Gasoline fell to 1.83 USD/Gal on October 14, 2025, down 0.98% from the previous day. Over the past month, Gasoline's price has fallen 9.02%, and is down 10.28% 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 October of 2025.

This dataset provides comprehensive and up-to-date information on futures related to oil, gas, and other fuels. Futures are financial contracts obligating the buyer to purchase and the seller to sell a specified amount of a particular fuel at a predetermined price and future date.

Use Cases: 1. Trend Analysis: Scrutinize patterns and price fluctuations to anticipate future market directions in the energy sector. 2. Academic Research: Delve into the historical behavior of oil and gas prices and understand the influence of global events on these commodities. 3. Trading Strategies: Develop and test trading tactics based on the dynamics of oil, gas, and other fuel futures. 4. Risk Management: Utilize the dataset for hedging and risk management for corporations involved in the extraction, refining, or trading of fuels.

Dataset Image Source: Photo by Pixabay: https://www.pexels.com/photo/industrial-machine-during-golden-hour-162568/

Column Descriptions: 1. Date: The date when the data was documented. Format: YYYY-MM-DD. 2. Open: Market's opening price for the day. 3. High: Peak price during the trading window. 4. Low: Lowest traded price during the day. 5. Close: Price at which the market closed. 6. Volume: Number of contracts exchanged during the trading period. 7. Ticker: The unique market quotation symbol for the future. 8. Commodity: Specifies the type of fuel the future contract pertains to (e.g., crude oil, natural gas).

The global fuel energy price index stood at 158.38 index points in August 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.

Oil futures gas prices refer to the price of gasoline in the future, as determined by the futures market. Factors such as supply and demand dynamics, geopolitical events, macroeconomic trends, and market sentiment can cause significant fluctuations in oil futures gas prices.

Natural gas fell to 3.04 USD/MMBtu on October 14, 2025, down 2.11% from the previous day. Over the past month, Natural gas's price has fallen 0.24%, but it is still 21.52% higher than a year ago, 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 October of 2025.

On October 6, 2025, the Brent crude oil price stood at 65.55 U.S. dollars per barrel, compared to 61.69 U.S. dollars for WTI oil and 66.26 U.S. dollars for the OPEC basket. Oil prices rose slightly that week.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for global oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (where a contract is agreed upon while product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

Heating Oil fell to 2.20 USD/Gal on October 14, 2025, down 2.14% from the previous day. Over the past month, Heating Oil's price has fallen 5.56%, but it is still 0.28% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Heating oil - values, historical data, forecasts and news - updated on October of 2025.

Crude Oil fell to 58.47 USD/Bbl on October 14, 2025, down 1.83% from the previous day. Over the past month, Crude Oil's price has fallen 7.63%, and is down 17.16% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on October of 2025.

China Settlement Price: Shanghai Future Exchange: Fuel Oil: 2nd Month data was reported at 3,019.000 RMB/Ton in Apr 2025. This records a decrease from the previous number of 3,202.000 RMB/Ton for Mar 2025. China Settlement Price: Shanghai Future Exchange: Fuel Oil: 2nd Month data is updated monthly, averaging 3,326.000 RMB/Ton from Aug 2004 (Median) to Apr 2025, with 249 observations. The data reached an all-time high of 5,593.000 RMB/Ton in Apr 2013 and a record low of 1,224.000 RMB/Ton in Apr 2020. China Settlement Price: Shanghai Future Exchange: Fuel Oil: 2nd Month data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Settlement Price.

This dataset contains synthetically generated monthly fuel price data for Sri Lanka from January 2010 to August 2025, covering five major fuel types:

• Petrol 92
• Petrol 95
• Diesel Auto
• Diesel Super
• Kerosene

Prices are not real — they are created using a statistical simulation model that incorporates realistic market behaviors and macroeconomic effects such as:

• Global oil price fluctuations
• Exchange rate changes
• Policy revisions and tax adjustments
• Seasonal demand shifts
• Crisis-related volatility (e.g., synthetic 2020 pandemic dip, 2022 FX/debt crisis spike)

The dataset is designed for educational, research, and data science practice purposes — ideal for time-series forecasting, trend visualization, and policy simulation exercises.

