PADD V (West Coast District) Premium Reformulated Gas Price
Monthly
GASPRMREFWCM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.71
Year-over-Year Change
-0.97%
Date Range
1/1/1995 - 8/1/2025
Summary
This series measures the average U.S. retail price of regular grade gasoline. It is a key indicator of consumer energy costs and an important input for economic analysis.
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 Monthly Retail Gasoline Price trend tracks the national average price per gallon of regular-grade gasoline sold at retail stations across the United States. It is a widely-followed economic indicator that provides insight into consumer energy expenditures and inflation.
Methodology
The data is collected through a survey of gas stations by the U.S. Energy Information Administration.
Historical Context
Gasoline prices impact consumer spending, transportation costs, and macroeconomic policy decisions.
Key Facts
- The all-time high monthly average was $4.71 in July 2008.
- Gasoline prices fell sharply in 2020 due to the COVID-19 pandemic.
- Prices have risen significantly since 2021 due to global supply chain issues.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average U.S. retail price per gallon of regular grade gasoline sold at fuel stations nationwide.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key component of consumer spending and inflation, making this trend highly relevant for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through a weekly survey of gas stations by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely monitored by the Federal Reserve and other policymakers as an indicator of consumer prices and inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published weekly with a short lag, providing timely information on this important economic indicator.
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Citation
U.S. Federal Reserve, Monthly Retail Gasoline Price (GASPRMREFWCM), retrieved from FRED.