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.
In the second quarter of 2022, the average retail price for a gallon of regular gasoline stood at around 4.49 U.S. dollars, up from the previous quarter.
A glut in oil supply between 2014 and 2016 forced down prices and led to a low average U.S. gasoline price of roughly 1.9 U.S. dollars per gallon in the first quarter. Gasoline prices fluctuated considerably between 2019 and 2020 as a result of tensions between the United States and other oil exporters, such as Iran, and stifling oil demand during the Covid-19 pandemic. The price of West Texas Intermediate briefly dipped in the negative in April 2020.
Seasonal price variations
There are periodic fluctuations in gasoline prices in the United States, where the second and third quarters are typically more expensive than the rest of the year. One of the factors contributing to changing gasoline prices is a decrease in production from refineries due to maintenance work in tandem with an increase in demand, as holiday goers make road-trips. Gasoline will revert to cheaper winter-grade in September. Annual motor vehicle consumption in the United States was around 128 billion gallons as of 2020.
Coronavirus (COVID-19) has cast a shadow on the French economy. Due to the outbreak, France's gross domestic product forecast dropped, compared to previous studies. Impact of COVID-19 on the French energy market The negative impact we can observe on France's electricity consumption is a direct consequence of this economic crisis. The spread of the virus and implemented quarantine measures are among the causes of fuel prices decrease but not only. Indeed, a disagreement between OPEC members (notably Russia and Saudi Arabia) about introducing a production limit led to a sudden fall of crude oil prices.The fall of fuel prices As we can see, several events are responsible for the road fuel prices decrease between March and April. A cause for hope, however, can be found in a slowdown in the price's decline in France. Falling six cents between March 9th and March 16th, diesel price only dropped 0,8 cents between April 6th and March 31st. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.
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.
On April 20th, 2020, the price of West Texas Intermediate crude oil slumped into negative for the first time in history, falling to negative 37.63 U.S. dollars per barrel. The ongoing coronavirus pandemic has had a catastrophic impact on the global oil and gas industry. Declining consumer demand and high levels of production output are threatening to exceed oil storage capacities, which resulted in the lowest ever oil prices noted between April 20th and April 22nd.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.
The average monthly price for natural gas in the United States amounted to 3.02 nominal U.S. dollars per million British thermal units (Btu) in December 2024. By contrast, natural gas prices in Europe were about four times higher than those in the U.S. Prices for 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 70 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 60 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 one trillion cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.
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Switzerland Fuel Price: Value: 6001 to 9000 Litre data was reported at 100.630 CHF/100 l in Feb 2025. This records a decrease from the previous number of 102.090 CHF/100 l for Jan 2025. Switzerland Fuel Price: Value: 6001 to 9000 Litre data is updated monthly, averaging 80.750 CHF/100 l from Jan 2000 (Median) to Feb 2025, with 302 observations. The data reached an all-time high of 157.130 CHF/100 l in Aug 2022 and a record low of 37.350 CHF/100 l in Feb 2002. Switzerland Fuel Price: Value: 6001 to 9000 Litre data remains active status in CEIC and is reported by Swiss Federal Statistical Office. The data is categorized under Global Database’s Switzerland – Table CH.P002: Fuel Prices. [COVID-19-IMPACT]
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Argentina Average Sales Price: Natural Gas data was reported at 112,130.924 ARS/Cub Mm in Jan 2025. This records an increase from the previous number of 105,002.657 ARS/Cub Mm for Dec 2024. Argentina Average Sales Price: Natural Gas data is updated monthly, averaging 221.071 ARS/Cub Mm from Jan 1993 (Median) to Jan 2025, with 385 observations. The data reached an all-time high of 145,829.308 ARS/Cub Mm in Sep 2024 and a record low of 35.244 ARS/Cub Mm in Dec 1993. Argentina Average Sales Price: Natural Gas data remains active status in CEIC and is reported by Energy Secretariat. The data is categorized under Global Database’s Argentina – Table AR.RB005: Energy Price: by Product. Data prior 2001 refers to Average Sales Price: Natural Gas in USD/Cub Mm [COVID-19-IMPACT]
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In 2018, global breathing appliances imports rose 15% and totaled $1.7B.
