End-use prices vs. crude oil price trend in selected countries, 2005-2018

Notes

Note: Prices for individual countries are in nominal US dollars to emphasize that gasoline prices in these countries remained relatively stable for many years until recently. World average gasoline prices are also in nominal US dollars. Crude oil percent change refers to nominal (i.e., not deflated) North Sea dated crude spot prices, as calculated from daily quotations from Argus Crude.