What was the average price of gas in 1993?

The U.S. average price of regular gasoline in 1993 was $1.07 per gallon — about $2.38 in 2025 dollars after adjusting for inflation, according to U.S. Energy Information Administration data.

How does 1993 rank for gas prices in U.S. history?

Adjusted for inflation, 1993 was the 25th-most-expensive year for regular gasoline out of the 30 years on record (1970–1999). In raw at-the-pump dollars it ranks 15th.

Were gas prices higher in 1993 than in 1992?

Adjusted for inflation, regular gasoline was cheaper in 1993 than in 1992, down 3.6% year over year ($2.47 → $2.38 in 2025 dollars).

In 1993, gas averaged $1.07 nationally — $2.38 in today’s money

U.S. average · that year

$1.07

regular, at the pump in 1993

In 2025 dollars

$2.38

inflation-adjusted (CPI-U)

The average U.S. price of a gallon of regular gasoline across 1993, shown both as it was at the pump and adjusted for inflation to constant 2025 dollars. For years before 2000 this comes from EIA’s State Energy Data System (all-grades motor gasoline) and is approximate; from 2000 on it is the average of EIA’s monthly regular-grade retail prices.

Where it stands

How 1993 ranks in the 1970–1999 record

Adjusted for inflation

The 25th-most-expensive year on record — the 6th-cheapest of 30 years.

At the pump (nominal)

The 15th-highest pump price on record — before adjusting for inflation.

Annual figure only

1993 is an annual-average year

EIA’s weekly and monthly U.S. retail gasoline series begin in 2000, so for 1993 only an annual figure is available — there is no intra-year weekly high and low to chart. The value above is EIA’s State Energy Data System estimate (all-grades motor gasoline) and is approximate.

Year over year

1993 vs. the years on either side

vs. prior year · 1992

−3.6%

adjusted for inflation · −0.8% at the pump

1992 averaged $1.08 ($2.47 in 2025 $)

vs. following year · 1994

+1.5%

adjusted for inflation · −1.1% at the pump

1994 averaged $1.08 ($2.35 in 2025 $)

Common questions

U.S. gas prices in 1993, answered

What was the average price of gas in 1993?: The U.S. average price of regular gasoline in 1993 was $1.07 per gallon — about $2.38 in 2025 dollars after adjusting for inflation, according to U.S. Energy Information Administration data.
How does 1993 rank for gas prices in U.S. history?: Adjusted for inflation, 1993 was the 25th-most-expensive year for regular gasoline out of the 30 years on record (1970–1999). In raw at-the-pump dollars it ranks 15th.
Were gas prices higher in 1993 than in 1992?: Adjusted for inflation, regular gasoline was cheaper in 1993 than in 1992, down 3.6% year over year ($2.47 → $2.38 in 2025 dollars).

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Source: U.S. Energy Information Administration. 1993 is from EIA’s State Energy Data System (all-grades motor gasoline), the only EIA series reaching before 2000, and is approximate — it runs roughly 4% below the post-2000 retail series. Inflation adjustment uses the BLS Consumer Price Index (CPI-U), constant 2025 dollars.