Gasoline prices dropped in 2019 and 2020 as the US increased its domestic oil production to become energy independent. Gasoline prices increased in 2021 as the US lowered its domestic oil production to pursue wind and solar in compliance with the UN and EU demand to reduce carbon. The US ignored this in 2018 and began expanding US Natural Gas. Biden shut this down in 2021 and oil prices began to rise.
In 2019 and 2020, gasoline prices were $2.00 to $3.00. In 2021, 2022 and 2023 gasoline prices were over $3.00 to $4.90.
US Regular Gasoline Prices
2023
U.S.
Regular All Formulations Retail Gasoline Prices (Dollars per Gallon) (eia.gov)
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epmr_pte_nus_dpg&f=m
By EIA 12/31/23
Month Year Price
Dec 2023
3.134
Nov 2023
3.318
Oct 2023
3.613
Sept 2023
3.836
Aug 2023
3.840
July 2023
3.597
Jun 2023 3.571
May 2023 3.555
Apr 2023
3.603
Mar 2023 3.422
Feb 2023 3.389
Jan 2023 3.339
US Regular Gasoline Prices
2022
Dec 2022 3.307
Nov 2022 3.395
Oct 2022 3.291
Sep 2022 3.175
Aug 2022 3.975
Jul 2022
4.559
Jun 2022 4.929
May 2022 4.444
Apr 2022 4.109
Mar 2022 4.222
Feb 2022 3.517
Jan 2022 3.315
US Regular Gasoline Prices
2021
Month Year Price
Dec 2021 3.307
Nov 2021 3.395
Oct 2021
3.291
Sep 2021
3.175
Aug 2021
3.058
Jul 2021
3.136
Jun 2021
2.064
May 2021
2.985
Apr 2021
2.858
Mar 2021
2.810
Feb 2021
2.501
Jan 2021
2.334
US Regular Gasoline Prices
2020
Dec 2020 2.195
Nov 2020 2.108
Oct 2020
2.158
Sep 2020 2.183
Aug 2020 2.184
Jul 2020
2.123
Jun 2020
2.082
May 2020 1.870
April 2020 1.841
Mar 2020
2.284
Feb 2020
2.542
Jan 2020
2.548
US Regular Gasoline Prices
2019
Dec 2019
2.555
Nov 2019
2.598
Oct 2019
2.627
Sep 2019
2.592
Aug 2019
2.623
Jul 2019
2.740
Jun 2019
2.716
May 2019
2.859
Apr 2019
2.798
Mar 2019
2.516
Feb 2019
2.309
Jan 2019 2.248
U.S. Regular All Formulations Retail Gasoline Prices (Dollars per Gallon) (eia.gov)
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epmr_pte_nus_dpg&f=m
In 2020, the US exported more oil than it imported. In 2021 the US is expected to import 3.7MBBL and increase imports to 4.4MBBL in 2022.
https://dailyenergyinsider.com/news/29194-united-states-exported-more-petroleum-than-it-imported-in-2020-according-to-eia/
Norb
Leahy, Dunwoody GA Tea Party Leader
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