US Regular Conventional Gas Price
This dataset tracks us regular conventional gas price over time.
Latest Value
3.04
Year-over-Year Change
1.00%
Date Range
8/20/1990 - 8/25/2025
Summary
The 'US Regular Conventional Gas Price' tracks the average price per gallon of regular conventional gasoline sold in the United States. This metric is a key indicator of consumer fuel costs and a barometer for 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 US Regular Conventional Gas Price represents the national average retail price for regular grade gasoline that meets conventional, non-reformulated specifications. This series is widely used by policymakers, analysts, and the public to monitor energy costs and consumer spending patterns.
Methodology
The data is collected and reported weekly by the US Energy Information Administration.
Historical Context
Gasoline prices have significant impacts on consumer behavior, business costs, and government policies.
Key Facts
- Gasoline is one of the largest household expenditures for US consumers.
- Prices are influenced by global crude oil markets, refining capacity, and distribution logistics.
- Significant swings in gas prices can impact consumer confidence and spending patterns.
FAQs
Q: What does this economic trend measure?
A: The US Regular Conventional Gas Price tracks the average retail price per gallon of regular, non-reformulated gasoline sold in the United States.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key driver of consumer spending and inflation, making this metric crucial for policymakers, economists, and the general public.
Q: How is this data collected or calculated?
A: The data is collected and reported weekly by the US 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 assess consumer behavior, inflation pressures, and the broader economic outlook.
Q: Are there update delays or limitations?
A: The data is released on a weekly basis 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 (GASREGCOVW), retrieved from FRED.