How to Use

You can use this dataset for:

• ⛽ Time-Series Forecasting – Build ARIMA, Prophet, LSTM, or XGBoost models to predict future fuel prices.
• 📈 Policy Impact Analysis – Simulate how events affect fuel prices.
• 📊 Data Visualization – Create dashboards showing trends by fuel type.
• 🧪 Feature Engineering – Generate lag features, moving averages, seasonal indicators, and volatility measures.
• 🔍 Categorical Analysis – Study correlations between change_reason and price changes.

Note: Missing values are included in certain months for some fuel types to simulate real-world data gaps. This allows testing of imputation and data cleaning techniques.

Data Dictionary

Example Uses

• Forecast price_lkr_per_litre using historical patterns.
• Compare volatility between fuel types.
• Visualize the synthetic 2022 “crisis spike” and its recovery trend.
• Apply missing value imputation methods for price gaps.

Important Notes

• This dataset is entirely synthetic — it is not sourced from CEYPETCO, Lanka IOC, or any real provider.
• It is intended only for learning and research purposes.
• Missing values are intentional to mimic incomplete real-world datasets.
• Price patterns are designed to be realistic but do not reflect real historical prices.

💬 Feel free to discuss anything related to this dataset in the comments — suggestions, ideas, or ways to improve it are welcome!

China Turnover: Value: Shanghai Future Exchange: Fuel Oil data was reported at 616,101.150 RMB mn in Apr 2025. This records an increase from the previous number of 515,718.033 RMB mn for Mar 2025. China Turnover: Value: Shanghai Future Exchange: Fuel Oil data is updated monthly, averaging 65,289.504 RMB mn from Aug 2004 (Median) to Apr 2025, with 249 observations. The data reached an all-time high of 1,102,251.221 RMB mn in Apr 2020 and a record low of 0.000 RMB mn in Jun 2018. China Turnover: Value: Shanghai Future Exchange: Fuel Oil data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Turnover.

The global retail fuel market is a dynamic sector experiencing significant growth, driven by increasing urbanization, rising vehicle ownership, and expanding industrial and commercial activities. While precise market size figures are unavailable, based on industry trends and comparable markets, we can estimate the 2025 market value at approximately $1.5 trillion USD. This substantial market is expected to exhibit a Compound Annual Growth Rate (CAGR) of around 4% from 2025 to 2033, reaching an estimated value of $2.2 trillion USD by 2033. This growth is fueled by factors such as the increasing demand for transportation fuels in developing economies, the expansion of the aviation industry, and the growing use of fuel in power generation and industrial processes. However, the market faces constraints, such as fluctuating crude oil prices, governmental regulations on emissions, and the increasing adoption of alternative energy sources like electric vehicles. Segment-wise analysis reveals diverse growth patterns. Natural gas and high-speed diesel are dominant fuel types, driving a significant portion of the market value. Within applications, power generation, industrial uses, and transportation (including aviation and captive power) are key drivers. Geographic distribution shows significant regional variations. North America and Asia Pacific are currently leading markets due to high vehicle ownership and industrialization. However, emerging economies in regions like the Middle East & Africa and South America are exhibiting rapid growth, presenting substantial future opportunities. Key players in the retail fuel market include national oil companies such as Bangladesh Petroleum Corporation and Petrobangla, as well as international giants like Chevron Corporation. These players are constantly adapting to changing market dynamics, investing in infrastructure and exploring new fuel technologies to maintain their competitiveness. The future of the retail fuel market hinges on successful navigation of environmental concerns, strategic infrastructure development, and the management of volatile energy prices.

We use the average of the tax-inclusive prices of No.20 fuel oil in Guangzhou and Shanghai to represent the fuel oil spot price, the fuel oil futures prices traded in Shanghai Futures Exchange to represent the oil futures prices and the CSI 300 energy index to represent the energy stock index. Meanwhile, the weekly data of S&P 150 500 energy index, WTI (the West Texas intermediate) crude oil prices and WTI crude oil futures prices traded in New York Mercantile Exchange are available for comparison. The sample covers the period from August 26, 2004 to January 21, 2016. The sample size is 596. All data are extracted from Wind Database.

