In February 2025, crude oil accounted for a 58 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 49 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.

Gasoline fell to 2.11 USD/Gal on August 1, 2025, down 2.93% from the previous day. Over the past month, Gasoline's price has fallen 0.36%, and is down 9.53% compared to the same time last year, 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 August of 2025.

In the United States, the cost of electricity generation from natural gas in 2024 recovered from a high of **** U.S. dollars per million British thermal units recorded in 2022. In Q1 2025, the price stood at *** U.S. dollars per million British thermal units.

In general, producing hydrogen from natural gas using carbon capture utilization and storage (CCUS) was more expensive than the traditional production method. As of 2018, the European cost for natural gas in hydrogen production using CCUS amounted to 1.34 U.S. dollars per kilogram, compared to production costs of 1.22 U.S. dollars per kilogram without using CCUS.

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US Gasoline Market Size 2023-2027

The US gasoline market size is forecast to decrease by -258 mn L, at a CAGR of -4.18% between 2022 and 2027.

The Gasoline Market in the US is driven by the increasing number of automobiles and the rise in oil and gas production. These factors contribute to the market's growth, as the demand for gasoline continues to escalate. However, the market faces challenges due to the fluctuation in prices of gasoline. This volatility can significantly impact market dynamics, making it essential for companies to navigate these price swings effectively. The oil industry's production levels, geopolitical tensions, and economic conditions are key factors influencing gasoline prices.
To capitalize on market opportunities and mitigate challenges, companies must adopt strategic initiatives such as price differentiation, supply chain optimization, and innovation in fuel efficiency technologies. By staying agile and responsive to market trends and price fluctuations, market participants can effectively position themselves for long-term success in the Gasoline Market.

What will be the size of the US Gasoline Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2017-2021 and forecasts 2023-2027 - in the full report.
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The gasoline market in the US is influenced by various factors, including the composition of gasoline, energy policy impact, fuel additives chemistry, and fuel demand forecasting. The refining process of crude oil plays a significant role in producing high-quality gasoline that meets consumer preferences and regulatory requirements. Gasoline pricing models are shaped by the cost of crude oil, production process, and fuel market analysis. Fuel blending technology and gasoline quality assurance are crucial in optimizing engine performance and reducing emissions. Innovations in engine performance optimization and emissions reduction technologies continue to shape the gasoline industry. Fuel efficiency optimization and fuel policy analysis are essential in assessing the environmental impact of gasoline use.
The future of gasoline involves research into fuel alternatives, such as renewable fuels, and the development of new testing methods for fuel quality assessment. The use of fuel additives and their chemistry plays a vital role in enhancing fuel performance and reducing emissions. The gasoline industry remains dynamic, with ongoing efforts to improve fuel production processes and respond to changing consumer preferences and regulatory requirements.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD mn L' for the period 2023-2027, as well as historical data from 2017-2021 for the following segments.

Type

  Regular
  Premium


End-user

  Transportation
  Power generation
  Others


Geography

  North America

    US

By Type Insights

The regular segment is estimated to witness significant growth during the forecast period.

The US gasoline market is a significant sector within the global energy industry, shaped by various factors including consumer behavior, climate change, and technological advancements. Regular gasoline, a hydrocarbon mixture derived from crude oil, is the most commonly used fuel for standard internal combustion engines. It typically contains around 10% ethanol for octane enhancement, with an octane rating of 87 or 88. Higher-performance engines may require higher-octane fuels to prevent engine damage from knocking or pinging. The petroleum industry's refining process produces regular gasoline, which is distributed through an extensive pipeline infrastructure to retailers. Gasoline retailing involves marketing and selling the fuel to consumers, with prices influenced by factors such as crude oil prices, taxes, and regional variations.

Government regulations play a crucial role in the gasoline market, with emissions standards and fuel efficiency requirements driving innovation in fuel technology. Alternative fuels, such as ethanol blends, renewable fuels, and electric vehicles, are gaining popularity due to their environmental benefits and potential to reduce carbon emissions. Fuel efficiency standards, such as Corporate Average Fuel Economy (CAFE) regulations, have led to advancements in engine performance and fuel economy. Fuel additives, including biofuel additives and octane enhancers, are used to improve fuel quality and performance. Geopolitical influences and fuel volatility can impact the gasoline market, with supply chain disruptions and price fluctuations affecting both domestic and international markets.

