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Executive summary. In the United States, since approximately 2010, the price difference between regular gasoline with an octane rating, or Anti–Knock Index (AKI), of 87, and premium gasoline with an AKI of 91 has been increasing.
In the United States, the posted gasoline octane rating is the average of two different testing methods, the Research Octane Number (RON) and the Motor Octane Number (MON). The average is referred to as the Anti-Knock Index (AKI). Most U.S. LDV are designed for regular, 87 AKI gasoline.
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To assess octane costs, this study examines trends at the national, the Petroleum Administration for Defense District (PADD), and the regional wholesale market levels. The market for motor gasoline is global, and the U.S. gasoline market is interconnected with the global gasoline market through imports and exports.
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American crude oil production remains below pre-pandemic levels. Consequently, Canadian crude prices reached a 25-month high in June, averaging nine cents per litre above the previous five-year average for the quarter. Several factors have led to higher gasoline prices in the second quarter in North America.
Apr 16, 2024 · Gasoline prices in the U.S. are mostly determined by the price of crude oil. In 2023, crude oil prices accounted for 50 percent of regular gasoline fuel prices.
Jul 28, 2014 · The current gasoline price in the USA is USD 0.99 per liter and was updated on 24-Jun-2024. For comparison, the average price of gasoline in the world is USD 1.23 per liter. Source: U.S. Energy Information Administration. We show Octane-95 gasoline price data for the USA from 2014-07-21 to 2024-06-24.
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OPIS tracks current and historical pricing for oil products across the entire fuel supply chain. OPIS provides pricing reports, raw data, mobile apps and web-based pricing tools for the spot (also referred to as “bulk”), wholesale rack and retail fuel markets.
