PADD V (West Coast District) Premium All Formulations Gas Price
Monthly
GASPRMWCM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.66
Year-over-Year Change
-0.06%
Date Range
12/1/1994 - 8/1/2025
Summary
The 'Monthly' trend measures the average cost of regular-grade gasoline per gallon in the United States. This metric is a key indicator of consumer energy costs and a crucial factor in assessing 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 'Monthly' trend represents the average retail price of regular-grade gasoline across the country, based on surveys of thousands of filling stations. It serves as a benchmark for tracking changes in consumer fuel expenditures and helps analysts and policymakers understand the impact of energy prices on household budgets and the broader economy.
Methodology
The data is collected through a nationwide survey of gas stations conducted by the U.S. Energy Information Administration.
Historical Context
Gasoline prices are closely monitored by the Federal Reserve and other institutions to gauge inflationary pressures and consumer spending patterns.
Key Facts
- The average U.S. gasoline price reached a record high of $4.70 per gallon in June 2022.
- Gasoline prices account for a significant portion of household budgets, especially for low-income families.
- Fluctuations in gasoline prices can influence consumer confidence and spending patterns across the economy.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the average retail price of regular-grade gasoline per gallon across the United States.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a crucial indicator of consumer energy costs and can have significant impacts on household budgets, consumer confidence, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of gas stations conducted 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 institutions to gauge inflationary pressures and consumer spending patterns, which inform policy decisions.
Q: Are there update delays or limitations?
A: The 'Monthly' trend data is published with a short delay, typically a few weeks after the end of each month.
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Citation
U.S. Federal Reserve, Monthly (GASPRMWCM), retrieved from FRED.