PADD V (West Coast District) Regular All Formulations Gas Price
This dataset tracks padd v (west coast district) regular all formulations gas price over time.
Latest Value
4.18
Year-over-Year Change
6.41%
Date Range
1/1/1993 - 1/1/2024
Summary
The 'PADD V (West Coast District) Regular All Formulations Gas Price' measures the average retail price of regular grade gasoline sold on the U.S. West Coast. This metric is a key indicator of regional fuel costs and consumer purchasing power.
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 data series tracks the average price per gallon of regular gasoline across the West Coast states, including California, Oregon, Washington, and others. It is an important benchmark for monitoring energy inflation, consumer spending, and transportation costs in a major U.S. economic region.
Methodology
The data is collected through surveys of gasoline retailers by the U.S. Energy Information Administration.
Historical Context
Policymakers and market analysts use this series to assess the economic and inflationary impacts of fluctuating fuel prices in the West Coast market.
Key Facts
- California accounts for over 60% of West Coast gasoline demand.
- Prices can vary significantly between urban and rural areas of the region.
- The West Coast typically has the highest gas prices in the contiguous U.S.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the average retail price of regular grade gasoline sold across the U.S. West Coast region, also known as PADD V.
Q: Why is this trend relevant for users or analysts?
A: West Coast gasoline prices are a key indicator of energy costs, consumer purchasing power, and transportation expenses in a major U.S. economic region.
Q: How is this data collected or calculated?
A: The data is collected through surveys of gasoline retailers by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this series to assess the economic and inflationary impacts of fluctuating fuel prices in the West Coast market.
Q: Are there update delays or limitations?
A: The data is published weekly with minimal delays, providing timely insights into West Coast fuel cost trends.
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Citation
U.S. Federal Reserve, PADD V (West Coast District) Regular All Formulations Gas Price (GASREGWCA), retrieved from FRED.