US Regular Conventional Gas Price
This dataset tracks us regular conventional gas price over time.
Latest Value
3.02
Year-over-Year Change
-10.66%
Date Range
9/1/1990 - 7/1/2025
Summary
The US Regular Conventional Gas Price tracks the average retail price of regular-grade conventional gasoline across the United States. This metric is a key indicator of consumer energy costs and a key 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 US Regular Conventional Gas Price reports the average price per gallon that consumers pay for regular-grade gasoline that does not contain ethanol. It is a critical benchmark for understanding household and business energy expenditures, as well as broader inflationary pressures.
Methodology
The data is collected through surveys of gas stations by the US Energy Information Administration.
Historical Context
Policymakers and analysts use this metric to assess the impact of gas prices on consumer spending, business costs, and overall economic conditions.
Key Facts
- The US regular gas price reached a record high of $4.71 per gallon in June 2022.
- Gas prices can have a significant impact on consumer sentiment and spending.
- Fluctuations in gas prices are closely watched by the Federal Reserve for their effect on inflation.
FAQs
Q: What does this economic trend measure?
A: The US Regular Conventional Gas Price tracks the average retail price that consumers pay for regular-grade gasoline without ethanol across the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of consumer energy costs and inflationary pressures, making it highly relevant for policymakers, economists, and the general public.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gas stations by the US Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the impact of gas prices on consumer spending, business costs, and overall economic conditions.
Q: Are there update delays or limitations?
A: The US Regular Conventional Gas Price data is published weekly with minimal delays, providing timely information on this important economic indicator.
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Citation
U.S. Federal Reserve, US Regular Conventional Gas Price (GASREGCOVM), retrieved from FRED.