On October 9, 2025, the price of regular gasoline was highest in California, at around **** U.S. dollars per gallon. This was some *** dollars above the national average of **** U.S. dollars. California's high motor fuel prices are largely determined by it being the U.S. state with the highest gasoline tax. Tax impact on pump prices As of January 2024, California's gasoline tax reached **** U.S. cents per gallon, far exceeding rates in other states. This tax burden plays a crucial role in shaping retail prices, with federal and state taxes being one of the strongest determinants of what consumers pay at the pump. The revenue generated from these taxes is typically reinvested in road infrastructure, demonstrating the direct link between fuel costs and transportation development. Winter months see lowest prices While taxes significantly influence gasoline prices, crude oil costs remain the primary factor, accounting for ** percent of the retail price in February 2025. The volatility of crude oil prices directly impacts pump prices, as seen in the fluctuations over recent years. Conventional motor fuel prices, including gasoline and diesel, are generally lowest in the winter months. This is due to generally lower demand during those months, as well as the winter fuel blend being less expensive to produce than the summer alternative.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Natural Gas Liquids (WPU0532) from Jan 1971 to Aug 2025 about petroleum, fuels, gas, commodities, PPI, inflation, price index, indexes, price, and USA.

The statistic shows the retail prices of motor fuel in Virginia from 2009 to 2011, by gasoline quality. In February 2010, one gallon of premium gasoline cost ***** U.S. cents in Virginia. One year later, in February 2011, one gallon of premium gasoline cost ***** U.S. cents.

The statistic shows the retail prices of motor fuel in South Carolina from 2009 to 2011, by gasoline quality. In *************, one gallon of premium gasoline cost ***** U.S. cents in South Carolina. One year later, in *************, one gallon of premium gasoline cost ***** U.S. cents.

Kenya: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 0 percent, unchanged from 0 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Kenya from 1971 to 2021 is 0 percent. The minimum value, 0 percent, was reached in 1971 while the maximum of 0 percent was recorded in 1971.

Consumer Price Index for All Urban Consumers: Utility (Piped) Gas Service in Cleveland-Akron, OH (CMSA) (DISCONTINUED) was 117.94100 Index 1982-84=100 in December of 2017, according to the United States Federal Reserve. Historically, Consumer Price Index for All Urban Consumers: Utility (Piped) Gas Service in Cleveland-Akron, OH (CMSA) (DISCONTINUED) reached a record high of 340.44300 in August of 2008 and a record low of 20.90000 in May of 1971. Trading Economics provides the current actual value, an historical data chart and related indicators for Consumer Price Index for All Urban Consumers: Utility (Piped) Gas Service in Cleveland-Akron, OH (CMSA) (DISCONTINUED) - last updated from the United States Federal Reserve on November of 2025.

The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of August. 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.

Taiwan Energy Price Index: Natural Gas data was reported at 196.296 2001=100 in 2008. This records an increase from the previous number of 137.153 2001=100 for 2007. Taiwan Energy Price Index: Natural Gas data is updated yearly, averaging 88.542 2001=100 from Dec 1971 (Median) to 2008, with 38 observations. The data reached an all-time high of 196.296 2001=100 in 2008 and a record low of 8.507 2001=100 in 1973. Taiwan Energy Price Index: Natural Gas data remains active status in CEIC and is reported by Bureau of Energy, Ministry of Economic Affairs. The data is categorized under Global Database’s Taiwan – Table TW.RB010: Energy Price Index: 2001=100.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for United Kingdom (CPGREN01GBA657N) from 1971 to 2022 about fuels, electricity, energy, gas, United Kingdom, CPI, price index, indexes, and price.

Dominican Republic: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 0 percent, unchanged from 0 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Dominican Republic from 1971 to 2021 is 0 percent. The minimum value, 0 percent, was reached in 1971 while the maximum of 0 percent was recorded in 1971.

The 2025 preliminary average annual price of West Texas Intermediate crude oil reached 67.83 U.S. dollars per barrel as of August. This would be nine 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.

Guatemala: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 0 percent, unchanged from 0 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Guatemala from 1971 to 2021 is 0 percent. The minimum value, 0 percent, was reached in 1971 while the maximum of 0.01 percent was recorded in 2018.

Israel IL: Natural Gas Rents: % of GDP data was reported at 0.119 % in 2016. This records a decrease from the previous number of 0.140 % for 2015. Israel IL: Natural Gas Rents: % of GDP data is updated yearly, averaging 0.003 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 0.207 % in 2013 and a record low of 0.000 % in 1971. Israel IL: Natural Gas Rents: % of GDP 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: Land Use, Protected Areas and National Wealth. Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

Honduras: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 0 percent, unchanged from 0 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Honduras from 1971 to 2021 is 0 percent. The minimum value, 0 percent, was reached in 1971 while the maximum of 0 percent was recorded in 1971.

Paraguay: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 0 percent, unchanged from 0 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Paraguay from 1971 to 2021 is 0 percent. The minimum value, 0 percent, was reached in 1971 while the maximum of 0 percent was recorded in 1971.

Benin BJ: Natural Gas Rents: % of GDP data was reported at 0.000 % in 2021. This stayed constant from the previous number of 0.000 % for 2020. Benin BJ: Natural Gas Rents: % of GDP data is updated yearly, averaging 0.000 % from Dec 1971 (Median) to 2021, with 51 observations. The data reached an all-time high of 0.000 % in 2021 and a record low of 0.000 % in 2021. Benin BJ: Natural Gas Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Benin – Table BJ.World Bank.WDI: Environmental: Land Use, Protected Areas and National Wealth. Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.;World Bank staff estimates based on sources and methods described in the World Bank's The Changing Wealth of Nations.;Weighted average;

Hong Kong HK: (DC)Natural Gas Rents: % of GDP data was reported at 0.000 % in 2016. This stayed constant from the previous number of 0.000 % for 2015. Hong Kong HK: (DC)Natural Gas Rents: % of GDP data is updated yearly, averaging 0.000 % from Dec 1971 (Median) to 2016, with 46 observations. Hong Kong HK: (DC)Natural Gas Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hong Kong SAR – Table HK.World Bank.WDI: Land Use, Protected Areas and National Wealth. Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

Zambia: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 0 percent, unchanged from 0 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Zambia from 1971 to 2021 is 0 percent. The minimum value, 0 percent, was reached in 1971 while the maximum of 0 percent was recorded in 1971.

Japan Consumer Price Index (CPI): TC: PT: Automotive Maintenance: Gasoline data was reported at 119.100 2005=100 in Jun 2011. This records a decrease from the previous number of 122.700 2005=100 for May 2011. Japan Consumer Price Index (CPI): TC: PT: Automotive Maintenance: Gasoline data is updated monthly, averaging 95.850 2005=100 from Jan 1971 (Median) to Jun 2011, with 486 observations. The data reached an all-time high of 147.900 2005=100 in Aug 2008 and a record low of 41.000 2005=100 in Feb 1971. Japan Consumer Price Index (CPI): TC: PT: Automotive Maintenance: Gasoline data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I018: Consumer Price Index: 2005=100.

Democratic Republic of the Congo: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 0 percent, unchanged from 0 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Democratic Republic of the Congo from 1971 to 2021 is 0 percent. The minimum value, 0 percent, was reached in 1971 while the maximum of 0.01 percent was recorded in 2006.