PADD III (Gulf Coast District) Regular All Formulations Gas Price
GASREGGCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.89
Year-over-Year Change
-15.52%
Date Range
1/1/1993 - 1/1/2024
Summary
The PADD III (Gulf Coast District) Regular All Formulations Gas Price measures the average retail price of regular gasoline across the Gulf Coast region of the United States. This key economic indicator provides insights into consumer spending and energy market dynamics.
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 All Formulations Gas Price tracks the average price paid by consumers for regular gasoline in the Gulf Coast District, one of the five Petroleum Administration for Defense Districts (PADDs) in the U.S. This data is used by economists and policymakers to analyze trends in consumer behavior, transportation costs, and the overall health of the energy sector.
Methodology
The data is collected through surveys of fuel retailers by the U.S. Energy Information Administration.
Historical Context
This price index is closely monitored by government agencies, businesses, and consumers to understand the impact of fuel costs on the broader economy.
Key Facts
- The Gulf Coast region accounts for over 50% of U.S. refining capacity.
- Gasoline prices in the Gulf Coast are typically lower than the national average.
- Fluctuations in PADD III gas prices can significantly impact household budgets and business costs.
FAQs
Q: What does this economic trend measure?
A: The PADD III (Gulf Coast District) Regular All Formulations Gas Price measures the average retail price of regular gasoline across the Gulf Coast region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insights into consumer spending and energy market dynamics, making it highly relevant for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of fuel retailers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This price index is closely monitored by government agencies, businesses, and consumers to understand the impact of fuel costs on the broader economy.
Q: Are there update delays or limitations?
A: The data is published weekly by the U.S. Energy Information Administration, with minimal update delays.
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Citation
U.S. Federal Reserve, PADD III (Gulf Coast District) Regular All Formulations Gas Price (GASREGGCA), retrieved from FRED.