How do recent gasoline prices compare with historical prices?
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 2026. The real prices are based on the value of the U.S. dollar in February 2025. The graph also shows the U.S. Energy Information Administration's (EIA) forecast for average annual prices for 2025 and 2026 in the February Short-Term Energy Outlook.
EIA publications that provide historical, recent, and projected U.S. retail gasoline prices (including federal, state, and local taxes) include:
- Gasoline and Diesel Fuel Update—This weekly report provides the most recent available and historical nominal prices for retail gasoline nationally and by PADD region. Gasoline prices from the report are available by grade and formulation and by area.
- Short-Term Energy Outlook (STEO) —This monthly report includes forecasts for average monthly, quarterly, and annual U.S. retail, regular-grade gasoline prices for the current year and for the next one to two years. The STEO Real Prices Viewer shows historical and forecast nominal and real prices for retail regular-grade gasoline.
- Annual Energy Outlook (AEO)—This annual report includes projections for average real and nominal prices for U.S. retail gasoline out to the year 2050. You can find these projections in the Reference case Table 12: Petroleum and Other Liquids Prices and in the side cases.
Last updated: February 11, 2025.