Monthly
This dataset tracks monthly over time.
Latest Value
3.36
Year-over-Year Change
-6.62%
Date Range
12/1/1994 - 8/1/2025
Summary
The 'Regular Gasoline Retail Prices' trend tracks the average price of regular-grade gasoline sold at retail outlets across the United States. This key economic indicator provides insights into consumer spending and inflation 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 Regular Gasoline Retail Prices series measures the average national price per gallon that consumers pay for regular-grade gasoline at the pump. It serves as an important barometer of household budgets and transportation costs, which are significant components of the broader Consumer Price Index.
Methodology
The data is collected by the U.S. Energy Information Administration through surveys of gasoline retailers nationwide.
Historical Context
Fluctuations in gasoline prices can significantly impact consumer confidence, discretionary spending, and the overall health of the economy.
Key Facts
- Gasoline is a major household expense, accounting for about 3.5% of total consumer expenditures.
- Retail gasoline prices reached a record high of $4.71 per gallon in June 2022.
- Prices for regular gasoline have fluctuated widely in recent years due to global supply and demand dynamics.
FAQs
Q: What does this economic trend measure?
A: The Regular Gasoline Retail Prices trend tracks the average nationwide price that consumers pay per gallon of regular-grade gasoline at retail fuel stations.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key input to consumer spending and inflation, making this trend important for understanding household budgets, transportation costs, and the broader state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers conducted by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor gasoline prices to assess consumer confidence, inflationary pressures, and the effectiveness of policies aimed at stabilizing energy markets.
Q: Are there update delays or limitations?
A: The Regular Gasoline Retail Prices data is published weekly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Regular Gasoline Retail Prices (GASREGREFM), retrieved from FRED.