PADD I (East Coast District) Premium Conventional Gas Price
Monthly
GASPRMCOVECM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.79
Year-over-Year Change
-7.48%
Date Range
12/1/1994 - 8/1/2025
Summary
The 'Monthly' trend measures the percentage change in the Consumer Price Index for Gasoline, a key indicator of consumer prices and inflation.
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' series tracks the month-over-month change in the price of gasoline, a major household expense and economic input. It is a closely watched metric used by policymakers, economists, and analysts to assess inflationary pressures.
Methodology
The data is collected through surveys of retail gasoline stations by the U.S. Bureau of Labor Statistics.
Historical Context
Gasoline prices influence consumer confidence, purchasing power, and broader economic activity.
Key Facts
- Gasoline is a significant household expense, accounting for around 3-4% of consumer spending.
- Volatile gasoline prices can impact consumer confidence and broader economic conditions.
- The 'Monthly' series provides timely data on changes in this important consumer price metric.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the month-over-month percentage change in the Consumer Price Index (CPI) for Gasoline, a key indicator of consumer prices and inflation.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a major household expense and economic input, so this trend is closely watched by policymakers, economists, and analysts to assess inflationary pressures and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail gasoline stations by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Gasoline prices influence consumer confidence, spending, and broader economic activity, so this trend is used by policymakers and analysts to inform decisions and forecasts.
Q: Are there update delays or limitations?
A: The 'Monthly' series is published in a timely manner, with data typically available within a month of the reference period.
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Citation
U.S. Federal Reserve, GASPRMCOVECM (Monthly), retrieved from FRED.