PADD II (Midwest District) Premium Conventional Gas Price
Monthly
GASPRMCOVMWM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.87
Year-over-Year Change
-6.09%
Date Range
12/1/1994 - 8/1/2025
Summary
The 'Monthly' economic trend measures the average price of regular unleaded gasoline per gallon in the United States. This metric is 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' series tracks the average price of regular gasoline across the country on a monthly basis. It is an important barometer of household purchasing power and a driver of broader consumer price indices.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration through surveys of retail fuel stations.
Historical Context
Policymakers and analysts closely monitor this trend to assess the impact of energy costs on the broader economy.
Key Facts
- The average U.S. gas price hit a record high of $5.02 per gallon in June 2022.
- Gas prices rose over 50% year-over-year as of mid-2022.
- Fuel costs are a major component of the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend tracks the average price of regular unleaded gasoline per gallon across the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of consumer spending power and inflationary pressures in the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration through surveys of retail fuel stations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the impact of energy costs on consumer behavior and broader economic conditions.
Q: Are there update delays or limitations?
A: The 'Monthly' gas price data is reported 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 (GASPRMCOVMWM), retrieved from FRED.