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.
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.
This statistic shows the change in the price of gasoline per liter in selected countries for the period between June 2019 and June 2020. The price changes concern unleaded premium (95 RON) for France, Germany, Italy, Spain, and the United Kingdom, and regular unleaded for Canada, Japan, and the United States (AKI 87). RON stands for Research Octane Number, while AKI means Anti-Knock Index. Both represent the most common octane rating in the countries shown. In June 2020, the gasoline price per liter in the U.S. was 23.4 percent lower than it was in June 2019.
Influences on gasoline prices
The price of gasoline is a frequently discussed issue, and is a part of almost everybody’s life in developed countries. Gasoline prices worldwide are dependent of a number of factors: crude oil prices, costs for processing and distribution, demand, strength of currencies, taxation, and availability. The most influential factor is the crude oil price. This price includes the costs for exploration, extraction, and transport. What the consumer pays in the end is also an issue of national oil pricing policy. Typical regions with high taxes on gasoline are European countries and Japan. Other countries keep consumer prices low by subsidizing the costs for gasoline. Among latter countries are the United States, Saudi Arabia, Iran, Venezuela, Egypt, Malaysia, Bolivia, and others. There are many other factors, however, which directly influence the price of gasoline. Wars, crises, and natural disasters in oil producing regions, for example, can obstruct the production and transportation, and thus cause higher crude oil prices. Last but not least, the end-consumer defines the price through his or her demand. A higher number of people driving cars means higher prices for gasoline, which is often the case in the summer months or holiday seasons.
In August 2024, crude oil accounted for a 55 percent share of the retail cost of gasoline in the United States. Crude oil costs are the greatest determining factor for petroleum product prices such as gasoline. This is also reflected in the U.S. diesel price breakdown, with crude oil making up 50 percent of the retail price that same month. U.S. gasoline cost breakdown The end price that consumers pay for gasoline in the U.S. is made up of several different components. The weighting of these different costs in the end price of gasoline is also very dynamic depending on the market. In April 2020, just 25 percent of the cost of one U.S. gallon of gasoline was from the cost of crude oil as a result of the 2020 oil crisis. Other cost components are those associated with refining, distribution and marketing, and taxes. Residents in California pay the highest gasoline taxes out of all U.S. states, at 68.1 cents per gallon as of January 2024. U.S. gasoline prices Since 1980, U.S. gasoline prices have fluctuated greatly, usually reflecting the volatile nature of crude oil prices. The U.S. has some of the lowest unleaded premium prices in the world. When looking at the real U.S. gasoline price to end users, figures amounted to 1.24 real U.S. dollars per gallon in 2023. This ‘real’ U.S. dollars figure refers to the purchasing power of one U.S. dollar relative to the period of time between 1982 and 1984.
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Gasoline increased 0.22 USD/GAL or 10.89% since the beginning of 2025, 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 March of 2025.
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Gasoline Prices in Sudan remained unchanged at 1.05 USD/Liter in February. This dataset provides - Sudan Gasoline Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.
U.S. gasoline prices increased across all major grades in February 2025. Regular gasoline prices rose to an average of 3.12 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 2023, annual prices had decreased again slightly, reaching 2013 levels.
Cost of unleaded petrol (ULSP) and unleaded diesel (ULSD) in the UK as at Monday 16 November 2020.
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Graph and download economic data for Average Price: Gasoline, Unleaded Regular (Cost per Gallon/3.785 Liters) in U.S. City Average (APU000074714) from Jan 1976 to Feb 2025 about energy, gas, retail, price, and USA.
Energy production and consumption statistics are provided in total and by fuel and provide an analysis of the latest 3 months data compared to the same period a year earlier. Energy price statistics cover domestic price indices, prices of road fuels and petroleum products and comparisons of international road fuel prices.
Highlights for the 3 month period January 2020 to March 2020, compared to the same period a year earlier include:
*Major Power Producers (MPPs) data published monthly, all generating companies data published quarterly.
Highlights for May 2020 compared to April 2020:
Lead statistician Warren Evans, Tel 0300 068 5059
Press enquiries, Tel 020 7215 1000
Statistics on monthly production and consumption of coal, electricity, gas, oil and total energy include data for the UK for the period up to the end of March 2020.
Statistics on average temperatures, wind speeds, sun hours and rainfall include data for the UK for the period up to the end of April 2020.
Statistics on energy prices include retail price data for the UK for April 2020, and petrol & diesel data for May 2020, with EU comparative data for April 2020.
The next release of provisional monthly energy statistics will take place on 25 June 2020.
