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What’s Up With Gasoline Prices?

What's Up with Gasoline Prices?

Changes in gasoline and diesel prices mirror changes in crude oil prices. Those changes are determined in the global crude oil market by the worldwide demand for and supply of crude oil. Weak economic conditions in the U.S. and around the world in 2008 and into 2009 led to less demand which helped push prices down.

With the worldwide economic recovery underway, demand is on the rise again but unrest in the Middle East and North Africa has put supplies at risk. This combination of rising demand and reduced supply helped to push prices higher over the last few years. However, the recent downturn in prices was the result of the growth in oil supplies, largely from the U.S., outpacing the growth in global demand.

What's Up with Gasoline Prices? is available in both high and low resolution versions or visit the Gas Prices Explained website.

PDF Icon  What's Up with Gasoline Prices? - Hi-Res
File Type: pdf | File Size: 8348 kb | June 2015
PDF Icon What's Up with Gasoline Prices? - Low-Res
File Type: pdf | File Size: 1981 kb | June 2015

See high and low resolution versions of individual charts below:

Gasoline, diesel and crude oil prices

Changes in gasoline and diesel prices mirror
changes in crude oil prices

Permalink with Update Gasoline, Diesel & Crude Prices - Hi-Res (June 2015)
Permalink without Update Gasoline, Diesel & Crude Prices - Hi-Res
Permalink with Update Gasoline, Diesel & Crude Prices - Low-Res (June 2015)
Permalink without Update Gasoline, Diesel & Crude Prices - Low-Res

Oil Prices Relate to Uncertain Factors - thumbnail

A host of factors, many of them uncertain, affect the price of crude oil and the products made from it

Permalink with Update Global Oil Prices - Hi-Res (Sept. 2013)
Permalink without Update Global Oil Prices - Hi-Res
Permalink with Update Global Oil Prices - Low-Res (Sept. 2013)
Permalink without Update Global Oil Prices - Low-Res

Growth in global and oil disruptions and production

Growth in U.S. oil production has largely offset the growth in global oil supply disruptions since 2012

Permalink with Update Oil Supply Disruptions vs. U.S. Oil Growth - Hi-Res (June 2015)
Permalink without Update Oil Supply Disruptions vs. U.S. Oil Growth - Hi-Res
Permalink with Update Oil Supply Disruptions vs. U.S. Oil Growth - Low-Res (June 2015)
Permalink without Update Oil Supply Disruptions vs. U.S. Oil Growth - Low-Res
World liquid fuel consumption

World oil consumption is expected to grow as the global economy rebounds

Permalink with Update World Liquid Fuel Consumption - Hi-Res (June 2015)
Permalink without Update World Liquid Fuel Consumption - Hi-Res
Permalink with Update World Liquid Fuel Consumption - Low-Res (June 2015)
Permalink without Update World Liquid Fuel Consumption - Low-Res

Growth in world liquid fuel consumption

Growth in world oil consumption is expected to be concentrated in non-OECD countries

Permalink with Update Growth in World Liquid Fuel Consumption - Hi-Res (June 2015)
Permalink without Update Growth in World Liquid Fuel Consumption - Hi-Res
Permalink with Update Growth in World Liquid Fuel Consumption - Low-Res (June 2015)
Permalink without Update Growth in World Liquid Fuel Consumption - Low-Res

OPEC world liquid fuel consumption

OPEC Surplus crude oil capacity is expected to increase

Permalink with Update OPEC Surplus Crude Oil Production Capacity - Hi-Res (June 2015)
Permalink without Update OPEC Surplus Crude Oil Production Capacity - Hi-Res
Permalink with Update OPEC Surplus Crude Oil Production Capacity - Low-Res (June 2015)
Permalink without Update OPEC Surplus Crude Oil Production Capacity - Low-Res

The Value of a Dollar Makes a Difference - thumbnail

The Value of the Dollar Makes a Difference

Permalink with Update Percent Change of West Texas Intermediate Crude (WTI) in Dollars and Yen/Dollars and Euros (Jan. 2, 2014 – June 5, 2015) - Hi-Res (June 2015)
Permalink without Update Percent Change of West Texas Intermediate Crude (WTI) in Dollars and Yen/Dollars and Euros (Jan. 2, 2014 – June 5, 2015) - Hi-Res
Permalink with Update Percent Change of West Texas Intermediate Crude (WTI) in Dollars and Yen/Dollars and Euros (Jan. 2, 2014 – June 5, 2015) - Low-Res (June 2015)
Permalink without Update Percent Change of West Texas Intermediate Crude
(WTI) in Dollars and Yen/Dollars and Euros (Jan. 2, 2014 – June 5, 2015) - Low-Res

Accumulating Risks - thumbnail

There are accumulating risks to the development of oil and natural gas

Permalink with Update Accumulating Risks to the Development of Oil and Natural Gas - Hi-Res (Sept. 2013)
Permalink without Update Accumulating Risks to the Development of Oil and Natural Gas - Hi-Res
Permalink with Update Accumulating Risks to the Development of Oil and Natural Gas - Low-Res (Sept. 2013)
Permalink without Update Accumulating Risks to the Development of Oil and Natural Gas - Low-Res

SPR Storage Sites - thumbnail

The Strategic Petroleum Reserve: America's insurance policy in case of an oil supply disruption

Permalink with Update SPR Storage Sites - Hi-Res (Sept. 2013)
Permalink without Update SPR Storage Sites - Hi-Res
Permalink with Update SPR Storage Sites - Low-Res (Sept. 2013)
Permalink without Update SPR Storage Sites - Low-Res

What consumers are paying

What Consumers are Paying for at the Gasoline Pump (as of April 2015)

Permalink with Update What Consumers are Paying for at the Gasoline Pump - Hi-Res (June 2015)
Permalink without Update What Consumers are Paying for a the Gasoline Pump  - Hi-Res
Permalink with Update What Consumers are Paying for at the Gasoline Pump - Low-Res (June 2015)
Permalink without Update What Consumers are Paying for at the Gasoline Pump - Low-Res

Gasoline taxes

One reason the price of gasoline can vary by state is the fact that the taxes often do

Permalink with Update Gasoline Taxes - Hi-Res (Apr. 2015)
Permalink without Update Gasoline Taxes - Hi-Res
Permalink with Update Gasoline Taxes - Low-Res (Apr. 2015)
Permalink without Update Gasoline Taxes - Low-Res

Earnings

Earnings: Keeping America going strong

Permalink with Update Earnings - Hi-Res (Apr. 2015)
Permalink without Update Earnings - Hi-Res
Permalink with Update Earnings - Low-Res (Apr. 2015)
Permalink without Update Earnings - Low Res

Who owns big oil?

Who Owns "Big Oil"?

Permalink with Update Who Owns "Big Oil?" - Hi-Res (May 2015)
Permalink without Update Who Owns "Big Oil?" - Hi-Res
Permalink with Update Who Owns "Big Oil?" - Low-Res (May 2015)
Permalink without Update Who Owns "Big Oil?" - Low-Res

EIA prices forecast

Looking ahead: EIA's price forecast

Permalink with Update EIA Price Forecast - Hi-Res (June 2015)
Permalink without Update EIA Price Forecast - Hi-Res
Permalink with Update EIA Price Forecast - Low-Res (June 2015)
Permalink without Update EIA Price Forecast - Low-Res