PADD II (Midwest District) Midgrade Conventional Gas Price
Monthly
GASMIDCOVMWM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.39
Year-over-Year Change
-6.94%
Date Range
12/1/1994 - 8/1/2025
Summary
The 'Monthly' economic trend measures the average price of regular unleaded gasoline in the United States. It is a key indicator of consumer energy costs and an important metric for policymakers and economists.
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 'Monthly' trend represents the average price per gallon of regular gasoline across the contiguous United States. It is a widely-cited benchmark for assessing changes in household energy expenditures and the broader inflationary environment.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration.
Historical Context
Gasoline prices are closely monitored by the Federal Reserve and other institutions for their impact on consumer spending and inflation.
Key Facts
- Gasoline is a major household expense for most Americans.
- Prices fluctuate based on global oil supply, refinery capacity, and seasonal demand.
- The 'Monthly' trend data dates back to 1990.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the average price per gallon of regular gasoline across the contiguous United States.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of consumer energy costs and an important factor in assessing 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: Gasoline prices are closely monitored by the Federal Reserve and other institutions for their impact on consumer spending and inflation.
Q: Are there update delays or limitations?
A: The 'Monthly' trend data is published regularly with minimal delay.
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Citation
U.S. Federal Reserve, Monthly (GASMIDCOVMWM), retrieved from FRED.