US Premium Reformulated Gas Price
Annual
GASPRMREFA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.42
Year-over-Year Change
9.96%
Date Range
1/1/1995 - 1/1/2024
Summary
The Annual trend measures the average price of regular gasoline in the United States. It is a key indicator for consumers, policymakers, and analysts tracking energy costs 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
The Annual trend represents the yearly average retail price of regular gasoline across the United States. It is a widely-cited metric for monitoring fuel prices and their impact on the broader economy.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration through surveys of fuel retailers.
Historical Context
Gasoline prices are a major input for consumer spending, transportation, and business costs, making this trend crucial for economic analysis and policy decisions.
Key Facts
- The 2022 annual average price was $3.80 per gallon.
- Gasoline is the most widely-consumed transportation fuel in the U.S.
- Prices can significantly impact consumer budgets and business costs.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the yearly average retail price of regular gasoline across the United States.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key driver of consumer spending, transportation costs, and broader economic conditions, making this trend crucial for analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration through surveys of fuel retailers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor energy costs, inflation, and consumer spending patterns, informing decisions on fiscal, monetary, and energy policies.
Q: Are there update delays or limitations?
A: The Annual data is released with a short lag, typically a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Annual (GASPRMREFA), retrieved from FRED.