PADD II (Midwest District) Midgrade All Formulations Gas Price
GASMIDMWW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.47
Year-over-Year Change
-0.49%
Date Range
6/19/2006 - 8/11/2025
Summary
The PADD II (Midwest District) Midgrade All Formulations Gas Price tracks the average retail price of midgrade gasoline in the Midwest region of the United States. This metric is closely monitored by policymakers and market analysts to assess regional fuel market dynamics.
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 PADD II Midgrade All Formulations Gas Price represents the average price consumers pay for midgrade gasoline across the Midwest states. This data point is a key indicator of regional fuel costs and is used to analyze price trends, supply and demand, and the broader economic impact of changes in transportation energy prices.
Methodology
The data is collected through surveys of fuel retailers by the U.S. Energy Information Administration.
Historical Context
Trends in the PADD II midgrade gas price are closely watched by the Federal Reserve, Department of Energy, and private sector analysts to inform economic and energy policy decisions.
Key Facts
- The Midwest region accounts for over 20% of total U.S. gasoline consumption.
- Midgrade gasoline typically sells for 10-20 cents more per gallon than regular grade.
- Gas prices in the Midwest can vary significantly from the national average due to regional supply and demand factors.
FAQs
Q: What does this economic trend measure?
A: The PADD II Midgrade All Formulations Gas Price tracks the average retail price of midgrade gasoline across the Midwest region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers and market analysts to assess regional fuel market dynamics and the economic impact of changes in transportation energy prices.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Trends in the PADD II midgrade gas price are closely watched by the Federal Reserve, Department of Energy, and private sector analysts to inform economic and energy policy decisions.
Q: Are there update delays or limitations?
A: The data is released weekly with a short lag, providing timely insights into regional fuel market conditions.
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Citation
U.S. Federal Reserve, PADD II (Midwest District) Midgrade All Formulations Gas Price (GASMIDMWW), retrieved from FRED.