US Premium All Formulations Gas Price
This dataset tracks us premium all formulations gas price over time.
Latest Value
4.07
Year-over-Year Change
-0.05%
Date Range
11/28/1994 - 8/25/2025
Summary
The US Premium All Formulations Gas Price tracks the average retail price of premium gasoline across the United States. This metric is closely monitored by economists and policymakers to gauge consumer spending and energy market 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
This series represents the average price per gallon that consumers pay for premium grade gasoline in the US. It is a key indicator of energy costs and consumer behavior, providing insights into the broader economy.
Methodology
The data is collected through a survey of gasoline retailers by the US Energy Information Administration.
Historical Context
The gas price trend is used by the Federal Reserve, government agencies, and analysts to assess inflationary pressures and the state of the consumer economy.
Key Facts
- Premium gasoline prices averaged $4.24 per gallon in June 2022.
- Prices have risen over 50% since January 2021.
- The all-time high for this series was $4.71 in March 2022.
FAQs
Q: What does this economic trend measure?
A: The US Premium All Formulations Gas Price tracks the average retail price that consumers pay for premium grade gasoline across the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of energy costs and consumer behavior, providing insights into broader economic conditions and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through a survey of gasoline retailers by the US Energy Information Administration.
Q: How is this trend used in economic policy?
A: The gas price trend is closely monitored by the Federal Reserve, government agencies, and analysts to assess the state of the consumer economy and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is published weekly with a short lag, providing timely insights into energy market dynamics.
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Citation
U.S. Federal Reserve, US Premium All Formulations Gas Price (GASPRMW), retrieved from FRED.