PADD IV (Rocky Mountain District) Premium All Formulations Gas Price
Annual
GASPRMRMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.77
Year-over-Year Change
0.94%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual Retail Motor Gasoline Price measures the average retail price of motor gasoline in the United States. This key economic indicator reflects consumer purchasing power and provides insights into broader energy and transportation trends.
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 annual average price per gallon of regular grade gasoline sold through retail outlets in the U.S. The data is compiled by the U.S. Energy Information Administration and serves as an important benchmark for consumers, policymakers, and market analysts.
Methodology
The price data is collected through surveys of a representative sample of retail gasoline outlets.
Historical Context
The Annual Retail Motor Gasoline Price is widely referenced in discussions of consumer spending, inflation, and energy policy.
Key Facts
- The annual average gasoline price reached a peak of $4.11 per gallon in 2008.
- Gasoline prices are a major component of the Consumer Price Index (CPI).
- Retail gasoline prices can significantly impact consumer spending and transportation costs.
FAQs
Q: What does this economic trend measure?
A: The Annual Retail Motor Gasoline Price measures the average retail price per gallon of regular grade gasoline sold through outlets in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer purchasing power, transportation costs, and broader energy market dynamics.
Q: How is this data collected or calculated?
A: The U.S. Energy Information Administration collects the price data through surveys of a representative sample of retail gasoline outlets.
Q: How is this trend used in economic policy?
A: Retail gasoline prices are closely monitored by policymakers, economists, and market analysts to assess consumer spending, inflationary pressures, and the impact of energy policies.
Q: Are there update delays or limitations?
A: The Annual Retail Motor Gasoline Price data is published with a short lag, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual Retail Motor Gasoline Price (GASPRMRMA), retrieved from FRED.