U.S. gasoline real prices 2023

One gallon of motor gasoline cost end users in the United States around 1.24 real U.S. dollars in 2023, down from 1.43 real U.S. dollars in the previous year. Figures in 2022 were impacted by that years surge in crude oil prices, following supply restraints related to the Russia-Ukraine war. According to the source, real dollars have been adjusted for inflation. They reflect the purchasing power of a U.S. dollar relative to the period from 1982 to 1984.

Real price of motor gasoline for end users in the United States in selected years from 1980 to 2023 (in real U.S. dollars per gallon)

Characteristic	Price in real U.S. dollars per gallon
2023	1.24
2022	1.43
2021	1.16
2020	0.87
2019	1.06
2018	1.11
2017	1.01
2016	0.92
2015	1.06
2014	1.45
2013	1.54
2012	1.61
2011	1.59
2010	1.3
2009	1.12
2008	1.54
2007	1.37
2006	1.31
2005	1.2
2000	0.91
1995	0.79
1990	0.93
1985	1.11
1980	1.48

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Release date

March 2024

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Region

United States

Survey time period

1980 to 2023

Supplementary notes

Including taxes; all prices are presented in real (1982-1984) U.S. dollars. According to the source, these are dollars that have been adjusted for inflation.

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