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Saudi Arabia Fuel Prices: Retail: Gasoline 91 data was reported at 2.180 SAR/l in Mar 2025. This stayed constant from the previous number of 2.180 SAR/l for Feb 2025. Saudi Arabia Fuel Prices: Retail: Gasoline 91 data is updated monthly, averaging 2.180 SAR/l from Jul 2020 (Median) to Mar 2025, with 57 observations. The data reached an all-time high of 2.180 SAR/l in Mar 2025 and a record low of 1.290 SAR/l in Jul 2020. Saudi Arabia Fuel Prices: Retail: Gasoline 91 data remains active status in CEIC and is reported by Saudi Arabian Oil Company. The data is categorized under Global Database’s Saudi Arabia – Table SA.P016: Fuel Prices. [COVID-19-IMPACT]
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Chile Fuel Price: Avg: Metropolitan Region: Gasoline 95 data was reported at 1.312 USD/l th in 16 Sep 2022. This records a decrease from the previous number of 1.319 USD/l th for 15 Sep 2022. Chile Fuel Price: Avg: Metropolitan Region: Gasoline 95 data is updated daily, averaging 0.829 USD/l th from Jan 2018 (Median) to 16 Sep 2022, with 1642 observations. The data reached an all-time high of 1.321 USD/l th in 08 Sep 2022 and a record low of 0.731 USD/l th in 19 Aug 2020. Chile Fuel Price: Avg: Metropolitan Region: Gasoline 95 data remains active status in CEIC and is reported by National Commission of Energy. The data is categorized under Global Database’s Chile – Table CL.P006: Liquid Fuel Domestic Price. [COVID-19-IMPACT]
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According to Cognitive Market Research, The global neon gas market size is USD 0.251 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 7.20% from 2023 to 2030.
The increased use of cryogenic applications is increasing the need for neon gas.
In the neon gas business, demand for high purity remains high.
In 2023, the automotive and transportation equipment category had the greatest revenue share of the neon gas market.
The Asia Pacific neon gas industry will continue to lead, while the North American neon gas market will grow the most rapidly until 2030.
Increased Use of Cryogenic Applications to Provide Viable Market Output
Cryogenic applications for neon include high-energy particle colliders, rocket propulsion systems, and wave meter tubes. Neon and other noble gases are useful for cryogenic applications due to their low boiling point. As a result, they are gaseous even at low temperatures. High-energy particle colliders are used in nuclear physics to investigate particles. The Higgs Boson particles were examined using the world's largest high-energy collider, the Large Hadron Collider. For most cutting-edge energy and scientific research that does not require extreme chilling, neon is often selected as a cryogenic coolant over helium. The market is being driven by the rising use of neon in cryogenic applications.
Growth of Consumer Electronics and Semiconductors Sectors to Propel Market Growth
Given its critical role in the creation of LCD screens, the neon gas industry is being propelled by the rising consumer electronics sector. Neon gas, which is required for brilliant displays in devices such as TVs and smartphones, contributes to the backlighting required for LCD technology. Furthermore, neon is used in semiconductor fabrication, which is a crucial component in the performance of electronic gadgets. As consumer demand for modern electronics rises, the increased manufacture of LCDs and semiconductors raises the demand for neon gas. This convergence of technology breakthroughs and customer demands places neon gas as a significant enabler in driving market growth.
The increasing adoption of lasers across various end-use industries is driving the Neon Gas Market
Market Dynamics of Neon Gas
Variations in Neon Production Costs to Restrict Market Growth
Neon gas is present at a low concentration in the earth's atmosphere, i.e., 18 ppm. It is created through a fractional distillation process of liquid air, accompanied by the separation of helium from the mixture. Because of this manufacturing process, the price of neon gas is both expensive and volatile. This is the primary constraint for the Neon Gas Market. Consumers prefer alternative gas due to high pricing, slowing the growth rate of the Neon Gas business.