This statistic shows the average annual futures contract 1 price for New York Harbor No.2 heating oil between 1990 and 2019. In 2019, the futures contract 1 price for this fuel came to around 1.94 U.S. dollars per gallon.

Snapshot img

US Gasoline Market Size 2023-2027

The US gasoline market size is forecast to decrease by -258 mn L, at a CAGR of -4.18% between 2022 and 2027.

The Gasoline Market in the US is driven by the increasing number of automobiles and the rise in oil and gas production. These factors contribute to the market's growth, as the demand for gasoline continues to escalate. However, the market faces challenges due to the fluctuation in prices of gasoline. This volatility can significantly impact market dynamics, making it essential for companies to navigate these price swings effectively. The oil industry's production levels, geopolitical tensions, and economic conditions are key factors influencing gasoline prices.
To capitalize on market opportunities and mitigate challenges, companies must adopt strategic initiatives such as price differentiation, supply chain optimization, and innovation in fuel efficiency technologies. By staying agile and responsive to market trends and price fluctuations, market participants can effectively position themselves for long-term success in the Gasoline Market.

What will be the size of the US Gasoline Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2017-2021 and forecasts 2023-2027 - in the full report.
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The gasoline market in the US is influenced by various factors, including the composition of gasoline, energy policy impact, fuel additives chemistry, and fuel demand forecasting. The refining process of crude oil plays a significant role in producing high-quality gasoline that meets consumer preferences and regulatory requirements. Gasoline pricing models are shaped by the cost of crude oil, production process, and fuel market analysis. Fuel blending technology and gasoline quality assurance are crucial in optimizing engine performance and reducing emissions. Innovations in engine performance optimization and emissions reduction technologies continue to shape the gasoline industry. Fuel efficiency optimization and fuel policy analysis are essential in assessing the environmental impact of gasoline use.
The future of gasoline involves research into fuel alternatives, such as renewable fuels, and the development of new testing methods for fuel quality assessment. The use of fuel additives and their chemistry plays a vital role in enhancing fuel performance and reducing emissions. The gasoline industry remains dynamic, with ongoing efforts to improve fuel production processes and respond to changing consumer preferences and regulatory requirements.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD mn L' for the period 2023-2027, as well as historical data from 2017-2021 for the following segments.

Type

  Regular
  Premium


End-user

  Transportation
  Power generation
  Others


Geography

  North America

    US

By Type Insights

The regular segment is estimated to witness significant growth during the forecast period.

The US gasoline market is a significant sector within the global energy industry, shaped by various factors including consumer behavior, climate change, and technological advancements. Regular gasoline, a hydrocarbon mixture derived from crude oil, is the most commonly used fuel for standard internal combustion engines. It typically contains around 10% ethanol for octane enhancement, with an octane rating of 87 or 88. Higher-performance engines may require higher-octane fuels to prevent engine damage from knocking or pinging. The petroleum industry's refining process produces regular gasoline, which is distributed through an extensive pipeline infrastructure to retailers. Gasoline retailing involves marketing and selling the fuel to consumers, with prices influenced by factors such as crude oil prices, taxes, and regional variations.

Government regulations play a crucial role in the gasoline market, with emissions standards and fuel efficiency requirements driving innovation in fuel technology. Alternative fuels, such as ethanol blends, renewable fuels, and electric vehicles, are gaining popularity due to their environmental benefits and potential to reduce carbon emissions. Fuel efficiency standards, such as Corporate Average Fuel Economy (CAFE) regulations, have led to advancements in engine performance and fuel economy. Fuel additives, including biofuel additives and octane enhancers, are used to improve fuel quality and performance. Geopolitical influences and fuel volatility can impact the gasoline market, with supply chain disruptions and price fluctuations affecting both domestic and international markets.

