Summary

The Energy Information Administration (EIA) forecasts U.S. gasoline prices will fall about 6% in 2026 before rising slightly by 1% in 2027, remaining below recent-year averages. National gas prices are already lower, averaging $2.82 per gallon in January, down from $3.12 a year earlier, according to the American Automobile Association. Crude oil prices remain the biggest driver of gas prices, though their share of retail prices is expected to dip below 45% in 2026 to 2027 as supply outpaces demand.

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