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 forecast average gas prices for the Memorial Day holiday period in the United States from 2010 to 2024. In 2024, the average price of gas during the Memorial Day holiday period was estimated at approximately 3.6 U.S. dollars per gallon.

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.

The average monthly price for natural gas in the United States amounted to 3.02 nominal U.S. dollars per million British thermal units (Btu) in December 2024. By contrast, natural gas prices in Europe were about four times higher than those in the U.S. Prices for Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over 70 U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than 60 percent between 2021 and 2023. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2023, the U.S. produced more than one trillion cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

About the Project

KAPSARC is analyzing the shifting dynamics of the global gas markets. Global gas markets have turned upside down during the past five years: North America has emerged as a large potential future LNG exporter while gas demand growth has been slowing down as natural gas gets squeezed between coal and renewables. While the coming years will witness the fastest LNG export capacity expansion ever seen, many questions are raised on the next generation of LNG supply, the impact of low oil and gas prices on supply and demand patterns and how pricing and contractual structure may be affected by both the arrival of U.S. LNG on global gas markets and the desire of Asian buyers for cheaper gas.

Key Points

In the past year, global gas prices have dropped significantly, albeit at unequal paces depending on the region. All else being equal, economists would suggest that this should have generated a positive demand response. However, “all else” was not equal. Prices of other commodities also declined while economic growth forecasts were downgraded.

Prices at benchmark points such as the U.K. National Balancing Point (NBP), U.S. Henry Hub (HH) and Japan/Korea Marker (JKM) slumped due to lower oil prices, liquefied natural gas (LNG) oversupply and unseasonal weather. Yet, the prices of natural gas in local currencies have increased in a number of developing countries in Africa, the Middle East, Latin America, former Soviet Union (FSU) and Asia.

North America experienced demand growth while gas in Europe and Asia faced rising competition from cheaper coal, renewables and, in some instances, nuclear. Gains to European demand were mostly weather related while increases in Africa and Latin America were not significant.

For LNG, Europe became the market of last resort as Asian consumption declined. Moreover, an anticipated surge in LNG supply, brought on by several new projects, may lead to a confrontation with Russian or other pipeline gas suppliers to Europe. At the same time, Asian buyers are seeking concessions on pricing and flexibility in their long-term contracts.

Looking ahead, natural gas has to prove itself a credible and affordable alternative to coal, notably in Asia, if the world is to reach its climate change targets. The future of the gas industry will also depend on oil prices, evolution of Chinese energy demand and impact of COP21 on national energy policies. Current low prices mean there is likely to be a pause in final investment decisions (FIDs) on LNG projects in the coming years.

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.

This is a version of the gas prices dataset used in the following paper:Data Polygamy: The Many-Many Relationships among Urban Spatio-Temporal Data Sets, F. Chirigati, H. Doraiswamy, T. Damoulas, and J. Freire. In Proceedings of the 2016 ACM SIGMOD International Conference on Management of Data (SIGMOD), 2016The dataset includes records of the average gasoline price in dollars per gallon for New York, from 2000 to 2014. The original data is available at the U.S. Energy Information Administration website: https://www.eia.gov/petroleum/gasdiesel/xls/pswrgvwall.xls

The average price for regular gasoline in the United States stood at 3.08 U.S. dollars per gallon on March 17, 2025. This compared to a diesel price of 3.59 U.S. dollars per gallon. Prices for gasoline and diesel decreased that week. Real price surge of 2022 and 2023 still below 2011 to 2014 prices When looking at the real price of gasoline over time, U.S. drivers had to pay notably more in the years between 2011 and 2014. The surge in prices noted throughout 2022 and partly for 2023, which followed supply constraints, was still lower in terms of real U.S. dollars. U.S. on the lower-end spectrum of worldwide motor fuel prices The U.S. has some of the lowest conventional motor fuel prices in the world. Although fuel prices are usually higher in high-income countries, the U.S. profits from its position as the world’s largest crude oil producer and can keep retail prices for oil products comparatively low. For example, among high-income countries, prices for automotive premium gasoline (RON 95) were only lower in Russia and Saudi Arabia - countries where crude oil and oil product exports are in part restricted by sanctions, thus keeping domestic supply high.

