U.S. retail gasoline prices are expected to be lower in the coming years, declining by 6 percent in 2026 and then rising marginally by 1 percent in 2027, the Energy Information Administration (EIA) said in a Jan. 20 report.
“Our forecast for generally lower retail gasoline prices over the next two years follows an ongoing trend of falling gasoline prices since reaching a historical high point of $5/gallon in mid-2022. On a nominal basis, we estimate the 20 cents-per-gallon decrease in 2026 will be comparable to price decreases in 2024 and 2025,” the agency said.
