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.

Gasoline fell to 2.10 USD/Gal on July 23, 2025, down 0.37% from the previous day. Over the past month, Gasoline's price has fallen 0.23%, and is down 13.96% 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 July of 2025.

Trinidad and Tobago TT: Pump Price for Gasoline: USD per Liter data was reported at 0.540 USD in 2016. This records an increase from the previous number of 0.360 USD for 2008. Trinidad and Tobago TT: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 0.390 USD from Dec 1998 (Median) to 2016, with 7 observations. The data reached an all-time high of 0.540 USD in 2016 and a record low of 0.350 USD in 2004. Trinidad and Tobago TT: Pump Price for Gasoline: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

This statistic shows the average prices of diesel fuel in Romania from 2008 to 2021 in euros per liter. It outlines that the average price of diesel fuel peaked in 2014 at **** euros per liter but decreased again in the following years to **** euros per liter in 2021. A monthly evolution of the diesel prices in Romania provides with an even clearer overview of the situation. In other words, diesel prices peaked in October 2018 at *** British pence per liter, and slowly started a decreasing trend, amounting to **** British pence per liter by March 2021.

Oil industry

Romania is known for its substantial oil refinery capacity and was considered to be the most important European producer of oil in World War II. In 2019, OMV Petrom S.A. was the leading company in the oil industry in the country, with a turnover worth **** billion Romanian lei and a net profit of more that *** billion Romanian lei. At the same time, the company had approximately **** thousand employees by 2018.

Natural gas

When it comes to natural gas reserves, in 2009 Romania ranked 30th among countries with proved reserves of natural gas and has a gas network of more than ** thousand kilometers. In the middle of the 20th century, Romania was the first natural gas exporter in Europe, and starting with the late 70s, it began importing gas from the Soviet Union. As for natural gas consumption, it peaked in 2005 at **** billion cubic meters, and later dropped to **** billion cubic meters by 2019.

United States Motor Gasoline Price: Premium: EIA: Resale: DTW data was reported at 2.663 USD/gal in Apr 2018. This records an increase from the previous number of 2.523 USD/gal for Mar 2018. United States Motor Gasoline Price: Premium: EIA: Resale: DTW data is updated monthly, averaging 1.970 USD/gal from Jan 1994 (Median) to Apr 2018, with 267 observations. The data reached an all-time high of 3.778 USD/gal in Jun 2008 and a record low of 0.675 USD/gal in Feb 1999. United States Motor Gasoline Price: Premium: EIA: Resale: DTW data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P002: Energy Price.

Uzbekistan UZ: Pump Price for Gasoline: USD per Liter data was reported at 1.030 USD in 2016. This records an increase from the previous number of 1.020 USD for 2014. Uzbekistan UZ: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 0.850 USD from Dec 1995 (Median) to 2016, with 11 observations. The data reached an all-time high of 1.350 USD in 2008 and a record low of 0.110 USD in 1998. Uzbekistan UZ: Pump Price for Gasoline: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Uzbekistan – Table UZ.World Bank: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of June. This would be lower than the 2024 average, which amounted to ***** U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

United States Motor Gasoline Price: All Grades: EIA: End User: Retail Outlets data was reported at 2.320 USD/gal in Apr 2018. This records an increase from the previous number of 2.162 USD/gal for Mar 2018. United States Motor Gasoline Price: All Grades: EIA: End User: Retail Outlets data is updated monthly, averaging 1.003 USD/gal from Jan 1983 (Median) to Apr 2018, with 424 observations. The data reached an all-time high of 3.582 USD/gal in Jun 2008 and a record low of 0.539 USD/gal in Nov 1986. United States Motor Gasoline Price: All Grades: EIA: End User: Retail Outlets data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P002: Energy Price.

The prices of fossil fuels increased considerably in 2022 as a result of supply disruptions and rising energy demand. While the crude oil price in 2022 did not reach the levels of the 1979 or 2008 price shocks, natural gas prices rose to record highs.

United States Motor Gasoline Price: Premium: EIA: Resale: Bulk data was reported at 2.189 USD/gal in Apr 2018. This records an increase from the previous number of 2.013 USD/gal for Mar 2018. United States Motor Gasoline Price: Premium: EIA: Resale: Bulk data is updated monthly, averaging 1.526 USD/gal from Jan 1994 (Median) to Apr 2018, with 292 observations. The data reached an all-time high of 3.461 USD/gal in Jun 2008 and a record low of 0.367 USD/gal in Dec 1998. United States Motor Gasoline Price: Premium: EIA: Resale: Bulk data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P002: Energy Price.

United States Natural Gas Price: EIA: Industrial data was reported at 3.750 USD/1000 Cub ft in Sep 2018. This records an increase from the previous number of 3.670 USD/1000 Cub ft for Aug 2018. United States Natural Gas Price: EIA: Industrial data is updated monthly, averaging 3.800 USD/1000 Cub ft from Jan 1984 (Median) to Sep 2018, with 417 observations. The data reached an all-time high of 13.060 USD/1000 Cub ft in Jul 2008 and a record low of 2.230 USD/1000 Cub ft in Jul 1991. United States Natural Gas Price: EIA: Industrial data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P002: Energy Price.

