The average price for regular gasoline in the United States stood at 3.52 U.S. dollars per gallon on July 15, 2024. This compared to a diesel price of 3.86 U.S. dollars per gallon. Prices increased alongside crude oil benchmarks in July.
Real price surge of 2022 and 2023 still below 2011 to 2014 prices
When looking at the real price of gasoline over time, U.S. drivers had to pay notably more in the years between 2011 and 2014. The surge in prices noted throughout 2022 and partly for 2023, which followed supply constraints, was still lower in terms of real U.S. dollars.
U.S. on the lower-end spectrum of worldwide motor fuel prices
The U.S. has some of the lowest conventional motor fuel prices in the world. Although fuel prices are usually higher in high-income countries, the U.S. profits from its position as the world’s largest crude oil producer and can keep retail prices for oil products comparatively low. For example, among high-income countries, prices for automotive premium gasoline (RON 95) were only lower in Russia and Saudi Arabia - countries where crude oil and oil product exports are in part restricted by sanctions, thus keeping domestic supply high.
Average regular gasoline and diesel prices in the United States from July 18, 2022 to July 15, 2024
(in U.S. dollars)
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American Automobile Association. (July 15, 2024). Average regular gasoline and diesel prices in the United States from July 18, 2022 to July 15, 2024 (in U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/
American Automobile Association. "Average regular gasoline and diesel prices in the United States from July 18, 2022 to July 15, 2024 (in U.S. dollars)." Chart. July 15, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/
American Automobile Association. (2024). Average regular gasoline and diesel prices in the United States from July 18, 2022 to July 15, 2024 (in U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/
American Automobile Association. "Average Regular Gasoline and Diesel Prices in The United States from July 18, 2022 to July 15, 2024 (in U.S. Dollars)." Statista, Statista Inc., 15 Jul 2024, https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/
American Automobile Association, Average regular gasoline and diesel prices in the United States from July 18, 2022 to July 15, 2024 (in U.S. dollars) Statista, https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/ (last visited July 22, 2024)
Average regular gasoline and diesel prices in the United States from July 18, 2022 to July 15, 2024 (in U.S. dollars) [Graph], American Automobile Association, July 15, 2024. [Online]. Available: https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/