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Oil and gas prices expected to stay significantly lower through 2026

On HALO

5 hours ago

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 $69 a barrel in 2025 to $55 a barrel next year. That would be well below the $81 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 2024 and are at $3.10 a gallon this year, but are projected to decline further to $3 a gal...

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5 hours ago
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