PADD III (Gulf Coast District) Premium Conventional Gas Price
Monthly
GASPRMCOVGCM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.56
Year-over-Year Change
-6.36%
Date Range
12/1/1994 - 8/1/2025
Summary
The Monthly Gasoline Price (including taxes) is a measure of the average price paid by consumers for a gallon of regular unleaded gasoline in the United States. This metric is closely watched by economists and policymakers as a key indicator of consumer spending and inflationary pressures.
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 Gasoline Price series represents the national average retail price per gallon that consumers pay for regular grade gasoline across the United States. It is a crucial data point for understanding consumer behavior, energy costs, and their impacts on the broader economy.
Methodology
The U.S. Energy Information Administration collects this data through a weekly survey of a representative sample of retail gasoline outlets.
Historical Context
Fluctuations in the monthly gasoline price provide insights into consumer spending patterns, transportation costs, and the state of the overall economy.
Key Facts
- Gasoline prices reached a peak in 2022 due to supply chain disruptions and geopolitical tensions.
- The monthly gasoline price is a key component of the Consumer Price Index (CPI), a widely followed measure of inflation.
- Changes in the monthly gasoline price can significantly impact household budgets and discretionary spending.
FAQs
Q: What does this economic trend measure?
A: The Monthly Gasoline Price (including taxes) measures the average retail price per gallon that consumers pay for regular grade gasoline across the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as a key indicator of consumer spending, transportation costs, and inflationary pressures in the broader economy.
Q: How is this data collected or calculated?
A: The U.S. Energy Information Administration collects this data through a weekly survey of a representative sample of retail gasoline outlets.
Q: How is this trend used in economic policy?
A: Fluctuations in the monthly gasoline price provide insights into consumer behavior, transportation costs, and the overall state of the economy, which are crucial for informing economic policies and market analyses.
Q: Are there update delays or limitations?
A: The monthly gasoline price data is released with a short lag, typically within a few weeks of the end of each month.
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Citation
U.S. Federal Reserve, Monthly Gasoline Price (including taxes) (GASPRMCOVGCM), retrieved from FRED.