PADD III (Gulf Coast District) Regular Reformulated Gas Price
Annual
GASREGREFGCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.87
Year-over-Year Change
-16.01%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual trend measures the average price of regular-grade gasoline at retail stations in the United States. As a key economic indicator, it provides insights into 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
This annual price series tracks the average retail price per gallon of regular gasoline across the country. It is a widely followed metric for understanding consumer behavior, transportation costs, and broader inflationary pressures in the economy.
Methodology
The data is collected through a survey of retail gasoline stations and calculated as an annual average price.
Historical Context
Policymakers, economists, and market analysts closely monitor this trend to assess consumer demand, energy costs, and macroeconomic conditions.
Key Facts
- The annual average retail price of regular gasoline hit a record high in 2022.
- Gasoline prices can significantly impact consumer spending and business costs.
- Changes in the annual gasoline price trend are closely watched as an inflation indicator.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the average retail price per gallon of regular-grade gasoline across the United States on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: As a key indicator of consumer costs and inflationary pressures, the annual gasoline price trend is closely monitored by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected through a survey of retail gasoline stations and calculated as an annual average price.
Q: How is this trend used in economic policy?
A: Changes in the annual gasoline price trend are used by policymakers, central banks, and analysts to assess consumer demand, transportation costs, and broader inflationary conditions in the economy.
Q: Are there update delays or limitations?
A: The annual gasoline price data is subject to some lag, as it is calculated as a yearly average from monthly survey data.
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Citation
U.S. Federal Reserve, Annual (GASREGREFGCA), retrieved from FRED.