Iceland Gasoline prices, 17-Jun-2024

The current gasoline price in Iceland is ISK 314.35 per liter or USD 2.26 per liter and was updated on 17-Jun-2024. For comparison, the average price of gasoline in the world is USD 1.22 per liter.
Gasoline prices
 Current price 2.26
 Measure USD/Liter
 Last update 2024-06-17
 Data availability from 2014-07-07
 Data frequency Weekly

We show Octane-95 gasoline price data for Iceland from 2014-07-07 to 2024-06-17. The average gasoline price during that period is ISK 242.17 per liter with a minimum of ISK 186.40 on 2016-02-22 and a maximum of ISK 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.

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Gasoline prices
Price (ISK/Liter) Percent change
 Current price 314.35 -
 One month ago 315.56 -0.4 %
 Three months ago 313.35 0.3 %
 One year ago 307.53 2.2 %

Our data on: CNN Bloomberg Reuters

Iceland Gasoline prices: The last eight weeks

Iceland Gasoline prices: The last eight weeks

Iceland Gasoline prices, liter, Icelandic Krona

Iceland Gasoline prices: Historical graph; 2014-07-07-2024-06-17
* A long flat line means that the government fixes the prices.
Iceland: Gasoline price analytics
Percent of world average gasoline price     157.67%
Correlation with crude oil prices     0.77
Percent change if oil prices increase 10%     2.56%
Correlation with USD exchange rate     -0.58
Price flexibility index: 0 (low) - 1 (high)     0.75
Correlation with diesel fuel prices     0.99
Percent of diesel price     97.58%
Cost of 40 liter tank, percent of income     1.57%
Gasoline consumption, percent of income     1.16%
Updated monthly. Methodological notes
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