PADD I (East Coast District) Regular Reformulated Gas Price
Annual
GASREGREFECA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.24
Year-over-Year Change
-11.37%
Date Range
1/1/1995 - 1/1/2024
Summary
The 'Annual' trend measures the average price of regular-grade gasoline in the United States over the course of a year. This metric is closely watched by economists and policymakers as an indicator of consumer spending and inflation.
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 'Annual' trend represents the annual average price of regular gasoline in the United States. This data point is used to assess broader price trends, household purchasing power, and the overall state of the economy.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of gasoline retailers.
Historical Context
Gasoline prices have significant macroeconomic implications and are closely monitored by the Federal Reserve and other institutions.
Key Facts
- The annual average gasoline price in the U.S. was $3.60 in 2022.
- Gasoline is a major household expense, accounting for over 4% of consumer spending.
- Annual gasoline prices have a significant impact on the Consumer Price Index (CPI).
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the average price of regular-grade gasoline in the United States over the course of a year.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a crucial economic indicator, as they impact consumer spending, inflation, and overall macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Energy Information Administration through surveys of gasoline retailers.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely monitored by the Federal Reserve and other institutions to assess inflationary pressures and make informed policy decisions.
Q: Are there update delays or limitations?
A: The annual average data is published with a relatively short delay, but may not capture intra-year volatility in gasoline prices.
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Citation
U.S. Federal Reserve, Annual (GASREGREFECA), retrieved from FRED.