PADD II (Midwest District) Regular Conventional Gas Price
GASREGCOVMWW • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
2.22%
Date Range
6/12/2006 - 8/4/2025
Summary
The 'PADD II (Midwest District) Regular Conventional Gas Price' tracks the average price per gallon of regular conventional gasoline in the Midwest region of the United States. This metric is a key indicator of energy costs for consumers and businesses.
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 series measures the retail price of regular conventional gasoline in the Midwest (PADD II) region of the U.S. It is used by policymakers, analysts, and the public to understand regional fuel price trends and their economic impacts.
Methodology
The data is collected and reported by the U.S. Energy Information Administration (EIA) based on surveys of fuel retailers.
Historical Context
Gasoline prices are a leading indicator of household and business spending and can influence policy decisions.
Key Facts
- Midwest gasoline prices averaged $3.47 per gallon in 2022.
- Prices peaked at $4.17 per gallon in June 2022.
- Gasoline is a major household and business expense.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average retail price per gallon of regular conventional gasoline sold in the Midwest (PADD II) region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Gasoline prices are a key indicator of energy costs for consumers and businesses, influencing household budgets, transportation expenses, and broader economic activity.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Energy Information Administration (EIA) based on surveys of fuel retailers.
Q: How is this trend used in economic policy?
A: Gasoline prices are closely monitored by policymakers, economists, and analysts as a leading indicator of inflation, consumer spending, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published weekly by the EIA with a short lag, providing timely insights into regional fuel price trends.
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Citation
U.S. Energy Information Administration, PADD II (Midwest District) Regular Conventional Gas Price (GASREGCOVMWW), retrieved from FRED.