The current gasoline price in Iceland is ISK 307.45 per liter or USD 2.23 per liter and was updated on 09-Sep-2024. For comparison, the average price of gasoline in the world is USD 1.21 per liter.
Iceland | Gasoline prices |
|---|---|
| Current price | 2.23 |
| Measure | USD/Liter |
| Last update | 2024-09-09 |
| Data availability from | 2014-09-29 |
| Data frequency | Weekly |
We show Octane-95 gasoline price data for Iceland from 2014-09-29 to 2024-09-09. The average gasoline price during that period is ISK 243.71 per liter with a minimum of ISK 186.40 on 2016-02-22 and a maximum ofISK 345.71 on 2022-06-13. Our data are obtained from official government sources, regulatory agencies, petroleum companies, and major media sources. We update the series for Iceland every week.
Gasoline prices | Price (ISK/Liter) | Percent change |
|---|---|---|
| Current price | 307.45 | - |
| One month ago | 313.52 | -1.9 % |
| Three months ago | 314.35 | -2.2 % |
| One year ago | 318.82 | -3.6 % |
Iceland Gasoline prices: The last eight weeks
Iceland Gasoline prices, liter, Icelandic Krona
* A long flat line means that the government fixes the prices.
Iceland: Gasoline price analytics | Value |
|---|---|
| Percent of world average gasoline price | 163.67% |
| Correlation with crude oil prices | 0.77 |
| Percent change if oil prices increase 10% | 2.56% |
| Correlation with USD exchange rate | -0.60 |
| Price flexibility index: 0 (low) - 1 (high) | 0.75 |
| Correlation with diesel fuel prices | 0.99 |
| Percent of diesel price | 99.70% |
| Cost of 40 liter tank, percent of income | 1.60% |
| Gasoline consumption, percent of income | 1.18% |
Updated monthly. Methodological notes