The energy sector's transition towards sustainable fuels and decarbonization is also shaping the future of the gasoline market. Regular gasoline remains widely available and a

Equinor SAS is the oil and gas company with the lowest production costs for operations in the United States at **** dollars per barrel of oil equivalent. The Norwegian company was followed by Comstock resources at **** U.S. dollars per barrel of oil equivalent. In 2023, the U.S. oil and gas industry had revenues of *** billion U.S. dollars.

Russia Structure of Retail Price: Gasoline: AI-92 (AI-93): Total Production Cost data was reported at 49.200 % in 2017. This records an increase from the previous number of 46.260 % for 2016. Russia Structure of Retail Price: Gasoline: AI-92 (AI-93): Total Production Cost data is updated yearly, averaging 48.755 % from Dec 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 55.520 % in 2012 and a record low of 43.340 % in 2010. Russia Structure of Retail Price: Gasoline: AI-92 (AI-93): Total Production Cost data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PF002: Structure of Retail Price: Non Food Products: Annual.

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Gasoline As A Fuel Market Size 2025-2029

The gasoline as a fuel market size is forecast to increase by USD 131.6 billion, at a CAGR of 1.4% between 2024 and 2029.

The market is experiencing significant growth due to the increasing number of automobiles worldwide and the rising utilization of portable gasoline generators. The automotive sector's expansion is driven by population growth, urbanization, and increasing disposable income in developing economies. Moreover, the demand for portable gasoline generators is surging due to power outages and the need for backup power sources in both residential and commercial applications. However, the market faces challenges from the volatility in global crude oil prices, which directly impacts the cost of gasoline production and, consequently, its price for end-users. This price instability can hinder market growth and create uncertainty for businesses operating in the sector. To navigate these challenges, companies must focus on optimizing their production processes, exploring alternative fuel sources, and implementing pricing strategies that insulate them from price fluctuations. By staying agile and responsive to market trends, these organizations can capitalize on the growing demand for gasoline as a fuel and maintain a competitive edge.

What will be the Size of the Gasoline As A Fuel Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe fuel distribution market is an intricately woven web of dynamic and evolving market activities. This complex ecosystem encompasses various sectors, including the aviation industry, oil consumption, and the fuel refining market. The ongoing unfolding of market patterns is shaped by a multitude of factors, such as ISO and emissions standards, fuel transportation, and gasoline refining. In the realm of fuel distribution, the application of advanced gasoline engine technology and the emergence of alternative fuels like hydrogen and renewables are reshaping the landscape. The fuel additives market plays a crucial role in enhancing fuel quality and optimizing fuel economy. The transportation sector, particularly the marine industry, relies heavily on fuel distribution, necessitating stringent fuel quality control and fuel stability. The aviation industry's reliance on jet fuel and the oil consumption patterns of various sectors contribute significantly to global oil demand. The fuel retail market, in turn, is influenced by gasoline pricing and energy security concerns. The fuel distribution market's continuous evolution is further fueled by advancements in fuel system design, such as fuel injection systems and compression ignition engines, and the emergence of electric vehicles and fuel cell vehicles. Geopolitical factors and crude oil processing also impact the fuel distribution market, as does the carbon footprint of traditional fuels and the push towards sustainable fuels. The fuel distribution market's intricate nature is further accentuated by the interplay of various market entities, including fuel pumps, fuel tankers, fuel filters, and fuel management systems. The ongoing quest for fuel efficiency and reduced greenhouse gas emissions continues to drive innovation and growth in the fuel distribution sector.

How is this Gasoline As A Fuel Industry segmented?

The gasoline as a fuel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationPassenger vehiclesCommercial vehiclesSmall enginesMarine enginesDistribution ChannelFuel stationsDirect supply to fleetsOnline fuel delivery servicesGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKMiddle East and AfricaUAEAPACChinaIndiaJapanSouth AmericaBrazilRest of World (ROW)

By Application Insights

The passenger vehicles segment is estimated to witness significant growth during the forecast period.The market is marked by the extensive use of gasoline in the passenger vehicles segment. This segment comprises various types of vehicles such as sedans, hatchbacks, SUVs, and crossovers, all relying on gasoline as their primary fuel source. The segment's prominence is attributed to several factors, including the extensive gasoline infrastructure, consumer preferences, and technological advancements in gasoline engines that boost performance and efficiency. Furthermore, the segment benefits from the well-established supply chain and distribution networks that ensure a consistent gasoline supply, enabling the uninterrupted operation of passenger vehicles. Gasoline engines, both compression ignition and spark ignition, dominate the transportation sector, accounting for a significant portion of greenhouse ga

Saudi Arabia: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 1.72 percent, an increase from 1.28 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Saudi Arabia from 1970 to 2021 is 0.71 percent. The minimum value, 0.04 percent, was reached in 1974 while the maximum of 1.72 percent was recorded in 2021.

