Retail price of regular gasoline in the United States from 1990 to 2018 (in U.S. dollars per gallon)*
Retail price of gasoline in the United States 1990-2018
In 2018, one gallon of regular gasoline cost 2.72 U.S. dollars in the United States. The price of gasoline in the U.S. is significantly lower than in many other countries. At 6.89 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 between 2008 and 2010. U.S. gasoline prices peaked 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.

Tipping point

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. regular-grade 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 annual average retail price of regular-grade gasoline 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.
Retail price of regular gasoline in the United States from 1990 to 2018 (in U.S. dollars per gallon)*
U.S. dollars per gallon
2018 2.72
2017 2.42
2016 2.14
2015 2.43
2014 3.36
2013 3.51
2012 3.62
2011 3.52
2010 2.78
2009 2.35
2008 3.25
2007 2.8
2006 2.57
2005 2.27
2004 1.85
2003 1.56
2002 1.35
2001 1.42
2000 1.48
1999 1.14
1998 1.03
1997 1.2
1996 1.2
1995 1.11
1994 1.08
1993 1.07
1992 1.09
1991 1.1
1990 1.3
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Retail price of gasoline in the United States 1990-2018
In 2018, one gallon of regular gasoline cost 2.72 U.S. dollars in the United States. The price of gasoline in the U.S. is significantly lower than in many other countries. At 6.89 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 between 2008 and 2010. U.S. gasoline prices peaked 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.

Tipping point

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. regular-grade 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 annual average retail price of regular-grade gasoline 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.
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