PADD II (Midwest District) Premium All Formulations Gas Price
GASPRMMWM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.98
Year-over-Year Change
-8.79%
Date Range
12/1/1994 - 7/1/2025
Summary
The 'PADD II (Midwest District) Premium All Formulations Gas Price' measures the average retail price of gasoline in the Midwest region of the United States. This metric is crucial for economists and policymakers to assess fuel affordability and monitor the health of the Midwest energy market.
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 tracks the average price consumers pay for premium-grade gasoline across the Midwest, which includes states like Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. The data is used to analyze regional fuel price trends and inform decision-making around energy policies and consumer impacts.
Methodology
The data is collected through surveys of fuel retailers by the U.S. Energy Information Administration.
Historical Context
Policymakers and market analysts use this metric to gauge the Midwest's economic conditions and consumer purchasing power.
Key Facts
- The Midwest accounts for over 20% of total U.S. gasoline consumption.
- Prices for premium gasoline are typically 20-30 cents higher than regular grade.
- Gasoline prices can significantly impact household budgets and business costs in the Midwest.
FAQs
Q: What does this economic trend measure?
A: The 'PADD II (Midwest District) Premium All Formulations Gas Price' tracks the average retail price of premium-grade gasoline sold in the Midwest region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding fuel affordability and the health of the Midwest energy market, which is important for economists, policymakers, and consumers in the region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to gauge the Midwest's economic conditions and consumer purchasing power, informing decisions around energy policies and consumer impacts.
Q: Are there update delays or limitations?
A: The data is published weekly with minimal delay, providing timely insight into Midwest gasoline price trends.
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Citation
U.S. Federal Reserve, PADD II (Midwest District) Premium All Formulations Gas Price (GASPRMMWM), retrieved from FRED.