USA Gasoline prices, 08-Jul-2024

The current gasoline price in the USA is USD 1.01 per liter and was updated on 08-Jul-2024. For comparison, the average price of gasoline in the world is USD 1.23 per liter.
Gasoline prices
 Current price 1.01
 Measure USD/Liter
 Last update 2024-07-08
 Data availability from 2014-08-04
 Data frequency Weekly
Source: U.S. Energy Information Administration

We show Octane-95 gasoline price data for the USA from 2014-08-04 to 2024-07-08. The average gasoline price during that period is USD 0.82 per liter with a minimum of USD 0.52 on 2016-02-15 and a maximum of USD 1.37 on 2022-06-13. Our data are obtained from official government sources, regulatory agencies, petroleum companies, and major media sources. We update the series for the USA every week.

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Gasoline prices
Price (USD/Liter) Percent change
 Current price 1.01 -
 One month ago 0.99 2.0 %
 Three months ago 1.03 -1.9 %
 One year ago 1.03 -1.9 %

Our data on: CNN Bloomberg Reuters

USA Gasoline prices: The last eight weeks

USA Gasoline prices: The last eight weeks

USA Gasoline prices, liter, U.S. Dollar

USA Gasoline prices: Historical graph; 2014-08-04-2024-07-08
* A long flat line means that the government fixes the prices.
To ensure comparability, for the U.S. we report the prices of Mid-grade gasoline as it is closest to the Octane-95 gasoline used in most of the world. Regular gasoline that is the most widely used in the U.S. is about 13 percent cheaper than Mid-grade gasoline.

Also note that there are large differences across U.S. states. Prices in the Western states are about 20 percent higher than the national average and in California they are about 50 percent higher. The prices in the Midwest and the South are about 5-10 percent lower than the national average. In the North East, the prices are about 5 percent higher.

We obtain the data from the U.S. Energy Information Administration.
USA: Gasoline price analytics
Percent of world average gasoline price     71.57%
Correlation with crude oil prices     0.94
Percent change if oil prices increase 10%     6.15%
Price flexibility index: 0 (low) - 1 (high)     0.94
Correlation with diesel fuel prices     0.93
Percent of diesel price     101.12%
Cost of 40 liter tank, percent of income     0.68%
Gasoline consumption, percent of income     2.18%
Updated monthly. Methodological notes
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