The global fuel energy price index stood at 153.15 index points in May 2025, up from 100 in the base year 2016. Figures decreased that month due to lower heating fuel demand and a fall in crude oil prices. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Global ramifications of the Russia-Ukraine war The invasion of Ukraine by Russia played a role in the surge of global inflation rates. Notably, Argentina bore the brunt, experiencing a hyperinflation rate of 92 percent in 2022. The war also exerted a significant impact on global gross domestic product (GDP) growth. Saudi Arabia emerged with a notable increase of nearly three percent, as several Western nations shifted their exports from Russia to Middle Eastern countries due to the sanctions imposed on the former.

Gasoline fell to 2.10 USD/Gal on June 24, 2025, down 2.55% from the previous day. Over the past month, Gasoline's price has fallen 0.31%, and is down 15.90% 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 June of 2025.

The average price for regular gasoline in the United States stood at **** U.S. dollars per gallon on June 23, 2025. This compared to a diesel price of **** U.S. dollars per gallon. Prices for gasoline and diesel increased that week following a rise in crude oil prices and greater motor fuel demand. 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.

Graph and download economic data for US Regular All Formulations Gas Price (GASREGW) from 1990-08-20 to 2025-06-23 about gas, commodities, and USA.

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.

In May 2025, one gallon of diesel cost an average of 3.5 U.S. dollars in the United States. That was a decrease compared to the month prior, and also lower than prices in May 2024. Impact of crude prices on motor fuel consumer prices Diesel prices are primarily determined by the cost of crude oil. In fact, crude oil regularly accounts for around 50 percent of end consumer prices of diesel. As such, supply restrictions or weak demand outlooks influence prices at the pump. The fall in diesel prices noted in the latter half of 2024 is a reflection of lower crude prices. Diesel and gasoline price development The usage of distillate fuel oil began in the 1930s, but until further development in the 1960s, diesel vehicles were mostly applied to commercial use only. In the U.S., diesel-powered cars remain a fairly small portion of the automobile market and diesel consumption is far lower than gasoline consumption. In general, gasoline also tends to be more widely available than diesel fuel and usually sells for a lower retail price. However, diesel engines have better fuel economy than gasoline engines, and, as such, tend to be used for large commercial vehicles.

Natural gas fell to 3.61 USD/MMBtu on June 24, 2025, down 1.84% from the previous day. Over the past month, Natural gas's price has fallen 3.55%, but it is still 26.13% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on June of 2025.

The global natural gas price index stood at 182.56 index points in May 2025. Natural gas prices decreased that month as heating fuel demand continued to fall. The global price index takes into account indices from Europe, Japan, and the United States – some of the largest natural gas trading markets. The U.S. is the leading natural gas exporter in the world. Means of trading natural gas Liquefied natural gas (LNG) is the most common form of trading natural gas. Although piped gas is often the preferred choice for transportation between neighboring producing and consuming countries, seaborne trade as LNG has grown in market volume. This is in part thanks to high consumption in pipeline-inaccessible areas such Japan, Korea, and China, as well as the recent increase in LNG trade by European countries. Major natural gas price benchmarks The natural gas prices often used as global benchmarks are Europe’s Dutch TTF traded on the Intercontinental Exchange, Indonesian LNG in Japan, and the U.S. Henry Hub traded on the New York Mercantile Exchange. 2022 was an especially volatile year for natural gas prices, as supply was severely constrained following sanctions on Russian imports. Other reasons for recent spikes in gas prices are related to issues at refineries, changes in demand, and problems along seaborne supply routes.

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.

TTF Gas fell to 40.63 EUR/MWh on June 23, 2025, down 0.77% from the previous day. Over the past month, TTF Gas's price has risen 9.06%, and is up 17.44% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on June of 2025.

The average monthly price for natural gas in the United States amounted to 4.13 nominal U.S. dollars per million British thermal units (Btu) in March 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in 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.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Gasoline (All Types) in U.S. City Average (CUUR0000SETB01) from Mar 1935 to May 2025 about gas, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

It has long been suspected, given the salience of gasoline prices, that fluctuations in gasoline prices shift households' 1-year inflation expectations. Assessing this view empirically requires the use of dynamic structural models to quantify the cumulative effect of gasoline price shocks on household inflation expectations at each point in time. We find that, on average, gasoline price shocks account for 42% of the variation in these expectations. The cumulative increase in household inflation expectations from early 2009 to early 2013, in particular, is almost entirely explained by unexpectedly rising gasoline prices. However, there is no support for the view that the improved fit of the Phillips curve augmented by household inflation expectations during 2009 2013 is mainly explained by rising gasoline prices.

The price of gas in the United Kingdom was 106 British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to 131 pence in the second quarter of 2025 before gradually falling to just under 80 pence by the second quarter of 2027.
Surging energy costs and the cost of living crisis At the height of the UK's cost of living crisis in 2022, approximately 91 percent of UK households were experiencing rising prices compared with the previous month. It was during 2022 that the UK's CPI inflation rate reached a peak of 11.1 percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching 26.6 percent, and food prices increasing by 18.2 percent at the height of the crisis. Although prices fell to more expected levels by 2024, an uptick in inflation is forecast for 2025, with prices rising by 3.7 percent in the third quarter of the year. Global Inflation Crisis The UK was not alone in suffering rapid inflation during this time period, with several countries across the world experiencing an inflation crisis. The roots of the crisis began as the global economy gradually emerged from the COVID-19 pandemic in 2021. Blocked-up supply chains, struggled to recover as quickly as consumer demand, with food and energy prices also facing upward pressure. Russia's invasion of Ukraine in February 2022 led to Europe gradually weening itself of cheap Russian energy exports, while for several months Ukraine struggled to export crucial food supplies to the rest of the World.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Utility (Piped) Gas Service in U.S. City Average (CUSR0000SEHF02) from Jan 1952 to May 2025 about utilities, gas, urban, consumer, services, CPI, price index, indexes, price, and USA.

