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Fuel Fact of the Week

Fact #1085: The Average Annual Gasoline Price in 2018 Was $2.74



The price of gasoline has fluctuated over the years and has in the last decade experienced sharp increases and decreases. Gasoline prices increased in the wake of the 1973 and 1979 oil crises, with the price of gasoline peaking in 1982. From 2002 to 2008, the price rose substantially, but then fell sharply in 2009 during the economic recession. In 2012, prices reached their highest level in both current and constant dollars. Average gasoline price in 2018 was $2.74.

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Past Fuel Facts of the Week.

Question of the Month

How is fuel economy determined and reported for alternative fuel vehicles?

Last month we learned about how the U.S. Environmental Protection Agency (EPA) determines and reports conventional light-duty vehicle fuel economy ratings. While alternative fuel vehicle (AFV) fuel economy testing is largely similar to that of conventional fuels, the EPA makes some adjustments to account for different vehicle technology and fuel energy content. By tailoring AFV fuel economy testing and reporting, the EPA is able to provide apples-to-apples comparisons and allow consumers to make informed decisions.

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