Lower US Gasoline Prices Predicted for 2026 and 2027

Lower US Gasoline Prices Predicted for 2026 and 2027

U.S. retail gasoline prices are expected to be lower in the coming years, declining by 6 percent in 2026 and then rising marginally by 1 percent in 2027, the Energy Information Administration (EIA) said in a Jan. 20 report. “Our forecast for generally lower retail gasoline prices over the next two years follows an ongoing trend of falling gasoline prices since reaching a historical high point of $5/gallon in mid-2022. On a nominal basis, we esti…

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OTHER U.S. REGIONS: Glenfarne announces partnership with Danaos to advance Alaska LNG; Massachusetts punts another green promise; The Trump administration favors natural gas – what does that mean for CT?; NATIONAL: EIA expects lower gasoline prices in 2026 and 2027 as crude oil prices fall; DeSmog backfires again – fundraising help for ‘skeptic’ organizations?; INTERNATIONAL:...

EIA Sees USA Crude Oil Production Dropping in 2026, 2027

In its latest STEO, the EIA projected that total U.S. crude oil production will drop in 2026 and 2027.

EIA expects lower gasoline prices in 2026 and 2027 as crude oil prices fall

In the latest Short-Term Energy Outlook (STEO), EIA forecasts that retail US gasoline prices will be lower in the next two years than in 2025, falling 6% in 2026 and then increasing 1% in 2027.