PADD II (Midwest District) Premium Reformulated Gas Price
GASPRMREFMWA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.50
Year-over-Year Change
13.31%
Date Range
1/1/1995 - 1/1/2024
Summary
The PADD II (Midwest District) Premium Reformulated Gas Price tracks the average retail price of premium reformulated gasoline in the Midwest region of the United States. This metric is closely watched by economists and policymakers to gauge market conditions and consumer behavior.
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
Premium reformulated gasoline is a higher-quality fuel blend designed to reduce emissions and improve engine performance. The PADD II Midwest region encompasses major industrial and agricultural states, making this price series an important indicator of energy costs and inflationary pressures.
Methodology
The data is collected and reported weekly by the U.S. Energy Information Administration based on a survey of gas stations.
Historical Context
This price trend is used to inform decisions on energy policy, market regulation, and consumer protection.
Key Facts
- Premium gasoline accounts for about 10% of total U.S. gasoline consumption.
- The Midwest region produces over 20% of the nation's ethanol supply.
- Reformulated gasoline has been required in certain urban areas since the 1990s to reduce emissions.
FAQs
Q: What does this economic trend measure?
A: The PADD II (Midwest District) Premium Reformulated Gas Price tracks the average retail price of premium, low-emissions gasoline in the Midwest region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This price series is an important indicator of energy costs, consumer purchasing power, and inflationary pressures in the Midwest, a key industrial and agricultural hub.
Q: How is this data collected or calculated?
A: The data is collected and reported weekly by the U.S. Energy Information Administration based on a survey of gas stations across the Midwest region.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this price trend to inform decisions on energy policy, market regulation, and consumer protection measures.
Q: Are there update delays or limitations?
A: The data is published weekly with a short lag, providing timely insights but subject to potential revisions.
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Citation
U.S. Federal Reserve, PADD II (Midwest District) Premium Reformulated Gas Price (GASPRMREFMWA), retrieved from FRED.