PADD II (Midwest District) Midgrade Conventional Gas Price
GASMIDCOVMWW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.40
Year-over-Year Change
2.87%
Date Range
6/12/2006 - 8/4/2025
Summary
The 'PADD II (Midwest District) Midgrade Conventional Gas Price' measures the average retail price of midgrade conventional gasoline in the Midwest region of the United States. This metric is a key indicator of fuel costs and consumer 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
This economic series tracks the daily average price per gallon of midgrade conventional gasoline across the Midwest region, which includes Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. It is used by analysts to monitor regional price fluctuations and inform economic policy.
Methodology
The data is collected through a survey of fuel retailers by the U.S. Energy Information Administration.
Historical Context
This gasoline price trend is closely watched by policymakers, consumers, and market participants to assess the state of the U.S. economy and energy sector.
Key Facts
- Midwest gas prices account for approximately 22% of total U.S. gasoline consumption.
- Midgrade gasoline typically costs 10-20 cents more per gallon than regular.
- Gasoline prices in the Midwest are often influenced by refinery output and pipeline capacity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per gallon of midgrade conventional gasoline in the Midwest region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of regional fuel costs and consumer price trends, and is closely watched by policymakers, consumers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through a survey of fuel retailers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This gasoline price trend is used by policymakers, economists, and market participants to assess the state of the U.S. economy and energy sector.
Q: Are there update delays or limitations?
A: The data is reported daily, with occasional delays due to survey response times.
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Citation
U.S. Federal Reserve, PADD II (Midwest District) Midgrade Conventional Gas Price (GASMIDCOVMWW), retrieved from FRED.