Series of Pacific Fuel Monitors produced on a quarterly basis from 2014 - 2015. Captures:

• regional retail fuel prices
• unleaded motor gasoline prices (mogas)
• automotive diesel oil (ADO) prices
• kerosene prices
• liquefied petroleum gas (LPG)
• international market pricing trends
• regional fuel specification.

Documents are prepared by the Secretariat of the Pacific Community - Petroleum Advisory Service.

Keywords: petroleum, fossil fuel, price, monitor, fuel price monitor, pfpm

Gasoline price of Mexico sank by 29.13% from 1.03 US dollars per liter in 2014 to 0.73 US dollars per liter in 2016. Since the 6.17% jump in 2012, gasoline price plummeted by 15.12% in 2016. 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.

Gasoline Prices in Egypt remained unchanged at 0.30 USD/Liter in February. This dataset provides - Egypt Gasoline Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gasoline Prices in the United States increased to 0.82 USD/Liter in February from 0.81 USD/Liter in January of 2025. This dataset provides the latest reported value for - United States Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In the first half of 2022, the electricity prices for household end users (including taxes, levies, and VAT) in Germany increased by 0.01 euro cents per kWh (+14.29 percent) in the second half of 2021. With 0.08 euro cents per kWh, the electricity prices thereby reached their highest value in the observed period.The prices include gas basic price, transmission, system services, meter rental, distribution and other services.Find more statistics on other topics about Germany with key insights such as natural gas prices for household end users incl. tax.

Gasoline price of Argentina sank by 27.63% from 1.52 US dollars per liter in 2014 to 1.10 US dollars per liter in 2016. Since the 52.08% jump in 2012, gasoline price plummeted by 24.66% in 2016. 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.

Turkey: Gasoline prices at the pump, in dollars per liter: The latest value from 2016 is 1.42 dollars, a decline from 2.06 dollars in 2014. In comparison, the world average is 0.98 dollars, based on data from 165 countries. Historically, the average for Turkey from 1995 to 2016 is 1.54 dollars. The minimum value, 0.56 dollars, was reached in 1995 while the maximum of 2.54 dollars was recorded in 2012.

Vietnam VN: Pump Price for Gasoline: USD per Liter data was reported at 0.800 USD in 2016. This records a decrease from the previous number of 1.040 USD for 2014. Vietnam VN: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 0.670 USD from Dec 1995 (Median) to 2016, with 11 observations. The data reached an all-time high of 1.150 USD in 2012 and a record low of 0.340 USD in 2002. Vietnam VN: 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 Vietnam – Table VN.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;

A tabular presentation of private sector forecasts of British Columbia natural gas prices for the calendar years 2013, 2014 and 2015, including values adjusted to the fiscal years 2013-14, 2014-15 and 2015-16

As of January 2024, the average monthly gasoline retail price in Japan stood at about 175.2 Japanese yen per liter. The figure declined compared to August 2023.

Netherlands NL: Pump Price for Gasoline: USD per Liter data was reported at 1.680 USD in 2016. This records a decrease from the previous number of 2.150 USD for 2014. Netherlands NL: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 1.680 USD from Dec 1995 (Median) to 2016, with 11 observations. The data reached an all-time high of 2.330 USD in 2012 and a record low of 1.030 USD in 2000. Netherlands NL: 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 Netherlands – Table NL.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;

Israel IL: Pump Price for Gasoline: USD per Liter data was reported at 1.570 USD in 2016. This records a decrease from the previous number of 1.880 USD for 2014. Israel IL: Pump Price for Gasoline: USD per Liter data is updated yearly, averaging 1.370 USD from Dec 1995 (Median) to 2016, with 11 observations. The data reached an all-time high of 2.010 USD in 2012 and a record low of 0.730 USD in 1995. Israel IL: 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 Israel – Table IL.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;