Government forecasts lower gasoline prices in 2025

OK Energy Today January 22, 2025

The same week that gasoline prices shot up 13 cents on average in Oklahoma,(see OK Energy Today) the government came out with a report predicting lower prices in 2025 and 2026.

The prediction, from the U.S. Energy Information Administration, expects lower gasoline prices because of anticipated lower crude oil prices.

Here is the forecast from the EIA:

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%.

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