China IE: Selling & Distribution Cost: Year to Date: YoY: Gas Production & Supply data was reported at -0.900 % in Mar 2025. This records an increase from the previous number of -1.800 % for Feb 2025. China IE: Selling & Distribution Cost: Year to Date: YoY: Gas Production & Supply data is updated monthly, averaging 10.050 % from Jan 2006 (Median) to Mar 2025, with 202 observations. The data reached an all-time high of 38.290 % in Feb 2008 and a record low of -7.100 % in Apr 2022. China IE: Selling & Distribution Cost: Year to Date: YoY: Gas Production & Supply data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BJ: Gas Production and Supply.

Graph and download economic data for Unit Labor Costs for Manufacturing: Petroleum Refineries (NAICS 324110) in the United States (IPUEN324110U100000000) from 1987 to 2021 about refineries, petroleum, unit labor cost, NAICS, IP, manufacturing, and USA.

China Gas Production & Supply: Cost of Sales data was reported at 1,908,020.000 RMB mn in 2024. This records an increase from the previous number of 1,717,159.000 RMB mn for 2023. China Gas Production & Supply: Cost of Sales data is updated yearly, averaging 238,184.358 RMB mn from Dec 1997 (Median) to 2024, with 28 observations. The data reached an all-time high of 1,908,020.000 RMB mn in 2024 and a record low of 12,565.000 RMB mn in 1997. China Gas Production & Supply: Cost of Sales data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Utility Sector – Table CN.RCC: Financial Data: Gas Production and Supply.

Crude oil is the greatest cost component determining diesel retail prices in the United States. In February 2025, 49 percent of the diesel retail price was set by crude oil costs. That month, one gallon of diesel sold for an average of 3.68 U.S. dollars. U.S. diesel prices have generally stagnated in early 2025. Fuel consumption remains high despite higher prices Diesel and gasoline prices have experienced significant fluctuations over the past decades. In 2024, the average gasoline price stood at 3.3 U.S. dollars per gallon, a decrease from the 2022 peak but still higher than early 2000s levels. Despite these changes, U.S. gasoline consumption has remained high, averaging around 8.5 million barrels per day in 2024, with seasonal variations affecting demand. Tax impact on fuel costs across states Taxes play a significant role in determining fuel prices, with state-level differences creating notable price variations across the country. As of 2023, the average state tax for gasoline was 30.5 U.S. cents per gallon, while diesel faced a slightly higher average tax of 33.15 U.S. cents. These taxes contribute to the overall retail price and are often reinvested in road infrastructure. California, for instance, imposes some of the highest gasoline taxes in the country, reaching 68.1 U.S. cents per gallon in January 2024, which significantly impacts the state's fuel prices.

Liquefied Natural Gas (LNG): Production Cost: Sichuan data was reported at 3,813.500 RMB/Ton in 09 May 2025. This stayed constant from the previous number of 3,813.500 RMB/Ton for 02 May 2025. Liquefied Natural Gas (LNG): Production Cost: Sichuan data is updated daily, averaging 3,552.500 RMB/Ton from Aug 2019 (Median) to 09 May 2025, with 296 observations. The data reached an all-time high of 6,551.100 RMB/Ton in 20 May 2022 and a record low of 2,697.000 RMB/Ton in 30 Oct 2020. Liquefied Natural Gas (LNG): Production Cost: Sichuan data remains active status in CEIC and is reported by Shandong Longzhong Information Technology Co., Ltd.. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBP: Liquefied Natural Gas (LNG): Cost and Benefit.

