The global fuel energy price index stood at 166.79 index points in May 2025, up from 100 in the base year 2016. Figures increased that month due to greater demand for motor fuels and cooling. 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.

The average price for regular gasoline in the United States stood at **** U.S. dollars per gallon on July 28, 2025. This compared to a diesel price of **** U.S. dollars per gallon. Prices for gasoline remained unchanged 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.

Gasoline fell to 2.17 USD/Gal on July 31, 2025, down 1.86% from the previous day. Over the past month, Gasoline's price has risen 3.64%, but it is still 10.00% lower than a year ago, 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 July of 2025.

Natural gas fell to 3.01 USD/MMBtu on July 31, 2025, down 1.25% from the previous day. Over the past month, Natural gas's price has fallen 11.95%, but it is still 52.78% 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 July of 2025.

All fuel prices experienced a decrease in prices between January and April 2025. The price index was also lower than at the same time in the previous year. Overall, prices have been notably less volatile throughout 2024 and 2025 when compared to 2021 and 2022.

Fuel prices, already high due to a recovering post-pandemic economy, surged even higher after Russia's invasion of Ukraine on February 2022. As of May of that same year, UCOME (used cooking oil methyl ester) average wholesale prices were higher than any other fuel, standing at 2,607 U.S. dollars per metric ton of oil equivalent. This represented an increase of over 124 percent when compared to 2018/2019 average prices. However, the largest price increase was reported for TME (tallow methyl ester). As of May 2022, TME's average wholesale price amounted to 1,112 U.S. dollars per metric ton of oil equivalent, up by more than 133 percent in comparison to 2018/2019.

TTF Gas rose to 35.31 EUR/MWh on July 31, 2025, up 0.84% from the previous day. Over the past month, TTF Gas's price has risen 4.18%, but it is still 4.49% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on July of 2025.

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About the ProjectWe developed the KAPSARC Energy Model for Saudi Arabia (KEM-SA) to understand the dynamics of the country’s energy system. It is a partial equilibrium model formulated as a mixed complementarity problem to capture the administered prices that permeate the local economy. KEM-SA has been previously used to study the impacts of various industrial fuel pricing policies and improved residential efficiency on the energy economy. The passenger transportation model presented in this paper helps understand more of the end-use energy demand.Key PointsIn 2016, policymakers in Saudi Arabia increased domestic transportation fuel prices, which are expected to approach market levels in the near future. Current low crude oil prices offer an excellent opportunity for policymakers to deregulate the passenger transportation sector without a significant change in local fuel prices. We developed a bottom-up transportation sub-model and integrated it with the KAPSARC Energy Model (KEM) to assess whether consumers could afford such reforms; and the resulting travel mode choices, energy consumption levels and revenue. We do not consider price-induced efficiency improvements; hence, the results would represent an upper bound for the shift to public modes.Despite a deregulation of the passenger transportation sector, Saudi households would continue to allocate one of the lowest transport budgets (as a percentage of income) in Gulf Cooperation Council (GCC) countries and also stay within Saudi Arabian historical boundaries.Deregulating fuel prices would encourage consumers to travel by more efficient public transport modes, as they become available in the near future, leading to significant energy savings and CO2 emissions reductions of between 4 million to 26 million metric tons (mt) per year.The Kingdom would receive an annual average $8.2 billion as additional revenue from domestic sales and exports in the varying crude price scenario and $5 billion in the fixed $60/bbl scenario.Despite the increase in transport fuel price, the net gain for Saudi Arabia in the varying crude oil price scenario remains positive as a result of substantial increase in revenue and the introduction of more convenient public travel modes.Our findings show that analyzing energy policies using empirical estimates are generally valid even for large variations in price; however, if new transport modes and technologies are introduced in Saudi Arabia, consumer response may be slightly greater than that of empirical estimate, which did not account for such new modes.

The UAE raises retail fuel prices in February 2025 amid global oil market volatility and geopolitical influences, affecting local and international economic dynamics.

