Graph and download economic data for Producer Price Index by Industry: Refined Petroleum Product Pipeline Transportation: Pipeline Transportation of Refined Petroleum Products (PCU4869104869101) from Jun 1986 to Sep 2025 about pipeline, refined, petroleum, transportation, PPI, industry, inflation, price index, indexes, price, and USA.

Gasoline fell to 1.86 USD/Gal on December 2, 2025, down 0.53% from the previous day. Over the past month, Gasoline's price has fallen 2.79%, and is down 4.95% 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 December of 2025.

This dataset comes from the Energy Information Administration (EIA), and is part of the 2011 Annual Energy Outlook Report (AEO2011). This dataset is Table 12, and contains only the reference case. The dataset uses 2009 dollars per gallon. The data is broken down into crude oil prices, residential; commercial, industrial, transportation, electric power and refined petroleum product prices.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Petroleum Products, Refined (WPU057) from Jan 1947 to Sep 2025 about refined, petroleum, fuels, commodities, PPI, inflation, price index, indexes, price, and USA.

The Oil Swap Model service by TraditionData provides a real-time source for oil swaps pricing data, drawn from a combination of electronic data feeds and broker input.

• Combines electronic data and broker insights for real-time pricing.
• Coverage of crude and refined products with extensive forward curve coverage.
• Enables users to spot arbitrage opportunities and assess market risk.

Discover more about this service at Oil Swap Model.

As of August 2025, the average annual price of Brent crude oil stood at 71.3 U.S. dollars per barrel. This is over nine 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 - Producer Price Index by Commodity: Fuels and Related Products and Power: Petroleum Products, Refined was 241.09100 Index 1982=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Petroleum Products, Refined reached a record high of 452.53500 in June of 2022 and a record low of 12.80000 in March of 1968. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Petroleum Products, Refined - last updated from the United States Federal Reserve on December of 2025.

The maximum regulated petroleum prices set by the Newfoundland and Labrador Board of Commissioners of Public Utilities in accordance with the provisions of "The Petroleum Products Act", Chapter P-10.1, Section 4.

Algeria Export Price: Refined Petroleum Products data was reported at 81.500 USD/Barrel in Mar 2024. This records an increase from the previous number of 79.300 USD/Barrel for Dec 2023. Algeria Export Price: Refined Petroleum Products data is updated quarterly, averaging 76.300 USD/Barrel from Mar 2007 (Median) to Mar 2024, with 69 observations. The data reached an all-time high of 121.400 USD/Barrel in Mar 2012 and a record low of 27.200 USD/Barrel in Jun 2020. Algeria Export Price: Refined Petroleum Products data remains active status in CEIC and is reported by General Directorate of Customs. The data is categorized under Global Database’s Algeria – Table DZ.P002: Export Price of Hydrocarbon.

A refined oil price chart is a graphical representation of the prices of refined oil over a given period of time. It is used to track the changes in the price of refined oil, which is an essential commodity in various industries and households. The chart helps stakeholders in the oil industry make informed decisions and understand the market dynamics.

Euro Area - Producer prices in industry: Manufacture of refined petroleum products was 115.10 points in September of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Producer prices in industry: Manufacture of refined petroleum products - last updated from the EUROSTAT on November of 2025. Historically, Euro Area - Producer prices in industry: Manufacture of refined petroleum products reached a record high of 184.70 points in June of 2022 and a record low of 49.50 points in December of 2001.

Industrial product price index (IPPI), by product by North American Product Classification System (NAPCS) 2017 Version 2.0. Monthly data are available from January 1956. The table presents data for the most recent reference period and the last four periods. The base period for the index is (202001=100).

According to Cognitive Market Research, the global refining market size was USD 1751454.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 700581.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 525436.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 402834.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 87572.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 35029.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The petroleum oil refinery category is the fastest growing segment of the refining industry

Market Dynamics of Refining Market

Key Drivers for Refining Market

Increasing Global Energy Consumption to Boost Market Growth

The refining market is undergoing significant changes driven by increasing global energy consumption, which is projected to rise due to population growth and industrialization. This surge in demand necessitates more efficient refining processes to convert crude oil into usable products like gasoline, diesel, and jet fuel. Refiners are focusing on adopting advanced technologies and optimizing operations to meet stricter environmental regulations while enhancing output. Furthermore, the shift towards sustainable energy sources influences refiners to diversify their operations, integrating biofuels and renewable energy to align with global decarbonization efforts.

Rising Focus on R&D for New Refining Technologies to Drive Market Growth

The refining market is increasingly driven by a rising focus on research and development (R&D) for innovative refining technologies. As global demand for cleaner and more efficient energy sources grows, companies are investing in advanced refining methods to enhance productivity and reduce environmental impact. R&D initiatives are aimed at developing technologies such as hydrocracking, catalytic reforming, and biorefining, which improve product yields and lower greenhouse gas emissions. This strategic shift not only fosters sustainability but also positions refiners to meet regulatory standards and adapt to evolving market dynamics.

