Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Size Class B/C
APUN2007471A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.11
Year-over-Year Change
-9.45%
Date Range
1/1/1998 - 6/1/2025
Summary
This economic trend measures the average price of gasoline, including all types, in the Midwest Census Region for size class B/C vehicles. It is a key indicator of consumer energy costs and market conditions.
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 trend provides data on the average cost per gallon of gasoline in the Midwest region, which is an important reference for policymakers, analysts, and consumers monitoring energy markets and household expenses.
Methodology
This data is collected through surveys of gasoline retailers in the Midwest region.
Historical Context
Gasoline prices are closely watched by economists and policymakers for their impact on consumer spending, inflation, and transportation costs.
Key Facts
- The Midwest region includes 12 states in the central U.S.
- Size class B/C vehicles are small and mid-size passenger cars.
- Gasoline accounts for a significant portion of household budgets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price of gasoline, including all types, in the Midwest Census Region for size class B/C vehicles.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of consumer energy costs and market conditions, making this trend important for policymakers, analysts, and consumers.
Q: How is this data collected or calculated?
A: This data is collected through surveys of gasoline retailers in the Midwest region.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely watched by economists and policymakers for their impact on consumer spending, inflation, and transportation costs.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in reporting due to the survey-based collection method.
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Citation
U.S. Federal Reserve, Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in the Midwest Census Region - Size Class B/C (APUN2007471A), retrieved from FRED.