How Low Will Gasoline Prices Go?

For months now, the cost of a barrel of crude oil has been falling and now, those prices are falling rapidly.

But what does the falling price of crude oil today mean for you at the gasoline pump? How will the price of a barrel of crude oil translate into the price you pay per gallon?

Well, we have an app for that! It's based on James Hamilton's regression analysis of oil prices and U.S. gasoline prices from 2000 through the present, the main thing you need to know to predict where the price of gasoline in the U.S. is the price of a barrel of Brent crude oil, which if you're accessing our site directly, appears below (via Oil-Price.Net)!

All you need to do is enter that current price in our tool, and we'll estimate how much the average price of a gallon of gasoline will be in the U.S. within the next several weeks.

Crude Oil Price Data
Input Data	Values
Price per Barrel of Brent Crude Oil

Future Price of Gasoline in U.S.
Calculated Results	Values
Average U.S. Price per Gallon

This tool is an updated version of our original Where Are U.S. Gas Prices Going? tool, the math for which has become very relevant again!