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.

Natural gas prices are the highest in the residential sector. In 2023, U.S. households paid an all time high average of 15.2 U.S. dollars per 1,000 cubic feet. Commercial natural gas costs were second-highest, while prices in the electric power sector were the lowest, at around four U.S. dollars on average. Prices for the industrial and electric power customers tend to be close to the wholesale electricity price. All sectors saw a year-on-year increase in natural gas prices in 2022 due to the decline in U.S. natural gas production in the first quarter of 2022, which resulted in high withdrawals of natural gas from storage and an increase in average natural gas prices. The growing natural gas market In recent years, the average natural gas prices for all sectors have been increasing in the United States. In 2022, the residential sector witnessed an increase in natural gas prices higher than 2008, while natural gas prices for other sectors were still lower despite increases in average natural gas prices for those sectors. Meanwhile, consumption of natural gas has increased more than any other fuel type following the 2008 Recession. Petroleum consumption has been more variable, and use of coal has significantly decreased. The price of coal and crude oil had already been increasing since the early 2000s, and was further exacerbated by the financial crisis. Around the same time, the cost of natural gas dropped significantly, making it a more viable economic alternative compared to other fossil fuels. This decrease was in part the result of drastically increased production of shale gas as a result of hydraulic fracturing and other techniques.

Gasoline rose to 2.19 USD/Gal on July 11, 2025, up 1.65% from the previous day. Over the past month, Gasoline's price has risen 1.03%, but it is still 12.72% lower than a year ago, 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.

Natural Gas: Average Commercial Price: Indiana data was reported at 7.560 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 6.990 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Indiana data is updated monthly, averaging 7.345 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 17.220 USD/1000 Cub ft in Jun 2008 and a record low of 3.750 USD/1000 Cub ft in Nov 1995. Natural Gas: Average Commercial Price: Indiana 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.

Natural Gas: Average Commercial Price: Ohio data was reported at 7.680 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 7.330 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Ohio data is updated monthly, averaging 6.920 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 432 observations. The data reached an all-time high of 16.610 USD/1000 Cub ft in Jul 2008 and a record low of 4.050 USD/1000 Cub ft in Mar 1990. Natural Gas: Average Commercial Price: Ohio 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.

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.

For an annual consumption of less than 100,000 gigajoule, the industry prices for natural gas peaked in 2012 at 4.09 euro cents per kilowatt hour, but decreased again in the following years, reaching 3.08 euro cents per kilowatt hour in 2020. Since Italy relied on gas imports for over 90 percent of its demand, the industry price of gas was mostly dependent on the wholesale price rather than the domestic market.

Russia: the main supplier
Italy’s energy demand strongly depended on gas: in 2018, natural gas accounted for nearly 60 percent of the total amount of energy consumed in the country. Providing more than 32 billion cubic meters in 2018, Russia was the main gas supplier for Italy. Russian gas was the cheapest to import: gas came to Italy via the Tarvisio pipeline, one of the five pipeline entry points in the country. Placed at the center of the gas supply network linking Europe, North Africa, Russia, and the Caucasus, Italy was in a strategically crucial position for the gas supply in Europe.

Domestic production
In 2018, the domestic production amounted to 3.4 billion cubic meters, about a tenth of the volume imported from Gazprom. Italy’s natural gas reserves, which concentrate mostly in the Po Valley, Ionian Sea, and Adriatic Sea, are underutilized. In fact, the country emitted an 18-month ban on new oil and gas exploratory permits in January 2019. This was part of the government’s efforts to promote renewable energy sources over fossil fuels, although extraction permits were not affected by the ban.

Natural Gas: Average Commercial Price: Vermont data was reported at 8.630 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 8.220 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Vermont data is updated monthly, averaging 6.905 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 16.140 USD/1000 Cub ft in Sep 2008 and a record low of 2.860 USD/1000 Cub ft in Aug 1994. Natural Gas: Average Commercial Price: Vermont 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.

As of April 1, 2024, the average gas price for commercial customers in Germany was around **** euro cents per kilowatt hour. At the same time, the gas price for industrial customers was around *** euro cents per kilowatt hour. The price data is based on information from wholesalers and gas suppliers.

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.

Monthly Gas Price Index FY 2007-2008 as reported by the Colorado Oil & Gas Conservation Commission

Natural gas prices for households in the European Union are more expensive for those with a consumption of less than 200 gigajoules. In 2023, for households with such a level of annual consumption, the natural gas price amounted to an average 11.56 euro cents per kilowatt-hour, while for consumption levels higher than 200 gigajoules, figures stood at 10.6 euro cents per kilowatt-hour. At that time, Sweden was the country with the most expensive household gas prices in the EU, at more than ten euro cents per kilowatt-hour.

