Falling oil prices will spur a decline of about 20 cents per gallon of gasoline on average across the United States by the end of 2025, the U.S. Energy Information Administration is projecting in its Sept. 9 short-term energy outlook.
“We expect the U.S. average retail price for regular-grade gasoline will average about $3.10 per gallon this year, down 20 cents [per gallon] from last year,” the administration said in its monthly analysis, forecasting that retail gasoline prices will fall to an average of $2.90 per gallon in early 2026 across the nation.
However, there remained an exception: the West Coast, the report said, citing the loss of nearly 20 percent of the region’s gasoline refining capacity after Phillips 66’s October 2024 decision to close its Wilmington refinery and Valero’s April announcement it was shuttering its Benicia refinery….
Americans to Pay Less at Pump in Coming Months, More for Power in Coming Years: Report