Japan Oil Product Retail Price: Premium Gasoline: Okinawa data was reported at 166.100 JPY/l in 23 Jul 2018. This records a decrease from the previous number of 166.700 JPY/l for 16 Jul 2018. Japan Oil Product Retail Price: Premium Gasoline: Okinawa data is updated weekly, averaging 151.000 JPY/l from May 2009 (Median) to 23 Jul 2018, with 471 observations. The data reached an all-time high of 179.200 JPY/l in 21 Jul 2014 and a record low of 125.300 JPY/l in 01 Feb 2016. Japan Oil Product Retail Price: Premium Gasoline: Okinawa data remains active status in CEIC and is reported by Agency for Natural Resources and Energy. The data is categorized under Global Database’s Japan – Table JP.P004: Oil Product Retail Price: Weekly.

United States Natural Gas: Spot Price: Henry Hub-I data was reported at 3.260 USD/MN BTU in 05 May 2025. This records an increase from the previous number of 3.100 USD/MN BTU for 02 May 2025. United States Natural Gas: Spot Price: Henry Hub-I data is updated daily, averaging 2.930 USD/MN BTU from Jan 1997 (Median) to 05 May 2025, with 7145 observations. The data reached an all-time high of 23.860 USD/MN BTU in 17 Feb 2021 and a record low of 1.210 USD/MN BTU in 11 Nov 2024. United States Natural Gas: Spot Price: Henry Hub-I data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under World Trend Plus’s Commodity Market – Table US.P026: Petroleum Spot Price: Energy Information Administration. Previously named as Henry Hub Released once a week (every Wednesday) with data from Wednesday to Friday of the previous week up to Tuesday of the current week. If Wednesday falls on a holiday, the data will be released on the next business day. Price spike on Feb 11 to 18, 2021 data was caused by the effect of decline in natural gas production brought about by the cold wave experienced during the month. Price spike on Jan 12, 2024 data was caused by the anticipation of increased natural gas consumption because of the weather forecast for well-below-normal temperatures for most of the United States over the long weekend. [COVID-19-IMPACT]

Motor gasoline cost from a complete 30,000 barrels per stream day high-temperature coal-hydrogenation plant located at Rock Springs, Wyoming and using Rock Springs bed coal is 33.5 cents per gallon based on January 1951 prices and NPC economics. Total plant investment on the same basis is 410,900,000. An approximated price for March 1954 is 38.4 cents per gallon. The comparable January 1951 price and investment for a Bergius modernized coal-hydrogenation plant are 37.4 cents per gallon and 464,490,000. The independent economic effect is presented in graphical form in figures 10 through 15 for the following variables: 1. Cost of hydrogenation convertors. 2. Quantity of recycle gas used. 3. Percent of coal that remains unconverted to gasoline plus gas. 4. Percent of coal converted of gasoline at a constant level of carbon conversion to gasoline plus gas. 5. Quantity of ammonium molybate catalyst used. The gasoline conversion is the most important variable from an economic standpoint. An increase in gas production not only reduces the yield of the premium product, gasoline, but increases appreciably the quantity of hydrogen consumed. The combined economic effect is presented in nomograph form in figure 16 for four of the above variables.

CN: IE: Cost of Sales: ytd: Gas Production & Supply data was reported at 590.920 RMB bn in Mar 2025. This records an increase from the previous number of 399.090 RMB bn for Feb 2025. CN: IE: Cost of Sales: ytd: Gas Production & Supply data is updated monthly, averaging 187.622 RMB bn from Dec 1998 (Median) to Mar 2025, with 248 observations. The data reached an all-time high of 1,908.020 RMB bn in Dec 2024 and a record low of 5.870 RMB bn in Feb 2003. CN: IE: Cost of Sales: ytd: Gas Production & Supply data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Utility Sector – Table CN.RCC: Financial Data: Gas Production and Supply. Starting from 2019, cost of sales includes cost from principal and other business.

Japan Oil Product Retail Price: Regular Gasoline: Okinawa data was reported at 155.000 JPY/l in 10 Dec 2018. This records a decrease from the previous number of 156.800 JPY/l for 03 Dec 2018. Japan Oil Product Retail Price: Regular Gasoline: Okinawa data is updated weekly, averaging 142.000 JPY/l from May 2009 (Median) to 10 Dec 2018, with 491 observations. The data reached an all-time high of 168.900 JPY/l in 21 Jul 2014 and a record low of 114.700 JPY/l in 01 Feb 2016. Japan Oil Product Retail Price: Regular Gasoline: Okinawa data remains active status in CEIC and is reported by Agency for Natural Resources and Energy. The data is categorized under Global Database’s Japan – Table JP.P013: Oil Product Retail Price: Weekly.