3.7 C
Ottawa
Wednesday, November 5, 2025

Americans to Pay Less at Pump in Coming Months, More for Power in Coming Years: Report

Date:

Americans to Pay Less at Pump in Coming Months, More for Power in Coming Years: Report

A customer pumps gas into his car at an Arco gas station in Mill Valley, Calif., on Aug. 28, 2025. Justin Sullivan/Getty Images

Falling oil prices will spur a decline of about 20 cents per gallon of gasoline on average across the United States by the end of 2025, the U.S. Energy Information Administration is projecting in its Sept. 9 short-term energy outlook.

“We expect the U.S. average retail price for regular-grade gasoline will average about $3.10 per gallon this year, down 20 cents [per gallon] from last year,” the administration said in its monthly analysis, forecasting that retail gasoline prices will fall to an average of $2.90 per gallon in early 2026 across the nation.

Share post:

Subscribe

Popular

More like this
Related

Trump Jokes About China Bilateral: Never Seen Men So Scared

President Donald Trump speaks during a breakfast meeting with...

Florida Wins Court Battle on Law Limiting Homes, Land Purchases by Chinese Citizens

Plaintiffs seeking to block the enforcement of SB 264...

US Steel, Nippon Steel Announce $11 Billion Investment Over 3 Years

Rolls of finished steel are seen at the U.S....

How Major US Stock Indexes Fared Nov. 5

Stocks gained ground on Wall Street following several upbeat...