PADD I (East Coast District) Premium Conventional Gas Price
GASPRMCOVECW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.77
Year-over-Year Change
-0.34%
Date Range
7/3/2006 - 8/25/2025
Summary
The PADD I (East Coast District) Premium Conventional Gas Price measures the average retail price of premium conventional gasoline across the East Coast region of the United States. This metric is important for analyzing trends in consumer fuel costs and energy markets.
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 I Premium Conventional Gas Price represents the average price paid by consumers for premium-grade conventional gasoline sold at retail outlets in the East Coast region, which includes states from Maine to Florida. This data series is used by economists, policymakers, and industry analysts to understand regional fuel price dynamics and their impact on consumer spending and transportation costs.
Methodology
The data is collected through a survey of retail gasoline stations by the U.S. Energy Information Administration.
Historical Context
This price trend is closely monitored for its implications on consumer behavior, inflation, and the broader economy.
Key Facts
- East Coast region accounts for over 30% of U.S. gasoline consumption.
- Premium gasoline makes up about 10% of total U.S. gasoline sales.
- Prices vary significantly by season due to supply and demand factors.
FAQs
Q: What does this economic trend measure?
A: The PADD I Premium Conventional Gas Price measures the average retail price of premium-grade conventional gasoline sold across the East Coast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price trend is important for understanding consumer fuel costs, transportation expenses, and the broader economic implications of energy price fluctuations in a key U.S. market.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail gasoline stations conducted by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this regional fuel price metric to assess its impact on consumer behavior, inflation, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published weekly with a short lag, providing timely insights on East Coast premium gasoline prices.
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Citation
U.S. Federal Reserve, PADD I (East Coast District) Premium Conventional Gas Price (GASPRMCOVECW), retrieved from FRED.