U.S. gasoline prices in 2016 were the lowest since 2004

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05 Jan

U.S. gasoline prices in 2016 were the lowest since 2004">U.S. gasoline prices in 2016 were the lowest since 2004

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(Fri, 06 Jan 2017) U.S. regular retail gasoline prices averaged $2.14 per gallon (gal) in 2016, 29 cents/gal (12%) less than in 2015 and the lowest annual average price since 2004. Lower crude oil prices in 2015 were the main cause of lower gasoline prices. In 9 of the 10 cities for which EIA collects weekly retail price data, gasoline prices did not exceed $3.00/gal.

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