Oil and gas prices expected to stay significantly lower through 2026
Fox Business·2025-12-03 06:02

Oil and gasoline prices are expected to decline next year, according to the latest forecast from the Energy Information Administration (EIA). The EIA published its November Short-Term Energy Outlook last month, which projected that the price of Brent crude oil will decline from 69abarrelin2025to69 a barrel in 2025 to 55 a barrel next year. That would be well below the 81perbarrelthatprevailedin2024.Gaspricesarealsoprojectedtocontinuetheirdeclineintonextyear.Retailgaspricesaveraged81 per barrel that prevailed in 2024.Gas prices are also projected to continue their decline into next year. Retail gas prices averaged 3.30 a gallon in 2 ...