Impact of COVID–19 on the Neon Gas Market
The COVID-19 pandemic had a mixed effect on the neon gas industry. While industrial disruptions caused a temporary drop in demand, the healthcare sector observed a rise in demand for neon gas in medical applications such as neonatal care and diagnostic equipment. Manufacturing and building slowed during lockdowns, affecting industrial gas use, notably neon. However, the revival of economic activity and the continuing need for medical applications aided in the steady recovery. The neon gas market showed resiliency, with swings influenced by pandemic-related interruptions and subsequent recoveries in specific sectors. Introduction of Neon Gas
Neon gas is an inert monoatomic gas that belongs to the group of 18 elements on the periodic chart. It has no flavor, odor, or color and is lighter than air. Neon is known in the electric area for its ability to produce light and brilliant colors, making it an extremely versatile component in the image and lighting industries. Because of neon's ability to generate incredibly penetrating lasers, it is also commonly utilized in the production of fog lights. As a result, neon gas is becoming more popular in cold-weather zones. It is also utilized in the lithography step, which is essential for the manufacture of semiconductor devices used in the automotive and electronics industries.
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According to Cognitive Market Research, the global Commercial Aircraft Aviation Fuel market size will be USD XX million in 2023. It will expand at a compound annual growth rate (CAGR) of 15.20% from 2023 to 2030.
The demand for Commercial Aircraft Aviation Fuel is rising due to increasing focus on reducing carbon emissions.
Demand for air turbine fuel remains higher in the Commercial aircraft aviation fuel market.
The passenger aircraft category held the highest Commercial Aircraft Aviation Fuel market revenue share in 2023.
North American Commercial Aircraft Aviation Fuel will continue to lead, whereas the European Commercial Aircraft Aviation Fuel market will experience the most substantial growth until 2030.
Expansion of the Tourism Industry to Provide Viable Market Output
The expansion of tourism is influencing the market's growth. The surge in global tourism has led to a rise in air travel demand, subsequently driving the need for aviation fuel. As more people explore diverse destinations, airlines are compelled to increase their fleets and flights, increasing fuel consumption. Additionally, emerging economies witnessing a boost in tourism further amplify this trend. The expansion of the tourism sector acts as a key driver, stimulating investments and innovations in aviation fuel technology to meet the escalating requirements of the growing commercial airline industry.
For instance, According to the World Tourism Organization, a specialized agency of the United Nations (UN), tourist arrivals in Maldives in January 2021 stood at 92,103. This count rose to 99,397 by 3rd February 2021. The growing count of tourists is creating promising scope for the aviation industry.
Source-www.unwto.org/maldives-tourism-looking-up-after-reopening
Increased Development of Jet-a-fuels to Propel Market Growth
The development of jet-a-fuels has significantly impacted the Commercial aircraft aviation fuel market. Jet-A fuels are undergoing advancements to enhance fuel efficiency, reduce carbon emissions, and comply with stringent environmental regulations. These innovations focus on improving the energy density of fuels, exploring alternative and renewable sources, and optimizing combustion processes. The rise in demand for cleaner and more sustainable aviation fuels, coupled with a global emphasis on reducing the environmental impact of air travel, is compelling the industry to invest in research and development, thereby fostering the evolution of Jet-A fuels for a more eco-friendly aviation future.
For instance, in June 2021, researchers at Washington State University developed a process for turning waste plastics into sustainable jet-A fuel. If the process is refined and applied on a large scale, the procedure is expected to address major environmental problems, including greenhouse gas emissions and plastic pollution.
Source-news.wsu.edu/press-release/2021/05/17/new-technology-converts-waste-plastics-jet-fuel-hour/
Market Dynamics of the Commercial Aircraft Aviation Fuel Market
Fluctuation in Oil Prices to Restrict Market Growth
The fluctuation in oil prices hinders the growth of the market. The industry is highly sensitive to changes in crude oil prices, affecting the overall operational costs for airlines. Frequent spikes in oil prices can lead to increased expenses for fuel, impacting profit margins and necessitating adjustments in ticket prices. Conversely, a decline in oil prices may provide temporary relief but can disrupt long-term planning and investments in fuel-efficient technologies. The unpredictable nature of oil price fluctuations introduces financial uncertainties, making it challenging for airlines to budget effectively and potentially hindering the adoption of sustainable aviation fuel alternatives.
Impact of COVID–19 on the Commercial Aircraft Aviation Fuel market
The COVID-19 pandemic significantly affected the Commercial Aircraft Aviation Fuel market. The unprecedented decline in air travel demand led to reduced flight operations, impacting the aviation fuel sector. Airlines faced financial challenges, resulting in fleet groundings and delayed deliveries of new aircraft. It led to a surplus of aviation fuel, causing a price drop. Governments implemented travel restrictions and lockdowns, further exacerbating the industry's woes. As the world strives for recovery, the aviation fuel market is gradually rebounding, but uncertainties ...
