Graph and download economic data for Average Price: Gasoline, Unleaded Premium (Cost per Gallon/3.785 Liters) in Detroit-Warren-Dearborn, MI (CBSA) (APUS23B74716) from Sep 1981 to May 2025 about Detroit, energy, gas, MI, urban, retail, price, 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.

U.S. gasoline prices changed little in June 2025 when compared to the month before. Regular gasoline prices remained at an average of 3.15 U.S. dollars per gallon. In the period of consideration, gasoline prices reached their highest level in June 2022. Differences in fuel grades Fuel grades at U.S. gas stations are differentiated by octane level. Higher grade fuels have higher octane levels, meaning that the fuel can be compressed more in the engine. This enables high-performance engines to create more power. Fuel may also vary from state to state and pump to pump. Some cities also have regulations on gasoline in order to improve air quality. Bioethanol is added to gasoline in some cases to meet the renewable fuel standard. Gasoline-run engines are able to run on blends with a bioethanol percentage of up to 25 percent. Gasoline prices reach historic high Primarily a result of the Russia-Ukraine war and inflation, the annual retail price of gasoline reached a new historic high in 2022, climbing to nearly four U.S. dollars per gallon. By 2024, annual prices had decreased again slightly, reaching 2014 levels.

Natural Gas: Average Commercial Price: Michigan data was reported at 8.810 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 8.540 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Michigan data is updated monthly, averaging 7.440 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 14.440 USD/1000 Cub ft in Aug 2022 and a record low of 4.280 USD/1000 Cub ft in Mar 1995. Natural Gas: Average Commercial Price: Michigan 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.P012: Natural Gas Prices.

In May 2025, one gallon of diesel cost an average of 3.5 U.S. dollars in the United States. That was a decrease compared to the month prior, and also lower than prices in May 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 in 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.

Retail residential electricity prices in the United States have mostly risen over the last decades. In 2023, prices registered a year-over-year growth of 6.3 percent, the highest growth registered since the beginning of the century. Residential prices are projected to continue to grow by two percent in 2024. Drivers of electricity price growth The price of electricity is partially dependent on the various energy sources used for generation, such as coal, gas, oil, renewable energy, or nuclear. In the U.S., electricity prices are highly connected to natural gas prices. As the commodity is exposed to international markets that pay a higher rate, U.S. prices are also expected to rise, as it has been witnessed during the energy crisis in 2022. Electricity demand is also expected to increase, especially in regions that will likely require more heating or cooling as climate change impacts progress, driving up electricity prices. Which states pay the most for electricity? Electricity prices can vary greatly depending on both state and region. Hawaii has the highest electricity prices in the U.S., at roughly 43 U.S. cents per kilowatt-hour as of May 2023, due to the high costs of crude oil used to fuel the state’s electricity. In comparison, Idaho has one of the lowest retail rates. Much of the state’s energy is generated from hydroelectricity, which requires virtually no fuel. In addition, construction costs can be spread out over decades.

An economic analysis of producing Fischer–Tropsch (FT) liquid fuel such as diesel from crop residue is presented. The process is thermochemical based involving fast pyrolysis and autothermal reforming (ATR) followed by FT synthesis. A spreadsheet for estimating economics is presented, which is simple to use and transparent in its input parameters and its output. Plant sizes of 2000, 10 000, and 35 000 dry metric tons (t) per day were calculated at 8% return on capital to require sales prices (exclusive of tax) of $3.30, $2.40, and $2.06 per gallon (gal), respectively. U.S. tax would add another ∼$0.50/gallon. A biomass feed stock cost of $61.20/dry t was assumed. Capital cost for the 2000 dry t/day plant is estimated to be $M231. These estimates, of course, must be regarded as rough, but they suggest that even without the benefit of imposed regulations liquid fuel derived from biomass could be competitive at current price levels. Sale of char produced in the pyrolysis step for soil amendment as a byproduct at $500/t, had a significantly favorable impact on the economics, reducing diesel price by $0.35/gal. Like the heavy influence of the cost of crude oil on current fuel price, the cost of biomass is the largest single contributor to the final price of biomass derived fuel and becomes more so as plant capacity increases. This suggests the need to improve methods of biomass gathering and delivery. For each $10/dry t increase in the price of biomass the sales price of the FT fuel is estimated to increase by $0.20/gal. It is estimated that pyrolyzer collectives 25 miles square (mi2) on a side would reduce diesel price by $0.12/gal, as compared to those 14 mi2 on a side.