PADD II (Midwest District) Premium Reformulated Gas Price
Weekly
GASPRMREFMWW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.56
Year-over-Year Change
6.00%
Date Range
7/10/2006 - 9/1/2025
Summary
This economic trend measures the average price of regular-grade gasoline in the United States on a weekly basis. It is a key indicator of consumer spending and broader economic conditions.
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 weekly gasoline price series tracks the average retail price paid by U.S. consumers for regular gasoline. This data is used by economists, policymakers, and market analysts to monitor inflation, consumer behavior, and the health of the broader economy.
Methodology
This data is collected and calculated by the U.S. Energy Information Administration based on surveys of gasoline stations across the country.
Historical Context
Gasoline prices are closely watched as they can influence consumer spending, transportation costs, and overall inflation levels.
Key Facts
- Gasoline is a major household expense for most Americans.
- Prices can fluctuate significantly based on global oil markets and regional supply/demand.
- Changes in gas prices often drive shifts in consumer behavior and broader economic indicators.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price paid by U.S. consumers for regular-grade gasoline on a weekly basis.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of consumer spending, transportation costs, and broader economic conditions. This data is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration based on surveys of gasoline stations across the country.
Q: How is this trend used in economic policy?
A: Gasoline prices are monitored as they can influence inflation, consumer behavior, and broader economic performance. Policymakers use this data to inform decisions around energy, transportation, and fiscal policies.
Q: Are there update delays or limitations?
A: The weekly gasoline price data is typically published with a short lag, allowing for timely analysis of current economic conditions.
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Citation
U.S. Federal Reserve, Weekly Gasoline Prices (GASPRMREFMWW), retrieved from FRED.