PADD V (West Coast District) Midgrade All Formulations Gas Price
Weekly
GASMIDWCW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.54
Year-over-Year Change
-2.35%
Date Range
7/3/2006 - 8/25/2025
Summary
The 'Weekly' economic trend, identified by the Series ID GASMIDWCW, measures the average price of regular gasoline in the United States. This data is a key indicator of consumer costs and energy 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 'Weekly' trend tracks the average price per gallon of regular gasoline across the U.S. on a weekly basis. This metric is closely monitored by economists, policymakers, and the public as it reflects fluctuations in supply, demand, and other factors that impact household budgets and broader economic conditions.
Methodology
The data is collected and reported by the U.S. Energy Information Administration.
Historical Context
Gasoline prices are a significant component of the Consumer Price Index (CPI) and are closely watched for their impact on consumer spending and inflation.
Key Facts
- The all-time high for the average U.S. gasoline price was $4.71 per gallon in June 2022.
- Gasoline accounts for approximately 5% of the total U.S. household budget.
- Fluctuations in gasoline prices can significantly impact consumer confidence and spending patterns.
FAQs
Q: What does this economic trend measure?
A: The 'Weekly' trend measures the average price per gallon of regular gasoline across the United States on a weekly basis.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of consumer costs and energy market dynamics, making this trend highly relevant for economists, policymakers, and the general public.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Gasoline prices are a significant component of the Consumer Price Index (CPI) and are closely watched for their impact on consumer spending and inflation, which are key factors in economic policymaking.
Q: Are there update delays or limitations?
A: The 'Weekly' gasoline price data is reported on a weekly basis with minimal delays, providing timely insights into this important economic indicator.
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Citation
U.S. Federal Reserve, Weekly (GASMIDWCW), retrieved from FRED.