Nationwide gas prices remain consistent, as the United States continues to top the global oil production ranking.
In the realm of energy consumption, the United States has experienced a fascinating shift in the past year, with gasoline prices and electric vehicle (EV) charging costs painting contrasting pictures.
Gasoline Prices
In 2023, the national average gasoline price in the United States was approximately $3.52 per gallon, marking a significant increase from previous years [1]. However, a welcome decline was observed in 2024, with the average dropping to $3.30 per gallon, representing a decrease of around 6.1% [1].
Throughout 2024 and into 2025, gasoline prices have generally trended downward or remained relatively stable. By mid-August 2025, the national average was hovering around $3.14 to $3.16 per gallon, which is about 8.8% lower than the previous year at the same time [1][2][3].
Regional variations play a significant role in gasoline prices. California consistently has the highest prices, with Hawaii and Washington following closely. Conversely, states like Oklahoma, Mississippi, and Kansas have the lowest prices [1][3].
Electric Vehicle (EV) Public Charging Costs
While the national average gasoline price has seen a noticeable decline, the cost of public EV charging remains less straightforward. As of mid-2024 and 2025, EV public charging costs have seen a range of pricing models, including per kWh fees, per minute fees, or flat session rates. These costs can vary widely by region, charging network, and charger type (Level 2 vs. DC fast charging) [4].
Public fast charging generally remains more expensive than home charging but is becoming more affordable with advances in charging technology and increased network density. However, up-to-date statistics on public EV charging pricing from 2023 into 2024 or 2025 are not readily available [4].
Crude Oil Inventory and Production
U.S. crude oil inventories decreased by 1.0 million barrels, leaving the total at 414.6 million barrels. Despite this decrease, domestic gasoline stocks climbed significantly, rising from 231.4 million barrels to 237.7 million barrels [5].
The United States continues to dominate global oil production, with crude oil production in 2023 averaging 12.9 million barrels daily, surpassing the previous U.S. and global record of 12.3 million barrels set in 2019 [6]. The EIA projects that the United States will maintain its position as the top oil producer globally, with no immediate challenges from other nations.
In conclusion, while gasoline prices have seen a notable decline, EV public charging costs remain varied and less predictable. For the most current data on EV public charging costs, it's advisable to consult recent reports or data from EV charging networks or energy agencies.
References:
- U.S. Energy Information Administration
- AAA Daily Fuel Gauge Report
- GasBuddy
- EV Adoption Index
- U.S. Energy Information Administration
- U.S. Energy Information Administration
- The fluctuating gasoline prices contrast with the complex and regionally varied costs of public EV charging in the energy industry.
- Despite the decline in gasoline prices, the finance sector, especially in the automotive and transportation industries, must consider the rising costs of owning and operating electric vehicles.
- The consistent increase in U.S. crude oil production, driven by its dominance in the industry, impacts the overall financial landscape, including trading and investment opportunities in the energy sector.
