Fact #316: April 19, 2004
U.S. Gasoline and Crude Oil Prices, January 1998–February 2004
This graph shows the relationship between the monthly average 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 crude oil and gasoline prices, see the Energy Information Administration's This Week in Petroleum.
Index of Monthly Crude Oil and Gasoline Prices, January 1998–February 2004
Supporting Information
| Month | Motor Gasoline Retail Prices* (Cents per Gallon) | Crude Oil Prices** (Dollars per Barrel) | Index of Gasoline Prices | Index of Crude Oil Prices |
|---|---|---|---|---|
| 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 |
| Mar-03 | 179.1 | 30.61 | 1.510 | 2.015 |
| Apr-03 | 170.4 | 25.00 | 1.437 | 1.646 |
| May-03 | 158.7 | 25.86 | 1.338 | 1.702 |
| Jun-03 | 155.8 | 27.65 | 1.314 | 1.820 |
| Jul-03 | 156.7 | 28.35 | 1.321 | 1.866 |
| Aug-03 | 167.1 | 29.89 | 1.409 | 1.968 |
| Sep-03 | 177.1 | 27.11 | 1.493 | 1.785 |
| Oct-03 | 164.6 | 29.61 | 1.388 | 1.949 |
| Nov-03 | 157.8 | 28.73 | 1.331 | 1.891 |
| Dec-03 | 153.8 | 29.81 | 1.297 | 1.962 |
| Jan-04 | 163.5 | 33.73 | 1.379 | 2.221 |
| Feb-04 | 171.5 | 33.36 | 1.446 | 2.196 |
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* Motor gasoline prices are an average of all types of motor gasoline, including taxes. | ||||
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