The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in May 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over ** U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than ** percent between 2021 and 2023. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2023, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.

This statistic shows the forecast average gas prices for the Memorial Day holiday period in the United States from 2010 to 2024. In 2024, the average price of gas during the Memorial Day holiday period was estimated at approximately 3.6 U.S. dollars per gallon.

About the Project

KAPSARC is analyzing the shifting dynamics of the global gas markets. Global gas markets have turned upside down during the past five years: North America has emerged as a large potential future LNG exporter while gas demand growth has been slowing down as natural gas gets squeezed between coal and renewables. While the coming years will witness the fastest LNG export capacity expansion ever seen, many questions are raised on the next generation of LNG supply, the impact of low oil and gas prices on supply and demand patterns and how pricing and contractual structure may be affected by both the arrival of U.S. LNG on global gas markets and the desire of Asian buyers for cheaper gas.

Key Points

In the past year, global gas prices have dropped significantly, albeit at unequal paces depending on the region. All else being equal, economists would suggest that this should have generated a positive demand response. However, “all else” was not equal. Prices of other commodities also declined while economic growth forecasts were downgraded.

Prices at benchmark points such as the U.K. National Balancing Point (NBP), U.S. Henry Hub (HH) and Japan/Korea Marker (JKM) slumped due to lower oil prices, liquefied natural gas (LNG) oversupply and unseasonal weather. Yet, the prices of natural gas in local currencies have increased in a number of developing countries in Africa, the Middle East, Latin America, former Soviet Union (FSU) and Asia.

North America experienced demand growth while gas in Europe and Asia faced rising competition from cheaper coal, renewables and, in some instances, nuclear. Gains to European demand were mostly weather related while increases in Africa and Latin America were not significant.

For LNG, Europe became the market of last resort as Asian consumption declined. Moreover, an anticipated surge in LNG supply, brought on by several new projects, may lead to a confrontation with Russian or other pipeline gas suppliers to Europe. At the same time, Asian buyers are seeking concessions on pricing and flexibility in their long-term contracts.

Looking ahead, natural gas has to prove itself a credible and affordable alternative to coal, notably in Asia, if the world is to reach its climate change targets. The future of the gas industry will also depend on oil prices, evolution of Chinese energy demand and impact of COP21 on national energy policies. Current low prices mean there is likely to be a pause in final investment decisions (FIDs) on LNG projects in the coming years.

Natural gas prices for household end users (including taxes, levies, and VAT) in Spain decreased to 0.1 euro cents per kWh in the second half of 2023. This means a decline of 0.01 euro cents per kWh.The prices include gas basic price, transmission, system services, meter rental, distribution and other services.Find more statistics on other topics about Spain with key insights such as natural gas prices for household end users incl. tax.

Graph and download economic data for US Regular All Formulations Gas Price (GASREGW) from 1990-08-20 to 2025-07-28 about gas, commodities, and USA.

Gasoline prices in the United States have experienced significant fluctuations over the past three decades, with 2024 seeing an average price of 3.3 U.S. dollars per gallon. This marks a notable decrease from the record high of 3.95 U.S. dollars per gallon in 2022, yet remains considerably higher than prices seen in the early 2000s. Despite this, American consumers continue to enjoy relatively low gasoline prices compared to many other countries, with some European countries paying more than double the U.S. average. Drivers in Hawaii and California pay the most at the pump Gasoline prices vary significantly across the United States, with Hawaii and California consistently ranking as the most expensive states for this fuel. As of January 1, 2025, Hawaii's average price for regular gasoline was 4.54 U.S. dollars per gallon, nearly 1.5 dollars above the national average. California's high prices are largely attributed to its steep gasoline taxes, which reached 68.1 U.S. cents per gallon in January 2024. These taxes play a crucial role in shaping retail prices and are typically reinvested in road infrastructure, demonstrating the direct link between fuel costs and transportation development. Patterns in gasoline consumption In a global context, the United States maintains some of the lowest conventional motor fuel prices among high-income countries. This is largely due to its position as the world's largest crude oil producer, allowing it to keep retail prices comparatively low. Despite fluctuations in price, gasoline consumption in the U.S. remains robust, averaging around 8.5 million barrels per day in 2024. Consumption tends to be highest in the summer months and lowest in the winter months due to changing driving behavior.

Beginning in 2005, the Division of Community and Regional Affairs began collecting prices of heating fuel and unleaded gasoline in 100 select communities. The communities have remained constant since the project’s inception. The prices for unleaded gasoline in these 100 communities are collected via a telephone survey of each fuel retailer and reflect an “at the pump” price per gallon (including tax) on the day of contact. The survey is generally conducted once during the summer and once during the winter in any given year.

