Is gas going to go down in the future?

Yes, experts generally forecast lower gasoline prices in the near future (2025-2026) due to falling crude oil costs, increased supply, and seasonal demand dips, with some projections suggesting averages dipping below $3 per gallon, though regional factors, refinery issues, and geopolitical events can cause temporary spikes. The U.S. Energy Information Administration (EIA) predicts further decreases in 2026 compared to 2025.

Are gas prices expected to drop?

Oil and gasoline prices are expected to decline next year, according to a recent forecast from the Energy Information Administration (EIA).

Will gas prices go down in 2026?

Yes, most experts predict gas prices will generally trend downward in 2026, continuing a multi-year decline due to oversupply of crude oil, increased U.S. production efficiency, and rising vehicle fuel economy, though West Coast prices might buck the trend due to refinery closures, with forecasts suggesting national averages could hover around $2.90-$3.00 per gallon. 

What will happen to gas prices in 2025?

The EIA's December STEO forecast gas prices to average $4.01/mmBtu in 2026. While significantly lower than forecasts from earlier this year, a $4.01 average would be 14pc higher than the roughly $3.50/mmBtu average in 2025 and 83pc higher than the $2.19/mmBtu average in 2023.

What is the future of gasoline prices?

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 gallon in 2026, according to the EIA's report.

Gas prices drop despite crude oil price increase

What will gas prices be in 5 years?

Multiple forecasters now expect global crude benchmarks to average near $50/BBL in 2026. If that happens, the U.S. Energy Information Administration (EIA) also projects regular gasoline averaging about $2.90/gallon in 2026 — below recent years' gas prices but still sensitive to: Refinery margins. Taxes.

What is the gas outlook for 2025?

For the full year of 2025, global gas demand growth is expected to increase by less than 1% – assuming average weather conditions in Q4. Natural gas demand in the Asia Pacific region is expected to expand by less than 1% compared with 2024, its weakest growth since 2022.

How expensive will gas be in 2030?

Regarding long-term projections, Deloitte's natural gas price forecast sees Henry Hub trading at $5.40/Mcf in 2030, rising to $6.55/Mcf by 2040. These figures represent a significant increase from earlier projections, reflecting the current market dynamics and long-term supply-demand expectations.

Can I still drive my gas car after 2035?

The rules, known as Advanced Clean Cars II, will allow people to continue to drive gas cars and sell used gas-powered vehicles after 2035. The zero-emissions requirement will apply only to new vehicle sales.

Is the oil price expected to drop?

Oil prices projected to drop during first quarter of 2026, keeping gas prices down as well. The U.S. Energy Information Administration forecasts the Brent crude oil price will be about $55 per barrel on average in the first quarter of next year, down from $69 per barrel this year.

What is the future prediction for gas?

Gas Overview

Our most recent Gas price forecast indicates that its value will increase by 4.47% and reach $2.11 by January 05, 2026. Our technical indicators signal about the bearish Bullish 18% market sentiment on Gas, while the Fear & Greed Index is displaying a score of 28 (Fear).

Why is gas so expensive right now?

Gas prices are high due to a combination of global crude oil costs (influenced by supply/demand, OPEC+ policies, and geopolitical events like the Ukraine war), refining capacity issues, and significant regional factors like California's unique environmental regulations, taxes, and reliance on specific fuel blends, all leading to higher production and distribution costs. While oil prices fluctuate, local factors and the cost of producing specialized, cleaner-burning fuel add significant, persistent costs. 

What will the price of oil be in 2027?

Oil price forecasts for 2027 vary, with some major analysts like JPMorgan predicting a significant drop (Brent into the $30s) due to oversupply, while others like Rystad suggest prices around $60 as demand peaks, and Oxford Economics sees Brent around $55, assuming persistent surpluses. Generally, forecasts point towards potential price pressure from increased non-OPEC+ supply (especially U.S. shale) and global inventory builds, though market rebalancing is expected by 2027, with some executives predicting higher prices (around $69 for WTI). 

Where is gas the cheapest in the US?

Gas is typically cheapest in the South and Midwest, with Oklahoma, Mississippi, Louisiana, Texas, and Missouri consistently ranking as having the lowest average prices due to lower taxes, ample refining, and shorter transport, while California, Hawaii, and Washington are usually the most expensive. Prices fluctuate, so check resources like AAA Gas Prices or Visual Capitalist for the most current data.
 

Will gas cars still exist in 2050?

Yes, gas cars will likely still exist in 2050, but their numbers will significantly decrease as electric vehicles (EVs) dominate new sales, especially in regions with strong mandates like California's 2035 ban on new gas car sales, though a large fleet of existing internal combustion engine (ICE) vehicles will remain on the road. While EVs could reach 60% of new sales by 2050, conventional gas cars will still hold a large market share, with some projections suggesting over 70% of the total fleet might still be ICE vehicles, alongside hybrids and other alternatives. 

Will gas cars be illegal in the future?

What the policy does: The State of California in 2022 finalized regulations (Advanced Clean Cars II or ACC II) that would fully ban sales of new gasoline, diesel, flex fuel and traditional hybrid vehicles by 2035. California's new ban would begin phasing in with model year 2026 vehicles and become more aggressive every ...

Will gas stations still exist after 2035?

In California, thousands of gas stations will be impacted by the 2035 deadline set by Governor Newsom, requiring all new cars and passenger trucks sold in California to be zero-emission vehicles. This news forces operators to consider redevelopment and renovation focused on serving more electric vehicles.

How much will gas be in 5 years?

The US Energy Information Administration (EIA)'s forecasted US retail gasoline prices to average $3.20/gal in 2025 and $3.10/gal in 2026, down from $3.30/gal in 2024.

Will gas prices go up in 2026?

No. Energy bills increases by 0.2% for millions of UK households when the new energy price cap, set by Ofgem, came into force on 1 January 2026.

What is the future of gasoline?

U.S. retail gasoline prices to decrease in 2025 and 2026 with lower crude oil price. In our January Short-Term Energy Outlook, we now forecast U.S. retail gasoline prices through the end of 2026. We estimate U.S. average gasoline prices in 2025 will decrease by 11 cents per gallon (gal), or about 3%, compared with 2024 ...

Will oil be gone in 50 years?

At current rates of consumption, estimates suggest oil and natural gas could run out in about 50 years, with coal having perhaps 70-100 years remaining. To be more precise: Oil: Estimates vary, but many sources put known oil reserves at lasting roughly 47-56 years, assuming consumption stays more or less as it is now.

Why are oil prices down in 2025?

Oil prices fell in 2025

The market is awash with more crude than global industrial activity can absorb, in part due to weaker than expected economic growth in major economies and the impact of the US president Donald Trump's trade war against China, which has dulled demand from the world's biggest energy importer.

What happens if oil hits $200 a barrel?

According to Standard Chartered's calculations, at $200 a barrel, farm prices would rise by 30% to 35% for US consumers. This is not the end of the world for Americans, as food and energy costs only make up 15% of consumer consumption. But such a price increase would be disastrous in emerging markets.

Will gas prices go down eventually?

Fuel prices are expected to stay low through much of 2026 thanks to the ongoing oversupply of global crude oil, according to GasBuddy. A potential peace deal between Russia and Ukraine could cause prices to drop even more if greater Russian oil supplies enter the global market.

What day is fuel cheapest?

Refuel Early in the Week: In cities with weekly cycles like Perth and Brisbane, filling up on Monday or Tuesday can secure lower prices. Avoid Peak Days: Prices often peak on Fridays and before long weekends. Monitor Price Trends: Utilise apps and websites to track fuel price cycles and plan your refueling accordingly.