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    U.S. Retail Gasoline Prices to Decrease in 2025 & 2026 with Lower Crude Oil Price

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    In our January Short-Term Energy Outlook, we now forecast U.S. retail gasoline prices through the end of 2026. We estimate U.S. average gasoline prices in 2025 will decrease by 11 cents per gallon (gal), or about 3%, compared with 2024. In 2026, we forecast a further decrease of about 18 cents/gal, or an additional 6%. The lower U.S. gasoline prices are primarily a result of lower crude oil prices, as well as decreasing gasoline consumption in 2026 because of increasing fleetwide fuel economy. Decreasing U.S. refinery capacity over the forecast period may offset some of the downward pressure of lower crude oil prices on gasoline prices.

    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO)

    Our forecast for decreasing U.S. retail gasoline prices over…

    Read the full article originally published at cleantechnica.com.

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