US EditionGas Prices This Year Could Be the Lowest Since 2020, New Forecast Predicts
GasBuddy forecasts a national average gas price of $2.97 per gallon in 2026, the lowest since 2020, with diesel averaging $3.55 and regional price variations expected.
- On Tuesday, GasBuddy released its 2026 Fuel Price Outlook projecting the United States average will fall to $2.97 per gallon, the first national average under $3 since the COVID-19 pandemic and 13 cents lower than 2025.
- Patrick De Haan said easing began in 2022 as global central banks tightened and new refining capacity came online, with oil prices around $56 a barrel and strong refinery output lowering pump costs.
- GasBuddy projects a seasonal rise to about $3.09 in spring and early summer before prices decline after June, reaching the lowest level in December.
- Households face lower projected fuel bills, with GasBuddy projecting an average of $3 in 2026, and diesel drivers should see relief with diesel near $3.55 per gallon.
- Regional disparities persist, with Arizona drivers still paying above the national average, and GasBuddy warns that De Haan's assessment of Trump's Venezuelan oil import suggestion indicates minimal short-term impact if market surprises are avoided.
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A specialist company expects gasoline to reach $2.97 per gallon this year, on average, in the US, the lowest price since 2020
Why GasBuddy says cheap gas could stick around in 2026
GasBuddy projects the 2026 U.S. average gas price will be $2.97 per gallon, the lowest since 2020 and 13 cents lower than last year.The company also forecasts prices could drop to $2.86 per gallon by years end. If trends continue, 2026 would mark the fourth consecutive year of price declines.Potential contributing factors include an economic slowdown, which could reduce demand, as well as changes in environmental regulations and trade policy.REL…
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