U.S. average gasoline prices and vehicle travel fell to multiyear lows in 2020

U.S. regular retail gasoline prices averaged $2.17 per gallon (gal) in 2020, 44 cents/gal (17%) lower than in 2019 and the lowest annual average since 2016. Gasoline prices at the beginning of the year were more than $2.50/gal; however, responses to the COVID-19 pandemic resulted in widespread reductions in passenger travel and gasoline demand, contributing to lower gasoline prices across the United States. Read more U.S. average gasoline prices and vehicle travel fell to multiyear lows in 2020

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Source: CTRM Center

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