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Switzerland Fuel Price: Value: Over 20000 Litre data was reported at 98.290 CHF/100 l in Feb 2025. This records a decrease from the previous number of 99.840 CHF/100 l for Jan 2025. Switzerland Fuel Price: Value: Over 20000 Litre data is updated monthly, averaging 77.915 CHF/100 l from Jan 2000 (Median) to Feb 2025, with 302 observations. The data reached an all-time high of 154.860 CHF/100 l in Aug 2022 and a record low of 34.660 CHF/100 l in Feb 2002. Switzerland Fuel Price: Value: Over 20000 Litre data remains active status in CEIC and is reported by Swiss Federal Statistical Office. The data is categorized under Global Database’s Switzerland – Table CH.P002: Fuel Prices. [COVID-19-IMPACT]
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According to Cognitive Market Research, the global bunker fuel oil market size is USD 115954.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.30% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 46381.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 34786.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 26669.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 5797.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 2319.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
The Tanker Fleet segment held the highest bunker fuel oil market revenue share in 2024.
Market Dynamics of Bunker Fuel Oil Market
Key Drivers for Bunker Fuel Oil Market
Expanding Maritime Trade Activities and Increasing Fleet Sizes Driving Demand for Bunker Fuel Oil
As trade continues to expand, shipping companies have had to add new vessels to their fleets to carry out the growing volume of products passing through their harbours. Thus, demand on bunker fuel oil has increased. This is especially true in regions that are going through fast economic growth and rapid industrialization. Not to lay one’s infrastructure at the foundation of trade and business, for instance cargo ships, ports and other installations, is unthinkable in developed countries.
Regulatory Changes Mandating Low-Sulfur Fuels Catalyzing Market Growth
In response to the increasing demands for cleaner fuels and reduced emissions from shipping traffic, even low-sulphur bunker fuel oils are being adopted.Raising its exhaust emissions costs even higher, the crew dropped from heavy fuel oil to Marine Gas Oil (MGO) and Diesel Oil.This move towards greener fuels, however, does not come just out of compliance with regulations. The accelerated use has arisen from a global focus for all sectors to produce cleaner environmental benefits and results, as evidenced by governments promoting low-sulphur bunker fuels.
Restraint Factor for the Bunker fuel oil market
Volatility in Crude Oil Prices and Geopolitical Uncertainties Impeding Bunker Fuel Oil Market Growth
The strength of international market for heavy or residual fuel oil are the price of crude, the cost all factors considered and eventually price. At any time, variations in price cannot be neglected due to influences such as world politics which impinge directly on production costs for bunker fuel oils and this brings huge instability.Such as supply and demand, geopolitical pressures or economic climate could send the price of crude into a tailspin. This poses another major challenge for suppliers and buyers of bunker fuel oil, raising questions about investment decision-making as well as operational planning. In addition, geopolitical events such as conflicts or sanctions in major oil-producing regions (or shipping lanes) may disrupt supply chains and affect either the availability or pricing of bunker fuel oils. That further inflates market volatility and makes it that much harder to predict how long such conditions will continue.
Impact of Covid-19 on the Bunker Fuel Oil Market
During the Covid-19 pandemic, the oil bunker fuel market, seemingly near their end, was deeply troubled in large part because globalised trade and maritime activities swooned to a degree which had never been witnessed before in history. Decreased demand for goods and commodities, combined with drastic travel restrictions and blockade measures, caused shipping volume and maritime traffic to drop significantly, affecting the consumption of bunker fuel. companies hit head-on by the pandemic's economic impact, their financial resources and operational systems stretched to breaking point, were no longer able to offset shipborne bunker fuel oil with land tankers. with demand for ship fuel oil plummeting and prices also falling, the bunker fuel market showed again how susceptible it is to global economic tu...
