What is the average cost of gasoline

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Single Accounts Corporate Solutions Universities. Premium statistics. Read more. Gasoline prices in the United States of all grades followed similar trends between January and October , reaching its highest level in October after a cyberattack on a pipeline caused a disequilibrium between supply and demand in May of that same year.

The previous year showed a trough in April at an average of 1. The continuous inexpensiveness of fuel between March and May is attributed to low demand amid the coronavirus pandemic. Impact of Covid on fuel prices The cost of gasoline in the United States is dictated by the supply and cost of light crude oil.

As crude oil demand halted due to the Covid pandemic, oil prices plummeted, making gasoline in the U. In April , gasoline demand in the United States was half of what it was in April One year on, the price of gasoline has reached its highest level in Differences in fuel grades Fuel grades at U. Higher grade fuels have higher octane levels, meaning that the fuel can be compressed more in the engine. This enables high-performance engines to create more power.

Fuel may also vary from state to state and pump to pump. Some cities also have regulations on gasoline in order to improve air quality. Bio-ethanol is added to gasoline in some cases to meet the renewable fuel standard. The content of bio-ethanol is not regulated but can be around 10 percent. You need a Single Account for unlimited access. Full access to 1m statistics Incl.

Single Account. View for free. Show source. Show detailed source information? Register for free Already a member? Log in. More information. Other statistics on the topic. Mathilde Carlier. Research Expert covering transportation and logistics.

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Corporate solution including all features. Statistics on " Oil and gasoline prices " The most important statistics. The most important statistics. Further related statistics. Motor fuel - retail prices in Wisconsin Motor fuel - retail prices in Wyoming Average gasoline price in the U.

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Statistics Motor fuel - retail prices in Wisconsin Motor fuel - retail prices in Wyoming Average gasoline price in the U. Topics Oil and gasoline prices. Learn more about how Statista can support your business. August 4, Gasoline prices in selected countries worldwide in 2nd quarter of in U.

In Statista. Accessed November 14, Statista Inc.. Accessed: November 14, Dollars per Gallon. Bloomberg, Gasoline prices in selected countries worldwide in 2nd quarter of in U.