GAS PRICES AT A GLANCE

U.S. gasoline prices remain high even as domestic oil production soars and gasoline demand remains weak. The big reason: U.S. drivers are competing with drivers around the world for every gallon of gasoline — and the world is thirsty for fuel.

 

Year

U.S. crude oil production (million barrels per day)

U.S. gasoline consumption (million barrels per day)

Average retail gasoline price

2017

2016

2015

2014

2013

9.0**

8.9

9.4

8.8

7.5

9.0**

9.3

9.1

8.9

8.8

$2.47**

$2.25

$2.52

$3.44

$3.57

2012

6.5

8.7

$3.63

2011

5.7

8.8

$3.53

2010

5.6

9.0

$2.78

2009

5.4

9.0

$2.35

2008

5.0

9.0

$3.26

2007

5.1

9.3

$2.81

 

 

 

 

*Projection
**Through March 2017 
Sources: Energy Information Administration and Oil Price Information Service