PADD III (Gulf Coast District) Regular Conventional Gas Price
GASREGCOVGCW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.73
Year-over-Year Change
1.45%
Date Range
6/12/2006 - 8/4/2025
Summary
The PADD III (Gulf Coast District) Regular Conventional Gas Price tracks the average retail price of regular conventional gasoline in the Gulf Coast region of the United States. This metric is closely monitored by policymakers and analysts to assess fuel price trends and their economic impact.
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 PADD III Regular Conventional Gas Price represents the price consumers pay at the pump for regular gasoline in the Gulf Coast region, which encompasses Texas, Louisiana, Mississippi, Alabama, and Florida. This data series is a key indicator of regional fuel market conditions and consumer purchasing power.
Methodology
The U.S. Energy Information Administration collects and publishes this data based on surveys of gasoline retailers in the PADD III region.
Historical Context
Policymakers and market analysts use this metric to evaluate the economic effects of gasoline prices, which impact household budgets and business costs.
Key Facts
- The Gulf Coast region accounts for over 50% of total U.S. refining capacity.
- Gasoline prices in PADD III have historically been lower than the national average.
- Fluctuations in this price metric can significantly impact consumer behavior and business operations.
FAQs
Q: What does this economic trend measure?
A: The PADD III (Gulf Coast District) Regular Conventional Gas Price tracks the average retail price of regular conventional gasoline in the Gulf Coast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers and analysts to assess fuel price trends and their economic impact on consumer spending, business costs, and regional market conditions.
Q: How is this data collected or calculated?
A: The U.S. Energy Information Administration collects and publishes this data based on surveys of gasoline retailers in the PADD III region.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to evaluate the economic effects of gasoline prices, which impact household budgets and business costs.
Q: Are there update delays or limitations?
A: The data is published weekly with minimal delay, providing timely insights into regional fuel market conditions.
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Citation
U.S. Energy Information Administration, PADD III (Gulf Coast District) Regular Conventional Gas Price (GASREGCOVGCW), retrieved from FRED.