and supply dynamics impacting consumers and businesses, as the Gulf Coast is a major refining and distribution hub for the national gasoline market.
Q: How is this data collected or calculated?
A: The data is collected and reported weekly by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Monitoring this trend helps policymakers, analysts, and consumers understand market conditions and the economic factors driving gasoline prices.
Q: Are there update delays or limitations?
A: The data is reported on a weekly basis with minimal delay.
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Citation
U.S. Federal Reserve, PADD III (Gulf Coast District) Midgrade Conventional Gas Price (GASMIDCOVGCW), retrieved from FRED.