PADD V (West Coast District) Midgrade All Formulations Gas Price
This dataset tracks padd v (west coast district) midgrade all formulations gas price over time.
Latest Value
4.48
Year-over-Year Change
-2.90%
Date Range
12/1/1994 - 7/1/2025
Summary
The 'PADD V (West Coast District) Midgrade All Formulations Gas Price' measures the average retail price of midgrade gasoline in the West Coast region of the United States. This data point is crucial for understanding fuel costs and consumer trends in a key economic area.
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 average price per gallon of midgrade gasoline sold in the West Coast Petroleum Administration for Defense District (PADD V), which includes California, Oregon, Washington, Arizona, and Nevada. Midgrade fuel represents a middle-tier octane level between regular and premium, and this metric provides insight into overall regional gasoline pricing dynamics.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration through a nationwide survey of retail fuel stations.
Historical Context
This gasoline price index is closely monitored by policymakers, businesses, and consumers to assess economic conditions and the impacts of factors like supply, demand, and taxes on transportation and consumer costs.
Key Facts
- Gasoline accounts for a significant portion of household budgets in the West Coast region.
- Midgrade fuel represents a middle-tier option between regular and premium gasoline.
- Prices can fluctuate due to factors like crude oil costs, refinery output, and seasonal demand.
FAQs
Q: What does this economic trend measure?
A: The 'PADD V (West Coast District) Midgrade All Formulations Gas Price' tracks the average retail price per gallon of midgrade gasoline sold in the West Coast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This gasoline price index provides important insight into overall economic conditions and consumer costs in a key U.S. market, informing decisions by policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration through a nationwide survey of retail fuel stations.
Q: How is this trend used in economic policy?
A: This gasoline price metric is closely monitored to assess the impacts of factors like supply, demand, and taxes on transportation and consumer costs, which informs economic and energy policy decisions.
Q: Are there update delays or limitations?
A: The data is published weekly with minimal delays, providing timely insights, though it may not capture all regional price variations within the broad West Coast market.
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Citation
U.S. Federal Reserve, PADD V (West Coast District) Midgrade All Formulations Gas Price (GASMIDWCM), retrieved from FRED.