Gasoline Price Prediction Calculator

Use this Gasoline Price Prediction Calculator to see where the average price of a gallon of gasoline in the United States is headed next.

Enter the current WTI and Brent crude oil prices, and the calculator will estimate the average U.S. retail gasoline price per gallon. Based on official data from the past five years, our regression model explains about 91% of the variation in U.S. gasoline prices. The regression is based on the last 60 months of WTI and Brent crude oil prices and U.S. regular gasoline prices.

Predictions reflect expected prices over the next few weeks, though actual prices may vary due to seasonal factors, refinery capacity, or market disruptions.

Reference

Our calculator uses the following regression equation to predict U.S. gasoline prices:

Where:

g_t is the U.S. retail gasoline price ($/gal),

w_t is WTI crude price ($/bbl),

b_t is Brent crude price ($/bbl),

e_t is the residual error.

 

Data Sources: All series — U.S. monthly retail gasoline prices, WTI crude oil, and Brent crude oil — are from Federal Reserve Economic Data (FRED).