The average price for regular gasoline in the United States stood at 3.41 U.S. dollars per gallon on August 19, 2024. This compared to a diesel price of 3.73 U.S. dollars per gallon. Prices decreased alongside crude oil benchmarks in the second week of August.
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 August 22, 2022 to August 19, 2024
(in U.S. dollars)
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American Automobile Association. (August 19, 2024). Average regular gasoline and diesel prices in the United States from August 22, 2022 to August 19, 2024 (in U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/?locale=en
American Automobile Association. "Average regular gasoline and diesel prices in the United States from August 22, 2022 to August 19, 2024 (in U.S. dollars)." Chart. August 19, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/?locale=en
American Automobile Association. (2024). Average regular gasoline and diesel prices in the United States from August 22, 2022 to August 19, 2024 (in U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/?locale=en
American Automobile Association. "Average Regular Gasoline and Diesel Prices in The United States from August 22, 2022 to August 19, 2024 (in U.S. Dollars)." Statista, Statista Inc., 19 Aug 2024, https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/?locale=en
American Automobile Association, Average regular gasoline and diesel prices in the United States from August 22, 2022 to August 19, 2024 (in U.S. dollars) Statista, https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/?locale=en (last visited August 24, 2024)
Average regular gasoline and diesel prices in the United States from August 22, 2022 to August 19, 2024 (in U.S. dollars) [Graph], American Automobile Association, August 19, 2024. [Online]. Available: https://www.statista.com/statistics/1293019/us-daily-average-gas-prices/?locale=en