Frequently Asked Questions

What's up (and down) with gasoline prices?

The U.S. Energy Information Administration’s (EIA) analysis of the petroleum market indicates that fluctuations in the price of crude oil are the main contributing factors to the substantial changes in gasoline prices the United States has experienced in recent years. Crude oil prices are affected by levels of supply relative to actual and expected demand for the petroleum products made from crude oil.

Learn more: 

Gasoline and oil prices are often topics in EIA's This Week in Petroleum and in Today in Energy.  

EIA’s Short-Term Energy Outlook and the Market Prices and Uncertainty Report provide the most recent gasoline and oil price projections.

What drives U.S. gasoline prices?

What drives crude oil prices?

Factors affecting gasoline prices

Weekly retail gasoline prices

Last updated: December 18, 2014

Other FAQs about Gasoline

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Conversion & Equivalents

Crude Oil





General Energy

Natural Gas




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