We show that optical pump-terahertz probe spectroscopy is a direct experimental tool for exploring laser induced ionization and plasma formation in gases. Plasma was pro- duced in gaseous oxygen by focused ampli.ed femtosecond pulses. The ionization mech- anisms at 400 nm and 800 nm excitation wavelength di.er signi.cantly being primarily of a multiphoton character in the former case and a strong-.eld process in the latter case. The generation of the plasma in the focal volume of the laser, and its expansion on sub-nanosecond time scale scale is directly monitored through its density dependent susceptibility. A Drude model used to evaluate the plasma densities and electron scatter- ing rates successfully captures the observations for a wide range of pump intensities. In addition, rotational .ngerprints of molecular and ionic species were also observed in the spectra.