Diesel fuel prices in Bulgaria decreased by ***** euro cents per liter in the period of consideration, despite some fluctuation. Between 2008 and 2021, figures peaked at **** euros per liter in 2012. The lowest average diesel price was seen in 2009, at ** euro cents per liter. By 2021, diesel was sold by an average of **** euros per liter.

As of June 2025, the average annual price of Brent crude oil stood at 71.91 U.S. dollars per barrel. This is over eight 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 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.

United States Motor Gasoline Price: Regular: EIA: Resale: DTW data was reported at 2.401 USD/gal in Aug 2018. This records a decrease from the previous number of 2.446 USD/gal for Jul 2018. United States Motor Gasoline Price: Regular: EIA: Resale: DTW data is updated monthly, averaging 1.675 USD/gal from Jan 1994 (Median) to Aug 2018, with 296 observations. The data reached an all-time high of 3.583 USD/gal in Jun 2008 and a record low of 0.515 USD/gal in Feb 1999. United States Motor Gasoline Price: Regular: EIA: Resale: DTW data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P002: Energy Price.

Somalia SO: Pump Price for Gasoline: USD per Liter data was reported at 1.410 USD in 2016. This records an increase from the previous number of 1.120 USD for 2008. Somalia SO: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 1.120 USD from Dec 2002 (Median) to 2016, with 5 observations. The data reached an all-time high of 1.410 USD in 2016 and a record low of 0.350 USD in 2002. Somalia SO: Pump Price for Gasoline: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Somalia – Table SO.World Bank: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;

As of May 2025, the average price for premium gasoline in Germany was around 176.9 euro cents per liter. This was a slight decrease compared to the year before.

United States Motor Gasoline Price: All Grades: EIA: Resale: Bulk data was reported at 1.969 USD/gal in Apr 2018. This records an increase from the previous number of 1.821 USD/gal for Mar 2018. United States Motor Gasoline Price: All Grades: EIA: Resale: Bulk data is updated monthly, averaging 1.373 USD/gal from Jan 1994 (Median) to Apr 2018, with 292 observations. The data reached an all-time high of 3.278 USD/gal in Jun 2008 and a record low of 0.343 USD/gal in Dec 1998. United States Motor Gasoline Price: All Grades: EIA: Resale: Bulk data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P002: Energy Price.

The 2025 preliminary average annual price of West Texas Intermediate crude oil reached 68.24 U.S. dollars per barrel, as of May. This would be eight U.S. dollars below the 2024 average and the lowest annual average since 2021. WTI and other benchmarks WTI is a grade of crude oil also known as “Texas light sweet.” It is measured to have an API gravity of around 39.6 and specific gravity of about 0.83, which is considered “light” relative to other crude oils. This oil also contains roughly 0.24 percent sulfur, and is therefore named “sweet.” Crude oils are some of the most closely observed commodity prices in the world. WTI is the underlying commodity of the Chicago Mercantile Exchange’s oil futures contracts. The price of other crude oils, such as UK Brent crude oil, the OPEC crude oil basket, and Dubai Fateh oil, can be compared to that of WTI crude oil. Since 1976, the price of WTI crude oil has increased notably, rising from just 12.23 U.S. dollars per barrel in 1976 to a peak of 99.06 dollars per barrel in 2008. Geopolitical conflicts and their impact on oil prices The price of oil is controlled in part by limiting oil production. Prior to 1971, the Texas Railroad Commission controlled the price of oil by setting limits on production of U.S. oil. In 1971, the Texas Railroad Commission ceased limiting production, but OPEC, the Organization of Petroleum Exporting Countries with member states Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela among others, continued to do so. In 1972, due to geopolitical conflict, OPEC set an oil embargo and cut oil production, causing prices to quadruple by 1974. Oil prices rose again in 1979 and 1980 due to the Iranian revolution, and doubled between 1978 and 1981 as the Iran-Iraq War prevented oil production. A number of geopolitical conflicts and periods of increased production and consumption have influenced the price of oil since then.

United States Motor Gasoline Price: Midgrade: EIA: Resale: Average data was reported at 2.214 USD/gal in Apr 2018. This records an increase from the previous number of 2.047 USD/gal for Mar 2018. United States Motor Gasoline Price: Midgrade: EIA: Resale: Average data is updated monthly, averaging 1.110 USD/gal from Jan 1989 (Median) to Apr 2018, with 352 observations. The data reached an all-time high of 3.405 USD/gal in Jun 2008 and a record low of 0.484 USD/gal in Feb 1999. United States Motor Gasoline Price: Midgrade: EIA: Resale: Average data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P002: Energy Price.

Mozambique MZ: Pump Price for Gasoline: USD per Liter data was reported at 0.650 USD in 2016. This records a decrease from the previous number of 1.550 USD for 2014. Mozambique MZ: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 0.740 USD from Dec 1991 (Median) to 2016, with 13 observations. The data reached an all-time high of 1.710 USD in 2008 and a record low of 0.460 USD in 2002. Mozambique MZ: Pump Price for Gasoline: USD per Liter data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mozambique – Table MZ.World Bank.WDI: Transportation. Fuel prices refer to the pump prices of the most widely sold grade of gasoline. Prices have been converted from the local currency to U.S. dollars.; ; German Agency for International Cooperation (GIZ).; Median;