The global fuel energy price index stood at 157.89 index points in September 2025, up from 100 in the base year 2016. Figures decreased that month due to a fall in natural gas prices. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Tariffs bring economic uncertainty With the global economy having adjusted to the effects of the Russia-Ukraine war, new uncertainty has emerged due to tariffs imposed by the Trump administration. If these tariffs are fully implemented, global trade could be significantly disrupted, mainly the bilateral trade between the world’s two largest economies. In 2025, import tariffs between China and the United States exceeded 130 percent on both sides, while their tariffs on imports from the rest of the world were around 10 percent. U.S. tariffs on Chinese imported goods reached a high of 134.7 percent in April of that year, while China imposed a 147.6 percent tariff on U.S. goods. Early estimates indicate that the impact of Trump’s proposed tariffs on the U.S. economy could amount to 0.4 percent of GDP, mainly driven by the reduced trade with Mexico, Canada and China.

Gasoline fell to 1.86 USD/Gal on December 2, 2025, down 0.53% from the previous day. Over the past month, Gasoline's price has fallen 2.79%, and is down 4.95% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on December of 2025.

Countries in Europe have some of the highest natural gas prices for the industry in the world. In the first quarter of 2025, industrial customers in Switzerland paid approximately 0.17 U.S. dollars per kilowatt hour worth of natural gas. This was considerably higher than the price of gas in natural gas producing countries such as Russia. Determining natural gas prices Like other commodities, natural gas prices are driven by supply and demand trends. In some instances, they may also reflect developments within the oil market, as both commodities are often produced together. Natural gas prices are volatile. Seeing as the consumption of natural gas is often without alternative (e.g. within power plants), short-term changes to supply and demand have huge repercussions for the market. Weather is also a common determinant of natural gas prices. Unprecedented heat waves in the U.S. have driven up electricity demand for air conditioning and affected weekly Henry Hub natural gas prices in the hotter summer months. Natural gas demand Primary energy demand generated by natural gas worldwide is highest in North America. Nevertheless, forecasts suggest that the Asia Pacific region will experience a doubling in such demand by 2050 and overtake consumers in North America. The United States is still leading a ranking of world natural gas consumption by country. However, China has increased its LNG and gas pipeline investment portfolio, which could see it becoming an even greater consumer in the future.

The global natural gas price index stood at 174.31 index points in September 2025. Natural gas prices decreased that month as cooling demand fell due to colder weather than expected. The global price index takes into account indices from Europe, Japan, and the United States – some of the largest natural gas trading markets. The U.S. is the leading natural gas exporter in the world. Means of trading natural gas Liquefied natural gas (LNG) is the most common form of trading natural gas. Although piped gas is often the preferred choice for transportation between neighboring producing and consuming countries, seaborne trade as LNG has grown in market volume. This is in part thanks to high consumption in pipeline-inaccessible areas such as Japan, Korea, and China, as well as the recent increase in LNG trade by European countries. Major natural gas price benchmarks The natural gas prices often used as global benchmarks are Europe’s Dutch TTF traded on the Intercontinental Exchange, Indonesian LNG in Japan, and the U.S. Henry Hub traded on the New York Mercantile Exchange. 2022 was an especially volatile year for natural gas prices, as supply was severely constrained following sanctions on Russian imports. Other reasons for recent spikes in gas prices are related to issues at refineries, changes in demand, and problems along seaborne supply routes.

Natural gas rose to 4.94 USD/MMBtu on December 3, 2025, up 2.04% from the previous day. Over the past month, Natural gas's price has risen 13.71%, and is up 62.29% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on December of 2025.

Hong Kong had the highest prices for premium gasoline (95-RON) on August 4, 2025. That day, prices averaged 3.58 U.S. dollars per liter, which was notably more than in any other country. While oil-rich countries enjoy some of the lowest gasoline prices, drivers in big car markets such as Europe pay around two U.S. dollars per liter.