Natural Gas Price: TP: HH: 55000 kWh and Above data was reported at 212.480 SEK/kWh in Dec 2024. This records a decrease from the previous number of 314.720 SEK/kWh for Jun 2024. Natural Gas Price: TP: HH: 55000 kWh and Above data is updated semiannually, averaging 124.640 SEK/kWh from Dec 2014 (Median) to Dec 2024, with 21 observations. The data reached an all-time high of 314.720 SEK/kWh in Jun 2024 and a record low of 91.940 SEK/kWh in Dec 2014. Natural Gas Price: TP: HH: 55000 kWh and Above data remains active status in CEIC and is reported by Statistics Sweden. The data is categorized under Global Database’s Sweden – Table SE.P005: Natural Gas Price.

A tabular presentation of private sector forecasts of British Columbia natural gas prices for the calendar years 2013, 2014 and 2015, including values adjusted to the fiscal years 2013-14, 2014-15 and 2015-16

Series of Pacific Fuel Monitors produced on a quarterly basis from 2014 - 2015. Captures:

• regional retail fuel prices
• unleaded motor gasoline prices (mogas)
• automotive diesel oil (ADO) prices
• kerosene prices
• liquefied petroleum gas (LPG)
• international market pricing trends
• regional fuel specification.

Documents are prepared by the Secretariat of the Pacific Community - Petroleum Advisory Service.

Keywords: petroleum, fossil fuel, price, monitor, fuel price monitor, pfpm

Gasoline Prices in the United States remained unchanged at 0.83 USD/Liter in July. This dataset provides the latest reported value for - United States Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

When gasoline topped $4 a gallon, opponents of an increase in the gas tax argued that prices were already too high. Now that the average price of regular gas has dropped to under $2.50 a gallon, the anti-tax environment that pervades Washington shows little support for increasing the gas tax to finance the upkeep of the nation's roadways and public transit systems. This no-win dynamic is frustrating to advocates who had hoped falling gas prices might reinvigorate the idea of raising the gas tax, which they view as one of the simplest, fairest and most efficient ways to pay for transportation repairs and improvements.The latest discussions about raising the gas tax come as the Energy Information Administration estimates that the average American household will spend at least $550 less on gasoline next year than it did in 2014, a result of lower prices and more fuel-efficient cars and trucks that can travel farther on fewer gallons.The last time the gasoline tax was raised was in 1993, and even that 4.3-cent-a-gallon increase was not initially dedicated to transportation repair and capital improvements, but rather was part of President Clinton's budget-deficit reduction plan. That revenue stream was redirected to the federal Highway Trust Fund in 1997. Back then, the 18.4-cent tax on every gallon represented about 16 percent of the pump price. If the gas tax had kept pace with inflation it would be 30.1 cents today. The Trust Fund now faces a major decline of an estimated $160 billion deficit over the next 10 years.

Panama PA: Pump Price for Diesel Fuel: USD per Liter data was reported at 0.610 USD in 2016. This records a decrease from the previous number of 0.850 USD for 2014. Panama PA: Pump Price for Diesel Fuel: USD per Liter data is updated yearly, averaging 0.600 USD from Dec 1992 (Median) to 2016, with 11 observations. The data reached an all-time high of 1.020 USD in 2012 and a record low of 0.280 USD in 1998. Panama PA: Pump Price for Diesel Fuel: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Panama – Table PA.World Bank.WDI: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of diesel fuel. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

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.

Belgium Fuel Price: Avg: incl VAT: Gasoline: Super 95 E5 data was reported at 1.602 EUR/l in May 2025. This records a decrease from the previous number of 1.635 EUR/l for Apr 2025. Belgium Fuel Price: Avg: incl VAT: Gasoline: Super 95 E5 data is updated monthly, averaging 1.521 EUR/l from Jan 2014 (Median) to May 2025, with 137 observations. The data reached an all-time high of 2.188 EUR/l in Jun 2022 and a record low of 1.211 EUR/l in Apr 2020. Belgium Fuel Price: Avg: incl VAT: Gasoline: Super 95 E5 data remains active status in CEIC and is reported by Directorate-General Statistics - Statistics Belgium. The data is categorized under Global Database’s Belgium – Table BE.P004: Fuel Prices.

Mexico: Gasoline prices at the pump, in dollars per liter: The latest value from 2016 is 0.73 dollars, a decline from 1.03 dollars in 2014. In comparison, the world average is 0.98 dollars, based on data from 165 countries. Historically, the average for Mexico from 1992 to 2016 is 0.65 dollars. The minimum value, 0.32 dollars, was reached in 1995 while the maximum of 1.03 dollars was recorded in 2014.

A tabular presentation of private sector forecasts of British Columbia natural gas prices for the calendar years 2012, 2013 and 2014, including values adjusted to the fiscal years 2012-13, 2013-14 and 2014-15

Iraq: Gasoline prices at the pump, in dollars per liter: The latest value from 2016 is 0.61 dollars, an increase from 0.43 dollars in 2014. In comparison, the world average is 0.98 dollars, based on data from 165 countries. Historically, the average for Iraq from 2010 to 2016 is 0.61 dollars. The minimum value, 0.43 dollars, was reached in 2014 while the maximum of 0.78 dollars was recorded in 2010.