PADD II (Midwest District) Premium Conventional Gas Price
GASPRMCOVMWW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.87
Year-over-Year Change
1.55%
Date Range
6/12/2006 - 8/4/2025
Summary
The 'PADD II (Midwest District) Premium Conventional Gas Price' tracks the average retail price of premium-grade conventional gasoline in the Midwest region of the United States. This metric is important for monitoring fuel costs and consumer spending.
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
This series represents the average price, in cents per gallon, of premium-grade conventional gasoline sold through retail outlets in the Petroleum Administration for Defense District (PADD) II region, which covers the Midwest states. It is a key indicator of regional fuel market conditions and consumer purchasing power.
Methodology
The data is collected through surveys of gasoline retailers by the U.S. Energy Information Administration.
Historical Context
Policymakers and market analysts use this series to assess the state of the Midwest fuel market and its impact on the broader economy.
Key Facts
- The Midwest region accounts for over 20% of U.S. gasoline consumption.
- Premium gas typically costs 20-30 cents more per gallon than regular grade.
- Gasoline prices are a major component of household budgets in the Midwest.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price of premium-grade conventional gasoline sold in the Midwest region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for monitoring fuel costs and consumer purchasing power in the Midwest, which is a key economic region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this series to assess the state of the Midwest fuel market and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is published weekly with minimal delays, providing timely insights into Midwest gasoline market conditions.
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Citation
U.S. Federal Reserve, PADD II (Midwest District) Premium Conventional Gas Price (GASPRMCOVMWW), retrieved from FRED.