View weekly updates and historical trends for US Retail Gas Price. from United States. Source: Energy Information Administration. Track economic data with…

This dataset provides values for GASOLINE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

United States Natural Gas Price: EIA: Industrial data was reported at 3.750 USD/1000 Cub ft in Sep 2018. This records an increase from the previous number of 3.670 USD/1000 Cub ft for Aug 2018. United States Natural Gas Price: EIA: Industrial data is updated monthly, averaging 3.800 USD/1000 Cub ft from Jan 1984 (Median) to Sep 2018, with 417 observations. The data reached an all-time high of 13.060 USD/1000 Cub ft in Jul 2008 and a record low of 2.230 USD/1000 Cub ft in Jul 1991. United States Natural Gas Price: EIA: Industrial data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P002: Energy Price.

The average price for regular gasoline in the United States stood at **** U.S. dollars per gallon on October 27, 2025. This compared to a diesel price of **** U.S. dollars per gallon. Prices for gasoline and diesel remained stable that week. Real price surge of 2022 and 2023 still below 2011 to 2014 prices When looking at the real price of gasoline over time, U.S. drivers had to pay notably more in the years between 2011 and 2014. The surge in prices noted throughout 2022 and partly for 2023, which followed supply constraints, was still lower in terms of real U.S. dollars. U.S. on the lower-end spectrum of worldwide motor fuel prices The U.S. has some of the lowest conventional motor fuel prices in the world. Although fuel prices are usually higher in high-income countries, the U.S. profits from its position as the world’s largest crude oil producer and can keep retail prices for oil products comparatively low. For example, among high-income countries, prices for automotive premium gasoline (RON 95) were only lower in Russia and Saudi Arabia - countries where crude oil and oil product exports are in part restricted by sanctions, thus keeping domestic supply high.

This dataset provides values for GASOLINE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

United States CSI: Expected Gasoline Prices: Next Yr: Median data was reported at 9.600 % in May 2018. This records an increase from the previous number of 0.500 % for Apr 2018. United States CSI: Expected Gasoline Prices: Next Yr: Median data is updated monthly, averaging 4.600 % from Apr 1982 (Median) to May 2018, with 246 observations. The data reached an all-time high of 49.600 % in Jun 2008 and a record low of -0.400 % in Feb 1986. United States CSI: Expected Gasoline Prices: Next Yr: Median data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H034: Consumer Sentiment Index: Vehicle Buying Conditions. The question was: Now thinking only about the next twelve months, do you think that the price of gasoline will go up during the next twelve months, will gasoline prices go down, or will they stay about the same as they are now? About how many cents per gallon do you think gasoline prices will (increase/decrease) during the next twelve months compared to now?

ES: Natural Gas Price: HC: Between 20 & 199 GJ: incl All Taxes & Levies data was reported at 0.090 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.086 EUR/kWh for Jun 2024. ES: Natural Gas Price: HC: Between 20 & 199 GJ: incl All Taxes & Levies data is updated semiannually, averaging 0.074 EUR/kWh from Dec 2007 (Median) to Dec 2024, with 35 observations. The data reached an all-time high of 0.157 EUR/kWh in Dec 2022 and a record low of 0.053 EUR/kWh in Jun 2010. ES: Natural Gas Price: HC: Between 20 & 199 GJ: incl All Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Spain – Table ES.Eurostat: Natural Gas Price: Household Consumers.

TTF Gas fell to 27.92 EUR/MWh on December 3, 2025, down 0.17% from the previous day. Over the past month, TTF Gas's price has fallen 14.22%, and is down 40.94% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas - values, historical data, forecasts and news - updated on December of 2025.

View monthly updates and historical trends for European Union Natural Gas Import Price. Source: World Bank. Track economic data with YCharts analytics.

