In its newest quick time period power outlook (STEO), which was launched on September 9, the U.S. Power Info Administration (EIA) projected that the U.S. common gasoline retail value will common beneath $2.90 per gallon in 2026.
In keeping with that STEO, the EIA expects the U.S. common gasoline retail value to return in at $2.86 per gallon subsequent yr. The STEO, which highlighted that the gasoline value averaged $3.31 per gallon in 2024, sees gasoline coming in at $3.09 per gallon in 2025.
A quarterly breakdown included within the EIA’s newest STEO confirmed that the EIA expects the U.S. common gasoline retail value to common $3.14 per gallon within the third quarter of this yr, $2.96 per gallon within the fourth quarter, $2.73 per gallon within the first quarter of 2026, $2.89 per gallon within the second quarter, $2.99 per gallon within the third quarter, and $2.84 per gallon within the fourth quarter.
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The STEO identified that the U.S. common retail gasoline value averaged $3.10 per gallon within the first quarter of 2025 and $3.16 per gallon within the second quarter.
“Falling oil costs in our forecast result in a drop in gasoline costs,” the EIA mentioned in its newest STEO.
“We anticipate the U.S. common retail value for normal grade gasoline will common about $3.10 per gallon this yr, down 20 cents per gallon from final yr,” it added.
“Retail gasoline costs in our forecast fall to a mean of $2.90 per gallon in 2026, with the annual common value falling beneath $3.00 per gallon in all areas besides the West Coast,” it continued.
In its newest gasoline gasoline replace, which was launched on September 16, the EIA confirmed a declining development within the U.S. common gasoline value.
That replace highlighted that U.S. common gasoline averaged $3.192 per gallon on September 8 and $3.168 per gallon on September 15. The September 15 value was $0.012 decrease than the yr in the past value, 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 U.S. common gasoline value as of September 15, at $4.273 per gallon. The Gulf Coast was proven within the replace to have the bottom U.S. common gasoline value as of September 15, at $2.774 per gallon.
A glossary part of the EIA website 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 location provides.
In keeping with the AAA Gasoline Costs web site, the common common gasoline value within the U.S. is $3.199 per gallon, as of September 19. Yesterday’s common was $3.203 per gallon, the week in the past common was $3.188 per gallon, the month in the past common was $3.130 per gallon, and the yr in the past common was $3.224 per gallon, the location confirmed.
The very best recorded common value for normal gasoline within the U.S. was seen on June 14, 2022, at $5.016 per gallon, the AAA Gasoline Costs web site identified.
“As drivers settle into their fall routines, gasoline demand goes down, and finally, pump costs ought to observe go well with,” AAA Gasoline Costs mentioned in a press release posted on its website on September 11.
GasBuddy’s reside ticking common for normal gasoline within the U.S. was $3.209 per gallon as of seven.20am EST on September 19. The determine was 0.4 cents up from yesterday’s common, 3.3 cents up from final week’s common, 8.2 cents up from final month’s common, and 0.4 cents down from final yr’s common, GasBuddy’s web site highlighted.
In a press release posted on the GasBuddy web site on September 15, Patrick De Haan, head of petroleum evaluation at GasBuddy, famous that “the transition to cheaper winter gasoline begins tomorrow [September 16] throughout many of the nation” and added that he expects common gasoline costs “will proceed to say no within the weeks forward in most states – assuming hurricane season stays quiet”.
The AAA Gasoline Costs web site describes itself as a public service of america of America’s largest motoring and leisure journey membership group. GasBuddy states on its website that its mission is “to make gasoline financial savings simpler and extra accessible for everybody”.
The EIA notes on its website that it “collects, analyzes, and disseminates unbiased and neutral power info to advertise sound policymaking, environment friendly markets, and public understanding of power and its interplay with the economic system and the surroundings”.
To contact the creator, electronic mail andreas.exarheas@rigzone.com
