What is today's gasoline price in California?
The current California gasoline price is $4.454/L, updated March 22, 2026. California typically has among the highest fuel prices in the US due to state taxes, blending requirements, and refinery costs.
What is the current global crude oil price?
Today's Brent crude oil benchmark is $106.41/barrel. This global oil price directly influences retail fuel costs worldwide — when crude rises, pump prices typically follow within 1–2 weeks.
How do European gas prices compare to the US?
European gas prices average €1.605/L across our tracked markets (Athens, Stuttgart, Bulgaria, Cyprus). EU prices are higher than the US due to substantially heavier fuel excise taxes — often 50–65% of the pump price.
Which city has the cheapest gas price right now?
Dubai (UAE) consistently has the lowest gas prices among our tracked markets at $0.622/L, thanks to heavy government fuel subsidies. Bulgaria is typically the most affordable within Europe.
How often are prices updated?
FuelWatch fetches fresh prices once per day automatically from open data sources including GlobalPetrolPrices.com, AAA fuel averages, and Yahoo Finance. The last update was March 22, 2026 at 10:57 UTC.
What does the gas-to-oil ratio mean?
The ratio shows how many cents of retail gas price correspond to each dollar of crude oil cost. A rising ratio signals that taxes, refining margins, or distribution costs are growing faster than crude — a key indicator tracked by energy analysts and commodity traders.