What This Chart Shows
This chart displays the average weekly retail price of regular gasoline in the United States, measured in dollars per gallon. It reflects nationwide fuel costs across all formulations and regions, making it the most widely used benchmark for U.S. gasoline prices.
The chart highlights long‑term price trends driven by crude oil markets, refining capacity, seasonal demand, and broader economic conditions.
Why Gasoline Prices Matter
Gasoline is one of the most visible and economically important consumer prices. Its movements are shaped by:
- Crude oil prices (WTI and Brent)
- Refining margins and capacity utilization
- Seasonal driving demand
- Federal and state fuel taxes
- Supply disruptions and geopolitical events
- Broader inflation and economic cycles
Because gasoline is a major household expense, its price is a key driver of consumer sentiment and inflation.
Key Insights
- Gasoline prices closely track crude oil trends.
- Seasonal patterns (summer driving season) create predictable fluctuations.
- Refinery outages or hurricanes can cause sharp regional spikes.
- Taxes and environmental regulations influence state‑level price differences.
- Gasoline is one of the most watched consumer price indicators in the U.S.
Source
U.S. Energy Information Administration (via FRED), Series ID: GASREGW