In the second half of 2014, the national average retail price per gallon of gasoline (all grades) fell from a high of $3.77 in June to a low of $2.63 in December – a difference of $1.14 per gallon. This is the largest price drop since the recession of 2008 where a loss of demand led to collapsing fuel prices. The price of gasoline is highly volatile and often varies substantially throughout any given year. The year 2010 is an exception with a modest price variation and gasoline prices remaining under $3.00 per gallon for almost the entire year.

National Average Retail Price of Gasoline (All grades) by Month, 2008 – 2014
(Dollars per Gallon)

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Fact #858 Dataset

Supporting Information

National Average Retail Price of Retail Gasoline (All Grades) by Month, 2008-2014
(Dollars per Gallon)
MonthYear
2008200920102011201220132014
Jan3.101.842.773.153.443.393.39
Feb3.081.982.703.263.643.743.43
Mar3.292.012.823.623.913.783.61
Apr3.512.102.903.853.963.643.74
May3.822.322.893.963.793.683.75
Jun4.112.682.793.743.603.693.77
Jul4.112.582.783.713.503.663.69
Aug3.832.672.783.703.783.653.57
Sep3.762.612.763.673.913.603.48
Oct3.112.612.853.513.813.423.26
Nov2.212.712.913.443.523.323.00
Dec1.752.663.053.333.383.362.63

Source: Energy Information Administration, U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon), accessed 01/22/2015.

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