Restraint Factor for the Refining Market

Fluctuations in Crude Oil Prices will Limit Market Growth

The refining market is significantly influenced by fluctuations in crude oil prices, as these prices determine the cost of raw materials for refineries. When crude oil prices rise, refineries may experience increased operational costs, impacting their profit margins. Conversely, lower crude prices can enhance profitability but may reduce the incentive for exploration and production. Additionally, market dynamics such as geopolitical tensions, supply chain disruptions, and changes in demand for refined products can exacerbate price volatility, leading to unpredictable outcomes for refinery operations and profitability.

Volatility in Crude Oil Prices and Market Uncertainty hamper the market

A major constraint to the refining industry is crude oil price volatility, which has a direct bearing on profitability. Refining is a cost-heavy process, and crude price volatility can result in huge margin squeezes. When crude prices increase sharply, refiners tend to experience increased operational costs, and when prices fall, it can be an indicator of declining total demand for refined products, particularly during economic slowdown. Apart from price volatility, the refining industry is also influenced by geopolitical tensions, natural disasters, and supply chain disruptions that can further increase market instability. For example, geopolitical tensions in major oil-producing countries or shipping disruptions can lead to supply shortages or price spikes that hamper refiners' efficiency to operate. To cope with such challenges, refiners need to concent...

Dive into the dynamic refined petroleum market forecast to 2033. Explore key drivers, trends, and restraints shaping this multi-trillion-dollar industry, including regional breakdowns and leading companies like ExxonMobil and Chevron. Understand future growth potential and evolving market segments (gasoline, kerosene, etc.).

Netherlands - Producer prices in industry: Manufacture of coke and refined petroleum products was 114.90 points in October of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Netherlands - Producer prices in industry: Manufacture of coke and refined petroleum products - last updated from the EUROSTAT on December of 2025. Historically, Netherlands - Producer prices in industry: Manufacture of coke and refined petroleum products reached a record high of 214.00 points in June of 2022 and a record low of 38.20 points in December of 2001.

Denmark Industrial Output Price Index: MQ: Mfg: Refined Petroleum Product data was reported at 103.100 2000=100 in Dec 2008. This records a decrease from the previous number of 123.300 2000=100 for Nov 2008. Denmark Industrial Output Price Index: MQ: Mfg: Refined Petroleum Product data is updated monthly, averaging 64.750 2000=100 from Jan 1985 (Median) to Dec 2008, with 288 observations. The data reached an all-time high of 206.200 2000=100 in Jul 2008 and a record low of 43.800 2000=100 in Dec 1998. Denmark Industrial Output Price Index: MQ: Mfg: Refined Petroleum Product data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.I017: Industrial Output Price Index: 2000=100 (Discontinued).

In 2022, the producer price index (PPI) for refined petroleum products in Thailand stood at ***** index points. In that same year, the total producer price index (PPI) in Thailand amounted to ***** index points.

The Southeast Asia Refined Petroleum Products Market size was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 4.00">> 4.00 % during the forecasts periods. Recent developments include: September 2022: Equinor and Global Petro Storage (GPS) jointly commissioned liquefied petroleum gas (LPG) storage terminal in Malaysia. The fully automated facility at Port Klang will enable "cost-advantaged shipments" of very large gas carriers (VLGCs) into Malaysia. The terminal features two 60,000 cubic meters of refrigerated tanks for the storage of propane and butane, as well as four pressurized bullet tanks for the storage of pressurized LPG., May 2022: Petroliam Nasional Berhad (PETRONAS), the national oil company of Malaysia, and Saudi Aramco, the national oil company of Saudi Arabia, have collaborated to restart the refinery-petrochemical complex in Malaysia. The refinery has a 300,000 BPD capacity and is equipped to develop refined petroleum products, including jet fuel, motor gasoline, and diesel, meeting Euro 5 fuel specifications., March 2021: Indonesia's national energy giant PT Pertamina announced plans to relocate its USD 10-billion oil refinery project from Bontang in East Kalimantan after terminating a preliminary agreement with Oman's Overseas Oil and Gas.. Key drivers for this market are: 4., Increasing Investment in Oil and Gas Sector4.; Supportive Government Policies. Potential restraints include: 4., Inclination towards renewable energy. Notable trends are: Automotive Fuel to Dominate the Market.

Oman PPI: YoY: Mfg: TG: Refined Petroleum Products data was reported at -13.500 % in Dec 2024. This records an increase from the previous number of -15.300 % for Sep 2024. Oman PPI: YoY: Mfg: TG: Refined Petroleum Products data is updated quarterly, averaging -3.252 % from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 70.111 % in Jun 2021 and a record low of -45.606 % in Jun 2020. Oman PPI: YoY: Mfg: TG: Refined Petroleum Products data remains active status in CEIC and is reported by National Centre for Statistics and Information. The data is categorized under Global Database’s Oman – Table OM.I017: Producer Price Index: Year Over Year.

In August 2025, crude oil accounted for a 51 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 42 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.