Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the West North Central Census Division
APU02407471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.05
Year-over-Year Change
-7.16%
Date Range
1/1/2018 - 6/1/2025
Summary
This economic trend measures the average price of gasoline in the West North Central Census Division, which encompasses seven Midwestern states. It provides important insights into regional fuel costs and consumer spending.
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 Average Price: Gasoline, All Types metric tracks the average retail price per gallon of gasoline in the West North Central region, a key indicator of regional energy and transportation costs. This data is widely used by economists, policymakers, and analysts to understand consumer behavior and the broader economic impacts of fuel price fluctuations.
Methodology
The data is collected through surveys of retail gasoline stations by the U.S. Energy Information Administration.
Historical Context
This trend is closely monitored by policymakers and market participants to assess the state of the regional economy and consumer purchasing power.
Key Facts
- The West North Central region includes Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota.
- Gasoline prices can significantly impact consumer budgets and influence broader economic trends like inflation.
- This metric is reported on a weekly basis by the U.S. Energy Information Administration.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per gallon of gasoline in the West North Central Census Division, which encompasses seven Midwestern states.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of regional energy and transportation costs, providing important insights into consumer behavior and the broader economic impacts of fuel price fluctuations.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail gasoline stations by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and market participants to assess the state of the regional economy and consumer purchasing power.
Q: Are there update delays or limitations?
A: This metric is reported on a weekly basis by the U.S. Energy Information Administration, with minimal update delays.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the West North Central Census Division (APU02407471A), retrieved from FRED.