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Gas prices in the United States 1990-2020

In 2020, customers at U.S. gas stations were charged 2.17 U.S. dollars per gallon, down almost 17 percent from 2.6 U.S. dollars in 2019. The price of gasoline is significantly lower in the U.S. than in many other countries. At roughly seven U.S. dollars per gallon, customers in Norway are charged some of the highest gas prices around the world.

Economic downturns increase volatility

The United States saw increased volatility during the global economic slowdown and subsequent recovery between 2008 and 2011. U.S. gasoline prices peaked at 3.62 U.S. dollars per gallon in 2012. Although U.S. gasoline prices dipped in 2013, they remained well above the three-dollar mark throughout 2014.

Gas price fluctuations in recent years

2015 was different. In light of plummeting crude oil prices, U.S. regular retail prices of gasoline fell to 2.43 in 2015 and a record low of 2.14 in 2016. Although the United States is a large exporter of oil itself, U.S. regular-grade gasoline is usually made from UK Brent, and the price of this crude fell by more than 50 percent between 2014 and 2016. Prices began to rebound in 2017.

Retail price of regular gasoline in the United States from 1990 to 2020

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Source

Release date

January 2021

Region

United States

Survey time period

1990 to 2020

Supplementary notes

Regular all formulations retail gasoline prices.
The values have been rounded.

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Statistics on "Gasoline market in the U.S."

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