Gas prices in the U.S.
Finished motor gasoline is the most commonly used fuel in the U.S. transportation sector. Between 2009 and 2012, many countries including the United States saw a steep increase in the price of gasoline, peaking at 3.62 U.S. dollars per gallon in 2012. Although U.S. gasoline prices dipped in 2013 and 2014, they still remained well above the three-dollar mark throughout 2014.
2015 was different. In light of worldwide plummeting crude oil prices, U.S. regular retail prices of gasoline fell to a record low in 2015. U.S. gasoline is usually made from UK Brent. The price of this crude fell by almost 50 percent between 2014 and 2015. During the summer of 2015, the average national gas price hovered around 2.6 U.S. dollars per gallon, and the annual average fell to 2.43 U.S. dollars per gallon. Prices continued to decline throughout 2016, but began to rebound in 2017. In 2018, customers were charged 2.72 U.S. dollars per gallon.