At 3.82 U.S. dollars per gallon in October 2022, regular all formulation retail gasoline prices in the United States were considerably lower than in Hong Kong or the Central African Republic, which reported the highest gasoline prices in the world at the end of October 2022. Norway also ranked high this year. Its high gasoline prices might be one of the reasons why the country is leading the charge towards electric mobility. Gas prices in selected countries worldwide Fuel prices in different countries range from a few cents to almost two U.S. dollars per liter. Gasoline is often regarded as a key driver of a country’s economy, as it is the main fuel used in passenger vehicles and the automotive fleets of small and large businesses. The United States is one of the biggest consumers of gasoline on a per capita basis, with approximately 356 gallons of gasoline per person in 2020. Fuel prices respond to crude oil price changes One of the liquid’s main ingredients is crude oil. The spot prices of publicly traded crudes, such as U.S.-sourced WTI (West Texas Intermediate), UK Brent, and the OPEC basket grades, are highly volatile and have proven prone to inflation as of late, most recently due to the novel coronavirus outbreak in China, blockages in the Suez Canal, and the Russian invasion of Ukraine. Where access to oil is limited, this volatility may spur a shift towards alternative propulsion systems and fuels among a growing number of vehicle drivers. Affordability of fuel Gas prices in Europe are counted among the highest worldwide. At 7.6 U.S. dollars per gallon or more, gasoline is particularly expensive in Iceland, Norway, Denmark, Greece, Finland, and the Netherlands. Car drivers in Mozambique and Madagascar feel the most pain at the pump. Some 145.7 percent of a month's wages are needed to fill up a tank in Mozambique. The low affordability of fuel is due to weak currencies, limited wage growth, and a level of prosperity that is yet to meet other markets' standards. The high price in countries such as the Netherlands and Norway is largely attributable to taxes. Other factors driving gas prices include local demand, processing and distribution costs, and the aforementioned level of crude oil prices.

Trinidad and Tobago TT: Pump Price for Gasoline: USD per Liter data was reported at 0.540 USD in 2016. This records an increase from the previous number of 0.360 USD for 2008. Trinidad and Tobago TT: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 0.390 USD from Dec 1998 (Median) to 2016, with 7 observations. The data reached an all-time high of 0.540 USD in 2016 and a record low of 0.350 USD in 2004. Trinidad and Tobago TT: Pump Price for Gasoline: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

UK Gas fell to 72.60 GBp/thm on December 2, 2025, down 1.67% from the previous day. Over the past month, UK Gas's price has fallen 11.75%, and is down 40.33% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on December of 2025.

Snapshot img

Compressed Natural Gas (CNG) Market Size 2025-2029

The compressed natural gas (cng) market size is valued to increase by USD 32.28 billion, at a CAGR of 9% from 2024 to 2029. Increase in number of CNG-powered vehicles will drive the compressed natural gas (cng) market.

Market Insights

APAC dominated the market and accounted for a 52% growth during the 2025-2029.
By Application - LDV segment was valued at USD 32.11 billion in 2023
By Source - Non associated gas segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 90.25 billion 
Market Future Opportunities 2024: USD 32280.00 billion
CAGR from 2024 to 2029 : 9%

Market Summary

Compressed Natural Gas (CNG) is an alternative fuel derived from the natural gas industry, characterized by its high energy content and environmental benefits. The global CNG market is driven by several factors, including the increasing number of CNG-powered vehicles and the expansion of CNG refueling infrastructure. The supply of natural gas, a primary feedstock for CNG, is another significant factor influencing market growth. Fluctuation in global oil and gas prices plays a crucial role in the adoption of CNG as a transportation fuel. As oil prices rise, the cost competitiveness of CNG increases, making it an attractive alternative for commercial and industrial fleets.
For instance, a logistics company may opt for CNG to power its delivery trucks to optimize its fuel costs and reduce operational expenses. Despite the numerous advantages, the CNG market faces challenges, such as limited refueling infrastructure in certain regions and the high upfront cost of CNG vehicles and infrastructure. To mitigate these challenges, governments and private entities are investing in the development of CNG infrastructure and incentives for CNG vehicle adoption. In summary, the CNG market is witnessing steady growth due to the increasing number of CNG-powered vehicles, expanding refueling infrastructure, and favorable economic conditions.
Companies across various industries, including transportation and logistics, are exploring the use of CNG to improve their operational efficiency and reduce their carbon footprint.