Brazil BR: Wholesale Fuel Price: Gasoline: Minimum data was reported at 3.110 BRL/l in Aug 2020. This records an increase from the previous number of 2.650 BRL/l for Jul 2020. Brazil BR: Wholesale Fuel Price: Gasoline: Minimum data is updated monthly, averaging 2.000 BRL/l from Jul 2001 (Median) to Aug 2020, with 230 observations. The data reached an all-time high of 3.599 BRL/l in Oct 2018 and a record low of 0.690 BRL/l in Jan 2002. Brazil BR: Wholesale Fuel Price: Gasoline: Minimum data remains active status in CEIC and is reported by National Petroleum, Natural Gas and Biofuels Agency. The data is categorized under Global Database’s Brazil – Table BR.PF009: Distributor Fuel Price: Brazil: Monthly (Discontinued). Note:The Survey of Price and Margin Fuels Marketing covers gasoline, hydrated ethanol fuel, diesel oil without additive, compressed natural gas (CNG) and liquefied petroleum gas (LPG) which have been surveyed in 555 locations, about 10% municipalities in Brazil, in accordance with procedures established by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels.The results of the Survey of Price and Margin Fuels Marketing contain selling price to the final consumer and purchasing price from the wholesaler of gasoline, hydrated ethanol fuel, diesel oil without additive, CNG and LPG observed in each municipality which has participated in the survey.

Price for gasoline of Ghana slumped by 13.21% from 1.06 US dollars/liter in 2014 to 0.92 US dollars/liter in 2016. Since the 12.20% surge in 2012, price for gasoline remained constant by 0.00% in 2016. 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.

UK Gas rose to 85.76 GBp/thm on July 30, 2025, up 0.40% from the previous day. Over the past month, UK Gas's price has risen 7.99%, but it is still 1.41% lower than a year ago, 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 July of 2025.

Crude Oil rose to 70.07 USD/Bbl on July 31, 2025, up 0.09% from the previous day. Over the past month, Crude Oil's price has risen 7.05%, but it is still 8.18% lower than a year ago, 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 July of 2025.

In a survey conducted by Rakuten Insight in March 2023, ** percent of the respondents in Indonesia were impacted by the increase in price for fuel and gas. In comparison, ** percent of the respondents in Hong Kong were impacted by the price increase of fuel and gas as of March 2023.

Mexico Gasoline Price: Premium: Baja California Sur data was reported at 21.769 MXN/l in Jun 2019. This records an increase from the previous number of 21.698 MXN/l for May 2019. Mexico Gasoline Price: Premium: Baja California Sur data is updated monthly, averaging 19.251 MXN/l from Jan 2017 (Median) to Jun 2019, with 30 observations. The data reached an all-time high of 21.769 MXN/l in Jun 2019 and a record low of 17.433 MXN/l in Jul 2017. Mexico Gasoline Price: Premium: Baja California Sur data remains active status in CEIC and is reported by Energy Regulatory Commission. The data is categorized under Global Database’s Mexico – Table MX.P002: Gasoline Price.

Gasoline Prices in Vietnam decreased to 0.73 USD/Liter in July from 0.80 USD/Liter in June of 2025. This dataset provides the latest reported value for - Vietnam Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The likely effect of an unexpectedly large increase in the period 1990 to 2010 in retail fuel price on the average fuel efficiency of light-duty vehicles is shown on this map. Light-duty vehicles include all cars and light trucks. Because vehicles consume a substantial part of energy, average vehicle fuel efficiency is an important indicator for greenhouse gas emission and climate change policy making. The lower the fuel efficiency, the higher the emission per vehicle, and, consequently, the greater its contribution to greenhouse gas production. Gasoline cost is the major vehicle operating cost. An increase in gasoline price would, to some extent, cause users to choose more fuel-efficient vehicles in order to reduce vehicle-operating cost. The Prairie Provinces would have the most sensitive response in fuel efficiency improvement to retail fuel price.

Gasoline Prices in India decreased to 1.09 USD/Liter in July from 1.11 USD/Liter in June of 2025. This dataset provides the latest reported value for - India Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.