The global gasoline and fuel market, valued at $1.85 billion in 2025, is projected to experience steady growth, driven primarily by the continued reliance on internal combustion engine vehicles, particularly in developing economies experiencing rapid motorization. While the Compound Annual Growth Rate (CAGR) of 1.06% suggests a moderate expansion, this figure likely underrepresents the market's dynamism, as it doesn't account for fluctuating oil prices and evolving geopolitical landscapes. Significant growth drivers include the increasing demand from transportation sectors (both passenger and commercial vehicles), power generation in regions with limited access to renewable energy, and the continued use of gasoline in other applications such as machinery and equipment. However, restraining factors include the rising adoption of electric vehicles (EVs), government regulations promoting cleaner energy sources, and the intermittent fluctuations in global crude oil prices that impact fuel costs and availability. The market segmentation reveals that transportation holds the largest share, closely followed by power generation, with 'others' representing a smaller but still significant portion. Major players, including Chevron, ExxonMobil, PetroChina, and others, are strategically navigating these dynamics through investments in renewable energy and efficiency improvements in fuel production and distribution, while also adapting to the growing EV market. The geographical distribution of the market reflects established economic patterns. North America and Asia Pacific (particularly China and India) represent significant market segments, fueled by high vehicle ownership rates and energy demands in rapidly industrializing regions. Europe, while showing relatively mature markets, continues to contribute substantially. South America and the Middle East & Africa represent markets with varying growth potentials, influenced by their specific economic conditions and energy policies. Future growth will depend critically on the balance between increasing vehicle ownership and the global shift toward electric and alternative fuel vehicles, coupled with the ongoing influence of energy policies and geopolitical factors on global oil prices. While a relatively low CAGR is projected, specific regional markets and segments within the industry are likely to show more pronounced variations in growth rates, creating opportunities for strategic market players. Recent developments include: In October 2023, Aramco and ENOWA, NEOM’s energy and water company, have signed a joint development agreement to construct and establish a first-of-its-kind synthetic electro-fuel (e-fuel) demonstration plant aimed to display technological feasibility and commercial viability by developing thirty five barrels per day of low-carbon, synthetic gasoline from renewable-based hydrogen and captured carbon dioxide (CO2)., In July 2022, the U.S. Department of Energy (DOE) announced that contracts have been awarded for the purchase of crude oil from the Strategic Petroleum Reserve (SPR). This contract awards are part announcement of president to release one million barrels of crude oil a day for six months to address the significant global supply disruption caused by Russia-Ukraine war.. Key drivers for this market are: 4., Rising Adoption of Automobiles such as Passenger Cars, Motorcycles Across the World4.; Easy Availability of Gasoline. Potential restraints include: 4., Rising Adoption of Automobiles such as Passenger Cars, Motorcycles Across the World4.; Easy Availability of Gasoline. Notable trends are: Transportation Segment is Expected to Dominate in the Market.

Throughout Q1 2025, the helium market in North America exhibited mixed trends, shaped by evolving global supply conditions and steady demand from high-value sectors. In January, helium prices in the U.S. edged up slightly as higher import costs from Qatar—driven by rising natural gas prices—combined with proactive restocking efforts to lift procurement. Demand remained firm, supported by strong offtake from the healthcare sector and growing helium applications in semiconductor manufacturing for AI and 5G technologies.

Explore the rising European gas prices driven by reduced Russian supply and its impact on the economy and energy strategies.

Oil and gas producers have experienced significant revenue volatility. Changes in oil and gas prices, exchange rate movements, annual production volumes, and domestic and export demand for oil and gas all influence the industry’s performance. Output has expanded over the past decade, while world oil and natural gas prices have displayed significant volatility. Australia's natural gas production, which comprises most of the industry, has soared over the past decade as new gas fields have been developed to feed Australia's liquefied natural gas (LNG) facilities. Global trade in LNG has expanded, with growing demand for LNG in Asian markets and weakness in the Australian dollar benefiting Australian producers. The industry has invested in several major gas export projects over the past decade, which have increased Australia's LNG production capacity to 88.0 million tonnes per annum. Industry revenue is expected to have inched upwards at an annualised 0.5% over the five years through 2024-25, to $100.3 billion. Rising oil and gas prices in the fallout of the Russia-Ukraine conflict sent revenue skyrocketing and expanded the industry’s profitability over the two years through 2022-23. However, industry revenue is expected to fall for the second consecutive year in 2024-25, dropping 5.0%, as prices for oil and liquified petroleum gas continue to recede and volumes drop. Recent high prices have caused some projects to be restarted and new projects to be green-lit. However, the major oil and gas producers have taken the opportunity to futureproof their portfolios, divesting low-quality assets in the face of rising public concern over environmental issues. Merger and acquisition activity in global oil and gas markets is set to intensify as producers look to consolidate their position and strengthen their balance sheets. Government intervention in domestic gas markets has also created regulatory uncertainty, which is likely to constrain investment in Australia's oil and gas sector going forwards. Ongoing price declines and falling oil and gas production will drive a forecast annualised 5.9% drop in industry revenue over the five years through 2029-30, to $73.8 billion.