To access the data tables associated with this release please click on the relevant subject link(s) below. For further information please use the contact details provided.
Please note that the links below will always direct you to the latest data tables. If you are interested in historical data tables please contact BEIS (kevin.harris@beis.gov.uk)
Subject and table number | Energy production and consumption, and weather data |
---|---|
Total Energy | Contact: Energy statistics, Tel: 0300 068 5041 |
ET 1.1 | Indigenous production of primary fuels |
ET 1.2 | Inland energy consumption: primary fuel input basis |
Coal | Contact: "mailto:coalstatistics@beis.gov.uk" class="govuk-link">Coal st |
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Gasoline Prices in Russia increased to 0.69 USD/Liter in February from 0.62 USD/Liter in January of 2025. This dataset provides the latest reported value for - Russia Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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Graph and download economic data for Average Price: Gasoline, All Types (Cost per Gallon/3.785 Liters) in Atlanta-Sandy Springs-Roswell, GA (CBSA) (APUS35C7471A) from Jan 1978 to Feb 2025 about Atlanta, energy, gas, GA, urban, retail, price, and USA.
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Gasoline Prices in Germany increased to 1.90 USD/Liter in February from 1.87 USD/Liter in January of 2025. This dataset provides the latest reported value for - Germany Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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China Retail Price: Gasoline, Number 92: For Vehicle data was reported at 7.500 RMB/l in Dec 2024. This records a decrease from the previous number of 7.530 RMB/l for Nov 2024. China Retail Price: Gasoline, Number 92: For Vehicle data is updated monthly, averaging 7.540 RMB/l from Jul 2019 (Median) to Dec 2024, with 66 observations. The data reached an all-time high of 9.050 RMB/l in Jun 2022 and a record low of 5.480 RMB/l in Apr 2020. China Retail Price: Gasoline, Number 92: For Vehicle data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PH: Gasoline Price: For Vehicle: Retail: Province.
Alaska's Division of Community and Regional Affairs (DCRA) first began surveying heating fuel and gasoline prices in Alaskan communities in 2005 to inform the administration and policymakers about actual energy costs across the state. The same 100 communities have been surveyed since the project's inception. The fuel survey is now consistently executed twice per year - in January and in July. The Alaska Fuel Price Report provides summary information about current fuel prices across Alaska, comparisons of historical fuel prices in the surveyed communities versus the national average, time lapse maps displaying longitudinal changes in regional fuel prices, and interactive maps that contain longitudinal fuel price data. Since the initial report in 2005, DCRA has conducted 29 surveys to obtain heating fuel and gasoline prices from 100 selected Alaskan communities.
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Belgium Fuel Price: Avg: incl VAT: Gasoline: Super 95 E5 data was reported at 1.672 EUR/l in Mar 2025. This records a decrease from the previous number of 1.711 EUR/l for Feb 2025. Belgium Fuel Price: Avg: incl VAT: Gasoline: Super 95 E5 data is updated monthly, averaging 1.520 EUR/l from Jan 2014 (Median) to Mar 2025, with 135 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.
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Belgium Fuel Price: Avg: incl VAT: Gasoline: Super Plus 98 E10 data was reported at 1.738 EUR/l in Mar 2025. This records a decrease from the previous number of 1.768 EUR/l for Feb 2025. Belgium Fuel Price: Avg: incl VAT: Gasoline: Super Plus 98 E10 data is updated monthly, averaging 1.559 EUR/l from Jun 2014 (Median) to Mar 2025, with 130 observations. The data reached an all-time high of 2.325 EUR/l in Jun 2022 and a record low of 1.231 EUR/l in Apr 2020. Belgium Fuel Price: Avg: incl VAT: Gasoline: Super Plus 98 E10 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.
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Brazil BR: Wholesale Fuel Price: Gasoline: Average data was reported at 3.776 BRL/l in Aug 2020. This records an increase from the previous number of 3.691 BRL/l for Jul 2020. Brazil BR: Wholesale Fuel Price: Gasoline: Average data is updated monthly, averaging 2.275 BRL/l from Jul 2001 (Median) to Aug 2020, with 230 observations. The data reached an all-time high of 4.267 BRL/l in Oct 2018 and a record low of 1.296 BRL/l in Feb 2002. Brazil BR: Wholesale Fuel Price: Gasoline: Average 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.
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Natural gas increased 0.21 USD/MMBtu or 5.84% since the beginning of 2025, 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 March of 2025.
In February 2025, one gallon of diesel cost an average of 3.68 U.S. dollars in the United States. That was an increase compared to two months prior, which was the lowest price in the past 24-month period. 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.
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.