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.

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.

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.

With crude oil prices slumping in the wake of the coronavirus, 2019 (COVID-19) pandemic, greenfield capital expenditure for conventional oil and gas fields worldwide is expected to fall to around 78 billion U.S. dollars in 2020. A month ago, before the severity of COVID-19 was fully understood and before Saudi Arabia decided to ramp up oil production, the value of projects reaching final investment decision was expected to amount to 209 billion U.S. dollars this year. 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 *** nominal U.S. dollars per million British thermal units (Btu) in October 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 2024. 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 2024, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

Colombia Gasoline Price: Montería data was reported at 16,112.000 COP/gal in 16 May 2025. This stayed constant from the previous number of 16,112.000 COP/gal for 15 May 2025. Colombia Gasoline Price: Montería data is updated daily, averaging 9,237.000 COP/gal from Jul 2011 (Median) to 16 May 2025, with 5069 observations. The data reached an all-time high of 16,112.000 COP/gal in 16 May 2025 and a record low of 7,399.170 COP/gal in 31 Mar 2016. Colombia Gasoline Price: Montería data remains active status in CEIC and is reported by Energy and Gas Regulation Commission. The data is categorized under Global Database’s Colombia – Table CO.P002: Gasoline Price: by City. [COVID-19-IMPACT]

Reference Price: Natural Gas data was reported at 13,815.930 TRY/1000 Std Cub m in 17 May 2025. This records an increase from the previous number of 13,539.320 TRY/1000 Std Cub m for 16 May 2025. Reference Price: Natural Gas data is updated daily, averaging 8,021.980 TRY/1000 Std Cub m from Sep 2018 (Median) to 17 May 2025, with 2451 observations. The data reached an all-time high of 26,297.000 TRY/1000 Std Cub m in 21 Sep 2022 and a record low of 1,204.860 TRY/1000 Std Cub m in 21 Feb 2021. Reference Price: Natural Gas data remains active status in CEIC and is reported by Energy Exchange Istanbul. The data is categorized under Global Database’s Turkey – Table TR.P: Natural Gas Reference Price. [COVID-19-IMPACT]

In 2018, global breathing appliances imports rose 15% and totaled $1.7B.

Learn about the various factors that affect the price of ammonia gas including supply and demand, production costs, and government regulations. Find out why changes in these factors can result in fluctuations in ammonia gas prices and how its use in industries such as fertilizers, chemicals, and pharmaceuticals impact its price. Discover the current average price of ammonia gas and how the COVID-19 pandemic has affected the global ammonia market.

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.

Fossil fuels have been extracted in France since the beginning of the 20th century, helping to secure the country's energy supply. Natural gas is still used in a wide range of industries, including the energy sector, industry sector and private households. However, fluctuating international gas prices and dwindling reserves put the industry under increasing pressure. The COVID-19 pandemic and the resulting sharp drop in demand for gas products led to a decline in prices until the trend reversed in 2021. The recovery of the European economy from the effects of the pandemic and the resumption of production activities by many companies led to a rapid increase in demand for fossil fuels in 2021. The beginning of the Russia-Ukraine war in February 2022 and the embargo on gas imports from Russia and Nord Stream supply cuts fuelled supply shortages, and gas prices rose again. As a result, the sales of French gas production companies increased. However, this effect waned in 2023 as supply shortages abated; revenue fell as gas prices dropped. However, prices are set to remain higher than most pre-pandemic years, stemming from elevated production levels and continuing consumer spending levels. Revenue is expected to climb at a compound annual rate of 12.1% over the five years through 2025 to reach €640.3 million, including an estimated increase of 7.8% in 2025. Prices are expected to recover in 2025 as global demand picks up. The global gas market will remain volatile as geopolitical tensions rise. To remain competitive in a volatile market, companies may need to adjust their pricing strategies frequently. This can lead to lower prices and reduce profitability, especially if costs remain fixed. Revenue is forecast to increase at a compound annual rate of 2.7% over the five years to 2030 to €730.5 million. An increased focus on AI-based and automated extraction methods to streamline operations could help companies optimise extraction processes to minimise their environmental impact and support their competitiveness. However, as the energy sector evolves and shifts to renewable energy, demand for natural gas, while still high, will decline, dampening revenue growth. The industry's production capacity is being constrained by dwindling reserves in France and a lack of new entrants.

United States Motor Gasoline Retail Price: All Grades: All Formulations data was reported at 319.000 0.01 USD/gal in 24 Nov 2025. This stayed constant from the previous number of 319.000 0.01 USD/gal for 17 Nov 2025. United States Motor Gasoline Retail Price: All Grades: All Formulations data is updated daily, averaging 255.700 0.01 USD/gal from Apr 1993 (Median) to 24 Nov 2025, with 1704 observations. The data reached an all-time high of 510.700 0.01 USD/gal in 13 Jun 2022 and a record low of 94.900 0.01 USD/gal in 22 Feb 1999. United States Motor Gasoline Retail Price: All Grades: All Formulations data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P: Motor Gasoline Retail Price. [COVID-19-IMPACT]

Data Set of the Manuscript Titled "A Modified Uncertain Maximum Likelihood Estimation with Applications in Uncertain Statistics"

Learn about the various factors that influence global ammonia prices such as supply and demand in the fertilizer market, natural gas prices, geopolitical events, and how the COVID-19 pandemic impacted prices. Discover the leading consumers of ammonia and the challenges of forecasting future prices.

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The floating liquefied natural gas market share is expected to increase by USD 4.68 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.12%.