Industrial gas manufacturing revenue is slated to inch upwards at a compound annual rate of 0.7% over the five years through 2024-25, reaching £1.4 billion. Manufacturers suffered from soaring costs due to a surge in natural gas prices in 2022-23, although some of the hike in costs was passed on to customers through higher prices. Before this, the COVID-19 pandemic brought about significant disruption to the numerous downstream industries that rely on industrial gases, like steel product manufacturers, cutting demand and limiting sales in 2020-21. Growing environmental concerns have allowed industrial gas manufacturers to market their gases and mixtures as greener alternatives to traditional polluting chemicals. However, demand for harmful industrial gases has fallen as regulations tighten and companies seek to lower their carbon footprint. A surge in oil and gas prices caused revenue to jump following Russia’s invasion of Ukraine, though operating profit took a hit as manufacturers struggled to recoup all of the cost increases. Revenue is slated to fall by 8.7% in 2024-25, reflecting a fall in natural gas prices and a readjustment in industrial gas sales prices. However, sales volumes are set to remain mostly flat. Industrial gas manufacturing revenue is expected to hike at a compound annual rate of 1.1% to just over £1.5 billion over the five years through 2029-30. Industrial gas manufacturers are expected to benefit from higher demand for clean gases to replace polluting chemicals as new mixtures are developed and existing gases are used in new ways. Manufacturers are also expected to reap the perks of the growing demand for hydrogen for energy production. However, reductions in the government's R&D tax relief for SMEs mean that demand for some gases from research facilities and small industrial manufacturers may drop.
As of February 2025, the average annual price of Brent crude oil stood at 77.36 U.S. dollars per barrel. This is some three U.S. dollars lower than the 2024 average. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. What determines crude oil benchmarks? In the past decade, crude oil prices have been especially volatile. Their inherent inelasticity regarding short-term changes in demand and supply means that oil prices are erratic by nature. However, since the 2009 financial crisis, many commercial developments have greatly contributed to price volatility; such as economic growth by BRIC countries like China and India, and the advent of hydraulic fracturing and horizontal drilling in the U.S. The outbreak of the coronavirus pandemic and the Russia-Ukraine war are examples of geopolitical events dictating prices. Light crude oils - Brent and WTI Brent Crude is considered a classification of sweet light crude oil and acts as a benchmark price for oil around the world. It is considered a sweet light crude oil due to its low sulfur content and a low density and may be easily refined into gasoline. This oil originates in the North Sea and comprises several different oil blends, including Brent Blend and Ekofisk crude. Often, this crude oil is refined in Northwest Europe. Another sweet light oil often referenced alongside UK Brent is West Texas Intermediate (WTI). WTI oil prices amounted to 76.55 U.S. dollars per barrel in 2024.
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Chile Fuel Price: Avg: Metropolitan Region: Diesel data was reported at 1.113 USD/l th in 16 Sep 2022. This records an increase from the previous number of 1.103 USD/l th for 15 Sep 2022. Chile Fuel Price: Avg: Metropolitan Region: Diesel data is updated daily, averaging 0.604 USD/l th from Jan 2018 (Median) to 16 Sep 2022, with 1643 observations. The data reached an all-time high of 1.113 USD/l th in 16 Sep 2022 and a record low of 0.468 USD/l th in 18 Nov 2020. Chile Fuel Price: Avg: Metropolitan Region: Diesel data remains active status in CEIC and is reported by National Commission of Energy. The data is categorized under Global Database’s Chile – Table CL.P006: Liquid Fuel Domestic Price. [COVID-19-IMPACT]
On March 24, 2025, the Brent crude oil price stood at 73.05 U.S. dollars per barrel, compared to 69.11 U.S. dollars for WTI oil and 75.11 U.S. dollars for the OPEC basket. These were slight increases compared to the previous weeks, which had seen some of the lowest prices in four years.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 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 (whereby a contract is agreed upon, while the 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.
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Hong Kong SAR (China) Pump Price: Shell Fuel Save Diesel (SFSD) data was reported at 25.850 HKD/l in 24 Mar 2025. This stayed constant from the previous number of 25.850 HKD/l for 23 Mar 2025. Hong Kong SAR (China) Pump Price: Shell Fuel Save Diesel (SFSD) data is updated daily, averaging 21.200 HKD/l from Dec 2020 (Median) to 24 Mar 2025, with 1560 observations. The data reached an all-time high of 25.850 HKD/l in 24 Mar 2025 and a record low of 14.950 HKD/l in 29 Dec 2020. Hong Kong SAR (China) Pump Price: Shell Fuel Save Diesel (SFSD) data remains active status in CEIC and is reported by Shell Hong Kong Limited. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.P005: Shell Fuel: Pump Price. [COVID-19-IMPACT]
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.