In its newest quick time period vitality outlook (STEO), which was launched on February 11, the U.S. Vitality Data Administration (EIA) projected that the U.S. common gasoline worth will drop this 12 months and subsequent 12 months.
That STEO forecast that the common gasoline worth will common $3.21 per gallon in 2025 and $3.14 per gallon in 2026. The STEO highlighted that the 2024 U.S. common gasoline worth averaged $3.31 per gallon.
In its earlier STEO, which was launched in January, the EIA projected that the U.S. common gasoline worth would common $3.20 per gallon this 12 months and $3.02 per gallon subsequent 12 months.
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The EIA forecast in its newest STEO that the common gasoline worth will are available in at $3.10 per gallon within the first quarter of 2025, $3.26 per gallon within the second quarter, $3.35 per gallon within the third quarter, $3.11 per gallon within the fourth quarter, $3.05 per gallon within the first quarter of 2026, $3.24 per gallon throughout the second and third quarters, and $3.00 per gallon within the fourth quarter.
In its earlier January STEO, the EIA noticed the common gasoline worth averaging $3.06 per gallon within the first quarter of 2025, $3.31 per gallon within the second quarter, $3.33 per gallon within the third quarter, $3.06 per gallon within the fourth quarter, $2.98 per gallon within the first quarter of 2026, $3.14 per gallon within the second quarter, $3.08 per gallon within the third quarter, and $2.85 per gallon within the fourth quarter.
“Motor gasoline is the one one of many three major transportation fuels that we don’t forecast to surpass 2019 volumes in the USA within the subsequent two years,” the EIA mentioned in its February STEO.
“Gas effectivity features within the automobile fleet have usually outpaced progress in driving since 2019, permitting drivers to journey extra miles utilizing much less gasoline,” it added.
“We forecast U.S. motor gasoline consumption to stay about flat in 2025 as driving exercise, measured by automobile miles traveled, retains tempo with gasoline effectivity features. We forecast gasoline consumption to lower barely in 2026, after we assume slower progress in driving exercise as employment progress slows,” it continued.
“In contrast with 2019, we forecast 4 p.c much less U.S. motor gasoline consumption in 2025 and 5 p.c much less in 2026, regardless of extra miles pushed in each years,” the EIA went on to state.
The EIA’s newest gasoline gasoline replace, which was launched on February 18, confirmed that the U.S. common gasoline worth averaged $3.082 per gallon on February 3, $3.128 per gallon on February 10, and $3.148 per gallon on February 17. The February 17 worth was down $0.121 in comparison with the 12 months in the past worth, the gasoline replace outlined.
Of the 5 Petroleum Administration for Protection District (PADD) areas highlighted within the EIA’s newest gasoline replace, the West Coast was proven to have the best common gasoline worth as of February 17, at $4.187 per gallon. The Gulf Coast was proven to have the bottom common gasoline worth as of February 17, at $2.740 per gallon.
A glossary part of the EIA web site notes that the 50 U.S. states and the District of Columbia are divided into 5 districts, with PADD 1 additional break up into three subdistricts. PADDs 6 and seven embody U.S. territories, the positioning provides.
The EIA’s gasoline replace, which pegged the value of standard gasoline at $3.02 per gallon in December 2024, confirmed that 56 p.c of this whole went in direction of crude oil prices, 20 p.c went in direction of distribution and advertising prices, 17 p.c went in direction of taxes, and eight p.c went in direction of refining prices.
In response to the AAA Gas Costs web site, the typical U.S. common gasoline worth is $3.165 per gallon, as of February 20. Yesterday’s common was $3.164 per gallon, the week in the past common was $3.160 per gallon, the month in the past common was $3.125 per gallon, and the 12 months in the past common was $3.276 per gallon, the positioning confirmed.
The best recorded common common gasoline worth was seen on June 14, 2022, at $5.016 per gallon, the AAA web site highlighted.
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