Fact #261: March 31, 2003
U.S. Gasoline and Crude Oil Prices, January 1998-February 2003
This graph shows the relationship between the monthly average Brent spot price of crude oil and the retail price of gasoline in the United States from January 1998 to February 2003. For analysis of the ups and downs of the crude oil and gasoline prices, see the Energy Information Administration's This Week in Petroleum.
Index of Gasoline and Crude Oil Prices, January 1998–February 2003
Supporting Information
| Month | Motor Gasoline Retail Prices (¢/gal) |
Crude Oil Brent Spot Prices ($/bbl) |
Index of Gasoline Prices (Jan 1998 = 1.000) |
Index of Crude Oil Prices (Jan 1998 = 1.000) | |
|---|---|---|---|---|---|
| Jan-98 | 118.6 | 15.19 | 1.000 | 1.000 | |
| Feb-98 | 113.7 | 14.07 | 0.959 | 0.926 | |
| Mar-98 | 109.7 | 13.10 | 0.925 | 0.862 | |
| Apr-98 | 110.6 | 13.53 | 0.933 | 0.891 | |
| May-98 | 114.6 | 14.36 | 0.966 | 0.945 | |
| Jun-98 | 114.8 | 12.21 | 0.968 | 0.804 | |
| Jul-98 | 113.4 | 12.08 | 0.956 | 0.795 | |
| Aug-98 | 110.8 | 11.91 | 0.934 | 0.784 | |
| Sep-98 | 109.1 | 13.34 | 0.920 | 0.878 | |
| Oct-98 | 109.9 | 12.70 | 0.927 | 0.836 | |
| Nov-98 | 108.6 | 11.04 | 0.916 | 0.727 | |
| Dec-98 | 104.6 | 9.82 | 0.882 | 0.646 | |
| Jan-99 | 103.1 | 11.11 | 0.869 | 0.731 | |
| Feb-99 | 101.4 | 10.27 | 0.855 | 0.676 | |
| Mar-99 | 104.8 | 12.51 | 0.884 | 0.824 | |
| Apr-99 | 123.2 | 15.29 | 1.039 | 1.007 | |
| May-99 | 123.3 | 15.23 | 1.040 | 1.003 | |
| Jun-99 | 120.4 | 15.86 | 1.015 | 1.044 | |
| Jul-99 | 124.4 | 19.08 | 1.049 | 1.256 | |
| Aug-99 | 130.9 | 20.22 | 1.104 | 1.331 | |
| Sep-99 | 133.4 | 22.54 | 1.125 | 1.484 | |
| Oct-99 | 132.9 | 22.00 | 1.121 | 1.448 | |
| Nov-99 | 131.9 | 24.58 | 1.112 | 1.618 | |
| Dec-99 | 135.3 | 25.47 | 1.141 | 1.677 | |
| Jan-00 | 135.6 | 25.51 | 1.143 | 1.679 | |
| Feb-00 | 142.2 | 27.78 | 1.199 | 1.829 | |
| Mar-00 | 159.4 | 27.49 | 1.344 | 1.810 | |
| Apr-00 | 156.1 | 22.76 | 1.316 | 1.498 | |
| May-00 | 155.2 | 27.74 | 1.309 | 1.826 | |
| Jun-00 | 166.6 | 29.80 | 1.405 | 1.962 | |
| Jul-00 | 164.2 | 28.68 | 1.384 | 1.888 | |
| Aug-00 | 155.9 | 30.20 | 1.315 | 1.988 | |
| Sep-00 | 163.5 | 33.14 | 1.379 | 2.182 | |
| Oct-00 | 161.3 | 30.96 | 1.360 | 2.038 | |
| Nov-00 | 160.8 | 32.55 | 1.356 | 2.143 | |
| Dec-00 | 154.4 | 25.66 | 1.302 | 1.689 | |
| Jan-01 | 152.5 | 25.62 | 1.286 | 1.687 | |
| Feb-01 | 153.8 | 27.50 | 1.297 | 1.810 | |
| Mar-01 | 150.3 | 24.52 | 1.267 | 1.614 | |
| Apr-01 | 161.7 | 25.64 | 1.363 | 1.688 | |
| May-01 | 181.2 | 28.29 | 1.528 | 1.862 | |
| Jun-01 | 173.1 | 27.82 | 1.460 | 1.831 | |
| Jul-01 | 156.5 | 24.62 | 1.320 | 1.621 | |
| Aug-01 | 150.9 | 25.66 | 1.272 | 1.689 | |
| Sep-01 | 160.9 | 25.62 | 1.357 | 1.687 | |
| Oct-01 | 144.2 | 20.55 | 1.216 | 1.353 | |
| Nov-01 | 132.4 | 18.76 | 1.116 | 1.235 | |
| Dec-01 | 120.0 | 18.71 | 1.012 | 1.232 | |
| Jan-02 | 120.9 | 19.42 | 1.019 | 1.278 | |
| Feb-02 | 121.0 | 20.28 | 1.020 | 1.335 | |
| Mar-02 | 132.4 | 23.70 | 1.116 | 1.560 | |
| Apr-02 | 149.3 | 25.73 | 1.259 | 1.694 | |
| May-02 | 150.8 | 25.35 | 1.272 | 1.669 | |
| Jun-02 | 148.9 | 24.08 | 1.255 | 1.585 | |
| Jul-02 | 149.6 | 25.74 | 1.261 | 1.695 | |
| Aug-02 | 150.8 | 26.65 | 1.272 | 1.754 | |
| Sep-02 | 150.7 | 28.40 | 1.271 | 1.870 | |
| Oct-02 | 153.5 | 27.54 | 1.294 | 1.813 | |
| Nov-02 | 153.4 | 24.34 | 1.293 | 1.602 | |
| Dec-02 | 147.7 | 28.33 | 1.245 | 1.865 | |
| Jan-03 | 155.7 | 31.18 | 1.313 | 2.053 | |
| Feb-03 | 168.6 | 32.77 | 1.422 | 2.157 | |
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Note: Motor gasoline prices are an average of all types of motor gasoline, including taxes. | |||||
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