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At a glance: Gas prices are high despite oil boom
Updated: Thursday, 21 Mar 2013, 10:03 AM MDT
Published : Thursday, 21 Mar 2013, 10:03 AM MDT
U.S. gasoline prices remain high even as domestic oil production soars and gasoline demand remains weak. The big reason: U.S. drivers are competing with drivers around the world for every gallon of gasoline — and the world is thirsty for fuel.
| Year | U.S. crude oil production (million barrels per day) | U.S. gasoline consumption (million barrels per day) | Average retail gasoline price |
| 2013 | 7.3* | 8.7* | $3.54** |
| 2012 | 6.5 | 8.7 | $3.63 |
| 2011 | 5.7 | 8.8 | $3.53 |
| 2010 | 5.6 | 9.0 | $2.78 |
| 2009 | 5.4 | 9.0 | $2.35 |
| 2008 | 5.0 | 9.0 | $3.26 |
| 2007 | 5.1 | 9.3 | $2.81 |
(asterisk) Projection
(asterisk)(asterisk) Through March 20
Sources: Energy Information Administration, Oil Price Information Service
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