U.S. Energy Information Administration - EIA - Independent …

2 days ago · Global oil prices: EIA expects growth in global oil production to outpace global demand for petroleum products, which would push oil prices downward through 2026. In EIA’s forecast, the Brent crude oil price will average $74 per barrel in 2025, 8% lower than in 2024, …

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U.S. Energy Information Administration - EIA - Independent …

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eia.gov

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EIA, AAA Predict Lower Oil Prices, Gasoline Costs Next Year - The …

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Dec 11, 2024 · New estimates suggest lower crude oil prices, lower gasoline prices and lower diesel prices. Crude oil prices should hover around $74 per barrel in 2025, down from the …

oklahoman.com

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Gas Prices Will Fall In The Next 2 Years As Global Oil Supply Outpaces ...

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16 hours ago · US gas prices will fall to $3.20 per gallon this year and $3.00 per gallon in 2026, the EIA says. The agency says the global oil glut will expand in the next two years, putting …

businessinsider.com

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EIA Forecasts Lower Crude Oil Prices In 2025, 2026

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1 day ago · Notably, we forecast that growth in liquids production in the US will slow to 1%, or around 300,000 b/d, in 2026 as operators reduce activity in response to low WTI prices,” said …

ogj.com

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AAA Fuel Prices

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Jan 9, 2025 · The retail price for regular-grade gasoline averaged $3.30 per gallon in 2024, 21 cents less than in 2023. The EIA also reported that the United States produced more crude oil …

aaa.com

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Gas Prices Climb To Start 2025 Due To Rising Oil Prices

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Jan 7, 2025 · Crude oil is the main ingredient in gasoline and diesel, so pump prices are impacted by crude prices on the global markets. On average, about 55% of what we pay for in a gallon …

aaa.com

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AAA Fuel Prices

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Oct 3, 2024 · Tepid gasoline demand and low oil costs will likely keep pump prices sliding. Today’s national average for a gallon of gas is $3.19, 13 cents less than a month ago and 60 …

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FAQs about U.S. Energy Information Administration - EIA - Independent … Coupon?

Why are gas prices lowering in 2025?

The lower gas prices largely reflect the agency's forecasts for lower crude oil prices amid a widening gap between oil supply and demand. The EIA forecasts Brent crude will fall 8% to an average of $74 per barrel in 2025 and 11% to $66 per barrel next year as the global oil glut expands. ...

Will gasoline prices decrease in 2024?

Check out the highlights of EIA products and programs this year. In our January Short-Term Energy Outlook (STEO), we expect average U.S. retail gasoline prices to decrease in 2024 because of increased inventories related to increased refinery capacity. In 2025, we expect slightly reduced gasoline consumption to further decrease prices. ...

Will crude oil prices be similar in 2024?

We expect crude oil prices in 2024 to be similar to those in 2023. As a result, our lower gasoline and diesel price outlooks next year reflect narrowing crack spreads, the difference between the wholesale prices of gasoline and diesel compared with crude oil. ...

Will oil prices be under pressure over the next two years?

Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report. ...

Will US L48 crude oil production be lower than EIA's September Steo forecast?

By December 2025, US L48 crude oil production will be 11.4 million b/d, 2% lower than EIA's September STEO forecast. In the October STEO, the US EIA lowered its Brent crude oil spot price forecast through end-2025. ...

Will gas prices fall in 2026?

Getty Images US gas prices will fall to $3.20 per gallon this year and $3.00 per gallon in 2026, the EIA says. The agency says the global oil glut will expand in the next two years, putting downward pressure on energy prices. ...