What will be the size of the Compressed Natural Gas (CNG) Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

Compressed Natural Gas (CNG) is an increasingly popular sustainable fuel option for transportation, with its market exhibiting continuous evolution. Renewable gas integration is a significant trend in the CNG sector, as companies seek to reduce their carbon footprint and comply with stringent environmental regulations. For instance, pipeline network expansion enables the integration of biomethane, a renewable gas derived from agricultural waste, into the CNG supply chain. Fuel consumption patterns indicate that CNG offers cost-effectiveness advantages over traditional diesel and gasoline. According to data from the US Department of Energy, the average price of CNG is approximately 50% lower than that of gasoline and 30% lower than diesel.
This cost savings can significantly impact budgeting and product strategy decisions for businesses operating large fleets. Moreover, advancements in fuel dispensing technologies, such as high-pressure CNG compressors and fast-fill stations, enhance operational efficiency improvements. Gas quality monitoring systems ensure consistent fuel quality, while economic feasibility studies and emission reduction targets guide infrastructure development. Safety management systems and regulatory compliance frameworks are essential components of the CNG market, as they ensure network reliability assessment and engine performance metrics meet industry standards. Additionally, hydrogen blending in CNG can improve fuel infrastructure development and energy security implications, making it a promising area for future research.
In conclusion, the CNG market's dynamic nature offers numerous opportunities for businesses to adapt and innovate, from vehicle refueling infrastructure and engine performance to fuel infrastructure development and environmental impact assessment.

Unpacking the Compressed Natural Gas (CNG) Market Landscape

The compressed natural gas (CNG) market is evolving as stakeholders focus on infrastructure expansion, vehicle performance, and environmental sustainability. CNG pipeline network expansion plans and CNG infrastructure development strategies are essential for supporting increased adoption, while optimizing CNG refueling station layout and implementing safety features CNG fueling stations ensure operational efficiency and user safety. Maintenance schedules CNG vehicles, CNG vehicle engine performance metrics, and CNG vehicle fuel efficiency improvements contribute to maximizing vehicle reliability and reducing operational costs. Comparing CNG

This statistic shows the change in the price of gasoline per liter in selected countries for the period between June 2019 and June 2020. The price changes concern unleaded premium (95 RON) for France, Germany, Italy, Spain, and the United Kingdom, and regular unleaded for Canada, Japan, and the United States (AKI 87). RON stands for Research Octane Number, while AKI means Anti-Knock Index. Both represent the most common octane rating in the countries shown. In June 2020, the gasoline price per liter in the U.S. was 23.4 percent lower than it was in June 2019.

Influences on gasoline prices

The price of gasoline is a frequently discussed issue, and is a part of almost everybody’s life in developed countries. Gasoline prices worldwide are dependent of a number of factors: crude oil prices, costs for processing and distribution, demand, strength of currencies, taxation, and availability. The most influential factor is the crude oil price. This price includes the costs for exploration, extraction, and transport. What the consumer pays in the end is also an issue of national oil pricing policy. Typical regions with high taxes on gasoline are European countries and Japan. Other countries keep consumer prices low by subsidizing the costs for gasoline. Among latter countries are the United States, Saudi Arabia, Iran, Venezuela, Egypt, Malaysia, Bolivia, and others. There are many other factors, however, which directly influence the price of gasoline. Wars, crises, and natural disasters in oil producing regions, for example, can obstruct the production and transportation, and thus cause higher crude oil prices. Last but not least, the end-consumer defines the price through his or her demand. A higher number of people driving cars means higher prices for gasoline, which is often the case in the summer months or holiday seasons.