Gas prices in the United States 1990-2019

In 2019, one gallon of regular gasoline cost 2.6 U.S. dollars in the United States. The price of gasoline in the U.S. is significantly lower 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 still remained well above the three-dollar mark throughout 2014.

Tipping point

2015 was different. In light of worldwide 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. U.S. regular-grade gasoline is usually made from UK Brent. The price of this crude fell by more than 50 percent between 2014 and 2016. Prices began to rebound in 2017. In 2019, customers were charged 2.6 U.S. dollars per gallon.

Retail price of regular gasoline in the United States from 1990 to 2019

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Source

Release date

January 2020

Region

United States

Survey time period

1990 to 2019

Supplementary notes

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

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Statistics on "Gasoline market in the United States"

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