This floating liquefied natural gas market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers floating liquefied natural gas market segmentations by processing capacity (large-scale capacity and small-scale capacity) and geography (North America, Europe, APAC, South America, and MEA). The floating liquefied natural gas market report also offers information on several market vendors, including Black & Veatch Holding Co., Eni Spa , Excelerate Energy LP, EXMAR NV, Golar LNG Ltd., Lloyds Energy DMCC, Petroliam Nasional Berhad , Royal Dutch Shell Plc, Samsung Heavy Industries Co. Ltd., and TechnipFMC Plc among others.

What will the Floating Liquefied Natural Gas Market Size be During the Forecast Period?

Download Report Sample to Unlock the Floating Liquefied Natural Gas Market Size for the Forecast Period and Other Important Statistics

Floating Liquefied Natural Gas Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rising global oil and gas consumption is notably driving the floating liquefied natural gas market growth, although factors such as fluctuations in oil and gas prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the floating liquefied natural gas industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Floating Liquefied Natural Gas Market Driver

Rising global oil and gas consumption is one of the key factors driving the growth of the global floating liquefied natural gas market. Liquid fuel consumption across the globe, especially in emerging economies such as India, China, and Brazil, is expected to grow, owing to the increasing demand for vehicles and a rise in the consumption of petrochemicals. For instance, according to the US Energy Information Administration (EIA), in 2019, the production of petroleum and other liquid fuels in Brazil averaged 3.7 million barrels per day (b/d). Similarly, natural gas consumption has also seen a rise in the last ten years. According to the US Energy Information Administration (EIA), global natural gas consumption increased significantly in 2019. Natural gas has witnessed a higher rise in consumption than oil due to the increasing adoption of natural gas as a fuel. Also, with the increased consumption of fuel from developing economies such as India and China, the demand for LNG is likely to propel during the forecast period, thereby increasing the demand for FLNG projects during the forecast period.

Key Floating Liquefied Natural Gas Market Trend

The rise in the number of deepwater and ultra-deepwater drilling projects will fuel the global floating liquefied natural gas market growth. As per the US Energy Information Administration, the oil shock resulted in the decline of crude oil prices in early 2020 due to the COVID-19 pandemic, which was one of the lowest since 2003. Also, the prices of the rigs were reduced due to the fewer number of ongoing projects in the oil and gas industry. Sensing profit through low rig rates, some companies are resuming their offshore projects. FLNG vessels provide the advantages of reduced investments and earlier cash flow compared with fixed platforms. The advantages of FLNG vessels make them ideal for offshore activities. Deepwater and ultra-deepwater projects are also far from the mainland; hence, laying an extensive oil and gas pipeline network to transfer the produced hydrocarbons to onshore facilities is too costly. Therefore, FLNG vessels are economical for deepwater and ultra-deepwater projects, as these vessels can treat, liquefy, and store the natural gas extracted from offshore fields. Operators sell the LNG directly from the vessel and generate revenues. Advances in technology allowed exploring gas reserves that were initially uneconomical. This is likely to drive the global FLNG market during the forecast period.

Key Floating Liquefied Natural Gas Market Challenge

Fluctuations in oil and gas prices are major challenges for the global floating liquefied natural gas market growth. The continued trend of low crude oil prices has put additional pressure on the oil and gas service providers. Low-profit margins for a continued period result in reduced revenues, which directly influence the financial aspect of a company. The market potential for oil and gas service businesses has declined due to the low investments in oil and gas projects. As t

SOURCECommunity Research Quarterly gasoline price survey.NOTEFigures reflect prices shown on the gasoline pumps.Starting March 2020 data could show fluctuations due to the COVID-19 pandemic, State of Alaska mandates, shutdowns and supply chain interruptions.Data are single day averages across multiple stations.Data subject to revision.

Saudi Arabia Fuel Prices: Retail: Gasoline 91 data was reported at 2.180 SAR/l in Apr 2025. This stayed constant from the previous number of 2.180 SAR/l for Mar 2025. Saudi Arabia Fuel Prices: Retail: Gasoline 91 data is updated monthly, averaging 2.180 SAR/l from Jul 2020 (Median) to Apr 2025, with 58 observations. The data reached an all-time high of 2.180 SAR/l in Apr 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]

Learn about the different factors that can affect the price of methanol per gallon, including natural gas prices, supply and demand, and market conditions. The article also discusses global trends and the impact of Covid-19 on methanol prices.

This study investigates the relationship between consumer sentiment (CONS), inflation expectations (INEX) and international energy prices, drawing on principles from behavioral. We focus on Brent crude oil price and Henry Hub natural gas prices as key indicators of energy market dynamics. Based on the monthly data from January 2003 to March 2023, three wavelet methods are applied to examine the time-frequency linkage, while the nonlinear distributed lag model (NARDL) is used to verify the asymmetric impact of two factors on energy prices. The results highlight a substantial connection between consumer sentiment, inflation expectations and international energy prices, with the former in the short term and the latter in the medium to long term. Especially, these correlations are particularly pronounced during the financial crisis and global health emergencies, such as the COVID-19 epidemic. Furthermore, we detect short-term asymmetric effects of consumer sentiment and inflation expectations on Brent crude oil price, with the negative shocks dominating. The positive effects of these factors on oil prices contribute to observed long-term asymmetry. In contrast, inflation expectations have short-term and long-run asymmetric effects on natural gas price, and both are dominated by reverse shocks, while the impact of consumer sentiment on natural gas prices appears to be less asymmetric. This study could enrich current theories on the interaction between the international energy market and serve as a supplement to current literature.