The energy sector's transition towards sustainable fuels and decarbonization is also shaping the future of the gasoline market. Regular gasoline remains widely available and affordable,

In September 2025, one gallon of diesel cost an average of 3.75 U.S. dollars in the United States. That was an increase compared to the month prior, and higher than prices in September 2024. Impact of crude prices on motor fuel consumer prices Diesel prices are primarily determined by the cost of crude oil. In fact, crude oil regularly accounts for around 50 percent of end consumer prices of diesel. As such, supply restrictions or weak demand outlooks influence prices at the pump. The fall in diesel prices noted since the latter half of 2024 is a reflection of lower crude prices. Diesel and gasoline price development The usage of distillate fuel oil began in the 1930s, but until further development in the 1960s, diesel vehicles were mostly applied to commercial use only. In the U.S., diesel-powered cars remain a fairly small portion of the automobile market and diesel consumption is far lower than gasoline consumption. In general, gasoline also tends to be more widely available than diesel fuel and usually sells for a lower retail price. However, diesel engines have better fuel economy than gasoline engines and, as such, tend to be used for large commercial vehicles.

Brent fell to 62.16 USD/Bbl on October 14, 2025, down 1.88% from the previous day. Over the past month, Brent's price has fallen 7.83%, and is down 16.29% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on October of 2025.

The global retail fuel market is experiencing robust growth, driven by increasing vehicle ownership, expanding urbanization, and rising disposable incomes in developing economies. The market's substantial size, estimated at $500 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 4% from 2025 to 2033, reaching approximately $750 billion by the end of the forecast period. This growth is fueled by several key factors. Firstly, the ongoing expansion of the global automotive sector, particularly in emerging markets like Asia and Africa, significantly increases demand for fuel. Secondly, the evolving global landscape, with increasing freight transportation and logistical demands, continues to elevate fuel consumption across various sectors. Finally, technological advancements in fuel efficiency, though helping mitigate some growth, are being offset by the increasing penetration of larger vehicles and SUVs that show a higher average fuel consumption. Despite the positive growth trajectory, several factors pose challenges to the market's expansion. Fluctuations in crude oil prices represent a major constraint, impacting fuel prices and consumer spending. Government regulations aimed at promoting cleaner energy sources and reducing carbon emissions are also influencing the market landscape. The increasing adoption of electric vehicles (EVs) and alternative fuels, while a long-term trend, currently present a slower-than-expected shift due to issues such as charging infrastructure and battery technology. However, market segmentation based on fuel type (gasoline, diesel, etc.), distribution channels, and geographical regions reveals diverse growth patterns. Companies such as Bangladesh Petroleum Corporation, Petrobangla, and Chevron Corporation are key players, engaging in strategic partnerships and investments to maintain their market positions amidst these evolving dynamics. The forecast period of 2025-2033 will be crucial in shaping the industry's future as it navigates these challenges and opportunities.

The global retail fuel market, encompassing various fuel types like gasoline, diesel, and jet fuel, across diverse applications including power generation, industrial use, and transportation, is experiencing robust growth. While precise market sizing data is unavailable, considering typical market growth in mature economies and emerging markets' rapid industrialization, a reasonable estimate for the 2025 market size could be around $5 trillion USD, with a Compound Annual Growth Rate (CAGR) of approximately 3-4% projected from 2025 to 2033. This growth is driven by several key factors: increasing global energy demand fueled by expanding populations and industrialization, particularly in developing nations; the rise of personal transportation in emerging economies; and, despite the growth of renewable energy, the continued reliance on fossil fuels for power generation and transportation, especially in the short-to-medium term. However, the market faces challenges such as fluctuating crude oil prices, government regulations aimed at reducing carbon emissions, and the growing adoption of electric vehicles and alternative fuels. These restraints are expected to moderate growth, although the market’s inherent scale suggests continued expansion in the long-term forecast. Segmentation reveals that the power generation sector, along with industrial applications, represents significant market share, while the transportation sector (covering both aviation and ground transport) will show continued growth, particularly in Asia-Pacific and other developing regions. Major players like Bangladesh Petroleum Corporation, Petrobangla, and Chevron Corporation are strategically positioning themselves to capitalize on the market opportunities, focusing on efficient distribution networks, diversification of fuel sources, and investments in sustainable practices to meet evolving regulatory demands. The geographical distribution of the retail fuel market reflects global energy consumption patterns. North America, Europe, and Asia-Pacific are likely to dominate market share, though the composition of this dominance will shift over time. Emerging markets in Asia-Pacific and the Middle East & Africa are poised for the fastest growth, due to their rapidly expanding economies and increasing vehicle ownership. However, developed regions are expected to maintain significant market share driven by higher per capita consumption and existing infrastructure. The market's future trajectory will depend on the interplay of supply-demand dynamics, geopolitical events affecting crude oil prices, and the pace of transition towards alternative energy sources. While the shift towards sustainable energy is undeniable, the immediate future of the retail fuel market remains strongly tied to the continued reliance on fossil fuels as a primary energy source globally.

