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Gasoline market in the U.S. - Statistics & facts

The gasoline industry in the United States includes the commercial production, distribution, refining, and marketing of petroleum products. The U.S. is the leading petroleum consuming nation in the world, closely followed by China, India, and Japan. As of 2019, the U.S. oil refinery capacity amounted to approximately 18.97 million barrels per day, and in that same year, U.S. oil production stood at around 17.05 million barrels per day.

In the U.S., gasoline typically refers to the fuel used in internal combustion engines, including methanol and ethanol. In 2019, approximately 298 million barrels of finished motor gasoline were exported out of the U.S., while total U.S. petroleum imports for that year amounted to a daily average of about nine million barrels of petroleum. The U.S. transportation sector accounted for 70.3 percent of the country’s total petroleum demand in 2019 and accounts for the vast majority of domestic demand for refined petroleum products in the U.S. As of 2018, the overall domestic demand for gasoline in the U.S. amounted to nearly 145 billion gallons.

The U.S. government currently provides major subsidies to domestic gasoline production at virtually every stage of exploration and production. In 2019, the gross output of the U.S. gas station industry was more than 116 billion U.S. dollars. The average retail price for diesel fuel stood at 3.06 U.S. dollars per gallon in 2019.

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Gasoline market in the U.S.

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