Natural Gas: Average Commercial Price: Connecticut data was reported at 9.750 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 8.680 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Connecticut data is updated monthly, averaging 8.745 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 18.130 USD/1000 Cub ft in Jul 2008 and a record low of 3.970 USD/1000 Cub ft in Aug 2000. Natural Gas: Average Commercial Price: Connecticut 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.

United States - PADD I (East Coast District) Regular All Formulations Gas Price was 3.34200 $ per Gallon in November of 2021, according to the United States Federal Reserve. Historically, United States - PADD I (East Coast District) Regular All Formulations Gas Price reached a record high of 4.03900 in July of 2008 and a record low of 0.90300 in February of 1999. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - PADD I (East Coast District) Regular All Formulations Gas Price - last updated from the United States Federal Reserve on February of 2023.

Natural Gas: Average Commercial Price: Wisconsin data was reported at 8.150 USD/1000 Cub ft in Feb 2025. This records a decrease from the previous number of 8.160 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Wisconsin data is updated monthly, averaging 6.510 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 14.630 USD/1000 Cub ft in Jul 2008 and a record low of 3.560 USD/1000 Cub ft in Sep 1995. Natural Gas: Average Commercial Price: Wisconsin 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 the first half of 2021, natural gas price for industries in Spain with an annual consumption between 100 thousand and one million gigajoule stood at 2.24 euro cents per kilowatt hour. Figures for a consumption of less than 100 thousand gigajoule stood at 2.37 euro cents per kilowatt hour. In the period of consideration, prices for natural gas for industries with an annual consumption of less than 100,000 gigajoule reached a peak in 2013 going from three euro cents per kilowatt hour in 2008 to 3.83 euro cents per kilowatt hour. In 2017 the prices had a slight decrease falling to 2.83 euro cents per kilowatt. In the case of an annual consumption of more than 100,000 gigajoule and less than 1 million gigajoule, the behavior of the prices for this period of time is similar.

Natural gas prices for non-residential customers peaked in France during the global energy crisis in 2022. For an annual consumption of less than 100,000 gigajoules, the price stood at 6.84 euro cents per kilowatt-hour that year. Meanwhile, natural gas price for non-household users with an annual consumption between 100,000 and one million gigajoules stood at 6.65 euro cents per kilowatt-hour.

This statistic shows the industry prices of natural gas in Romania from 2008 to 2020, in euro cents per kilowatt hour. It outlines that for an annual consumption of less than 100,000 gigajoule, the prices for natural gas increased over this period from 2.8 euro cents per kilowatt hour in 2008, to three euro cents per kilowatt hour in 2020.

Liberalization of the natural gas market

The first measures towards the liberalization of the natural gas market in Romania were taken in the beginning of 2020, and the process is expected to be completed by April 2021. According to a study realized by iSenseSolutions, almost half of the Romanians surveyed were of the opinion that gas prices would increase after the liberalization of the natural gas market. In these circumstances, the majority of people were considering changing their current natural gas supplier. Unfortunately, only two out of ten Romanians considered themselves to be sufficiently informed about what the liberalization of the natural gas market means and what are its effects.

European Green Deal

The European Green Deal is a growth strategy which aims to transform the EU into a prosperous society based on an economy where there are no emissions of greenhouse gases by 2050. According to a study conducted by INSCOP Research, Romanians had a good opinion about the Green Deal’s objective to reduce CO2 emissions and coal-based energy. At the same time, more than one third or respondents believed that the fight against plastic waste should be given top priority in the European Green Deal.

Natural Gas: Average Commercial Price: Kentucky data was reported at 9.000 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 8.080 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Kentucky data is updated monthly, averaging 8.660 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 19.370 USD/1000 Cub ft in Aug 2008 and a record low of 3.970 USD/1000 Cub ft in Jun 1993. Natural Gas: Average Commercial Price: Kentucky 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.

United States - PADD II (Midwest District) Midgrade All Formulations Gas Price was 3.53400 $ per Gallon in November of 2021, according to the United States Federal Reserve. Historically, United States - PADD II (Midwest District) Midgrade All Formulations Gas Price reached a record high of 4.05700 in June of 2008 and a record low of 0.97000 in February of 1999. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - PADD II (Midwest District) Midgrade All Formulations Gas Price - last updated from the United States Federal Reserve on July of 2025.