Snapshot img { margin: 10px !important; } The fuel oil market size will decrease by USD 84.77 billion during 2020-2024. This report provides a detailed analysis of the market by application (marine, industrial, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BP Plc, Chevron Corp., Exxon Mobil Corp., JXTG Holdings Inc., PJSC LUKOIL, PT Pertamina(Persero), Qatar Petroleum, Reliance Industries Ltd., Royal Dutch Shell Plc, and SK Innovation Co. Ltd.

Market Overview

Browse TOC and LoE with selected illustrations and example pages of Fuel Oil Market

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Market Competitive Analysis

The fuel oil market is fragmented with numerous vendors that produce and supply fuel oil to customers. Vendors need to make high capital investments to remain competitive in the market. BP Plc, Chevron Corp., and Exxon Mobil Corp. are some of the major market participants. Although the rise in world energy demand will offer immense growth opportunities, the fluctuations in crude oil prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this fuel oil market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this fuel oil market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

BP Plc
Chevron Corp.
Exxon Mobil Corp.
JXTG Holdings Inc.
PJSC LUKOIL
PT Pertamina(Persero)
Qatar Petroleum
Reliance Industries Ltd.
Royal Dutch Shell Plc
SK Innovation Co. Ltd.

Fuel Oil Market: Segmentation by Application

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The primary requirement of any marine engine is to propel the ship or generate onsite power by using the energy obtained from burning fuel oil. The mega marine engines of ships burn tons of fuel every day to propel the massively loaded ships. The rise in demand for bunker fuel oil due to the growing seaborne trade and growing naval activities will drive the demand for fuel oil for marine.

However, market growth in this segment will be slower than the growth of the market in the industrial and other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the fuel oil market size.

Fuel Oil Market: Segmentation by Geography

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North America will offer several growth opportunities to market vendors during the forecast period. The strong consumption of space heating fuel, growing refinery capacity, and proliferating marine trade will significantly influence fuel oil market growth in this region over the forecast period. The US is a key market for fuel oil in North America.

Fuel Oil Market: Key Drivers and Trends

The fluctuation in oil prices has affected the business of several oil and gas companies and refinancing companies. As a result, crude oil processing projects generate less revenue and many oil and gas companies suspend or postpone their exploration and production projects. Fluctuations in crude oil prices also impact investments in E&P and refining projects. Such factors will result in a slowdown in the growth of the global fuel oil market during the forecast period.

The adoption of blockchain in the oil and gas industry helps in overcoming several issues including the complexity of logistics, high fuel prices, and environmental pollution. Blockchain platforms facilitate secure and faster transactions between the entities and maintain transparency. Blockchain also helps in reducing cash cycle time and intermediary costs. These benefits will result in an increase in the adoption of blockchain to enhance the overall operational efficiency of the existing refineries. As a result of such factors, the fuel oil market will register a CAGR of (13)% during the forecast period.

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Fuel Oil Market: Key Highlights of the Report for 2020-2024

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive fuel oil market growth during the next five years
Precise estimation of the f