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Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids.
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Two ways to compare current gasoline prices with historical prices are by the nominal price or the real price. The graph below shows the average annual nominal and real prices of retail regular-grade gasoline from 1976 through 2025. The real prices are based on the value of the U.S. dollar in May 2024. The graph also shows the U.S. Energy Information Administration's (EIA) forecast for average annual prices for 2024 and 2025 in the May 2024 Short-Term Energy Outlook.
Click to enlarge
EIA publications that provide historical, recent, and projected U.S. retail gasoline prices (including federal, state, and local taxes) include:
Last updated: July 12, 2024.
