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DOE: Adjusted for inflation, the price of gasoline in 2019 was similar to the price in 1929

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The average annual price of gasoline has fluctuated greatly over the past several decades, but when adjusted for inflation (constant dollars), the price of gasoline in 2019 was only nine cents higher than in 1929, according to the US Department of Energy (DOE). The graph below shows the effect of the oil embargo in the early 1980s.

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How crude-oil prices influence gasoline prices

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Gasoline is one of the products refined from crude oil. Thus, the price of crude oil should have a strong influence on the price of gasoline. However, the retail price of gasoline includes other costs as well. Gasoline prices are also influenced by gasoline demand relative to gasoline supply.

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US demand for petroleum, gasoline rose in January; highest January deliveries since 2008

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These were the highest January deliveries in eight years, since 2008. Total motor gasoline deliveries, a measure of consumer gasoline demand, rose 1.4% Crude oil production decreased 1.4% Crude oil production decreased 1.4% Texas continued with high production, posting the highest ever January production.

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USDA study finds GHG from corn-based ethanol ~39% to 43% lower than from gasoline; reduction of >70% possible by 2022

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A new study released by the US Department of Agriculture (USDA) finds greenhouse gas emissions from corn-based ethanol are about 39% lower than gasoline. The study also states that when ethanol is refined at natural gas-powered refineries, the greenhouse gas emissions are even lower—around 43% below gasoline. Lewandrowski et al.

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Neste Oil to invest €65M to enhance high-octane gasoline production at Porvoo

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The investment, valued at approximately €65 million (US$88 million), is intended to increase the output of high-octane gasoline and improve refining flexibility at the site. When the new isomerization unit is completed in 2015, we will be able to refine higher volumes of premium-quality gasoline that commands a higher price on export markets.

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Mazda announces SKYACTIV-X: gasoline Spark Controlled Compression Ignition

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As part of the new technology to achieve this vision, the company disclosed plans to introduce a next-generation gasoline engine called SKYACTIV-X in 2019. This new proprietary combustion engine combines the advantages of gasoline and diesel engines to optimize environmental performance, power and acceleration performance.

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EIA: Estimated US 2012 gasoline consumption low compared to five-year average

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US gasoline consumption in the first quarter of 2012, which averaged about 8.5 Gasoline prices since the beginning of May 2012 were lower than the same time last year, and gasoline consumption showed some very modest gains in April and May. US gasoline consumption peaked in 2007 at 9.3 Click to enlarge.

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