PADD V (West Coast District) Premium Reformulated Gas Price
Annual
GASPRMREFWCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.93
Year-over-Year Change
17.05%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual trend measures the annual production of refinery and blender net production of finished motor gasoline in the United States. This metric is a key indicator of energy consumption and economic activity.
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
Finished motor gasoline is a major transportation fuel and a crucial indicator of economic health. The Annual trend provides a comprehensive yearly measure of total domestic gasoline production, offering insights into energy demand, refining capacity, and broader macroeconomic conditions.
Methodology
The data is collected and published by the U.S. Energy Information Administration based on surveys of petroleum refiners and blenders.
Historical Context
Policymakers and analysts monitor this trend to assess energy supply, infrastructure needs, and the state of the overall economy.
Key Facts
- Gasoline is the most-consumed petroleum product in the United States.
- Domestic gasoline production peaked in 2018 at over 10 million barrels per day.
- The Annual trend is a monthly series dating back to 1981.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the total annual production of finished motor gasoline in the United States, including both refinery output and blending operations.
Q: Why is this trend relevant for users or analysts?
A: Gasoline production is a critical indicator of energy consumption, transportation activity, and broader economic conditions. This annual data provides a comprehensive view of the U.S. gasoline market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through surveys of petroleum refiners and blenders across the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess energy supply, infrastructure needs, and the overall state of the economy. It informs decisions around energy policy, transportation, and macroeconomic management.
Q: Are there update delays or limitations?
A: The Annual series is published with a delay of several months after the end of the reference year. There may also be revisions to historical data as more complete information becomes available.
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Citation
U.S. Energy Information Administration, Annual (GASPRMREFWCA), retrieved from FRED.