In accordance with the U.S. Vitality Info Administration’s (EIA) newest brief time period vitality outlook (STEO), which was launched on April 10, the U.S. common gasoline value will common $3.09 per gallon in 2025.
In its newest STEO, the EIA tasks that the U.S. common gasoline value will common $3.10 per gallon within the second quarter of this 12 months, $3.14 per gallon within the third quarter, and $3.01 per gallon within the fourth quarter. This STEO highlights that the gasoline value averaged $3.10 per gallon within the first quarter of this 12 months and $3.31 per gallon total in 2024.
In its earlier STEO, which was launched in March, the EIA projected that the U.S. common gasoline value would common $3.22 per gallon this 12 months. The EIA forecast in that STEO that the gasoline value would are available in at $3.10 per gallon within the first quarter of 2025, $3.24 per gallon within the second quarter, $3.39 per gallon within the third quarter, and $3.16 per gallon within the fourth quarter.
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The EIA projected in its April STEO that the U.S. common gasoline value will common $3.11 per gallon in 2026. The group’s March STEO noticed the gasoline value averaging $3.21 per gallon in 2026.
In its newest STEO, the EIA projected that the U.S. common gasoline value will common $2.99 per gallon within the first quarter of subsequent 12 months, $3.21 per gallon within the second quarter, $3.22 per gallon within the third quarter, and $3.00 per gallon within the fourth quarter. In its March STEO, the EIA forecast that the gasoline value would are available in at $3.11 per gallon within the first quarter of 2026, $3.30 per gallon within the second quarter, $3.33 per gallon within the third quarter, and $3.10 per gallon within the fourth quarter.
“We forecast that this summer season’s inflation adjusted U.S. common common gasoline value would be the lowest since 2020,” the EIA mentioned in its April STEO.
“The 2025 forecast summer season common of about $3.10 per gallon relies on the typical of the 2Q25 and 3Q25 U.S. common gasoline value, when elevated journey through the hotter months of the 12 months places upward strain on gasoline costs,” it added.
“We count on gasoline costs will common close to $3.20 per gallon in the summertime of 2026. In contrast with latest years, decrease forecasted U.S. gasoline costs in 2025 and 2026 are primarily a results of decrease crude oil costs,” it continued.
“Though we count on crude oil costs will proceed to fall in 2026, making a downward impact on gasoline costs, that impact is offset by refinery closures and decrease gasoline inventories, which trigger refining margins for gasoline to rise,” the EIA went on to state.
The EIA famous in its newest STEO that this summer season’s common gasoline value will fall under $3.50 per gallon for the primary time since 2020, “when the summer season gasoline costs averaged $2.55 per gallon”.
“Summer season gasoline costs reached a decade excessive of $4.67 per gallon in 2022, lowering in subsequent years,” it highlighted.
In its newest gasoline gas replace, which was launched on April 15, the EIA confirmed that the U.S. common gasoline value averaged $3.162 per gallon on March 31, $3.243 per gallon on April 7, and $3.168 per gallon on April 14. The April 14 value was $0.460 decrease than the 12 months in the past common, the EIA outlined within the replace.
In accordance with the AAA Gas Costs web site, the typical U.S. common gasoline value is $3.162 per gallon, as of April 18. Yesterday’s common was $3.167 per gallon, the week in the past common was $3.210 per gallon, the month in the past common was $3.078 per gallon, and the 12 months in the past common was $3.674 per gallon, the positioning highlighted.
The best recorded common value for normal gasoline within the U.S. was seen on June 14, 2022, at $5.016 per gallon, the AAA Gas Costs website outlined.
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