RSS feed source: US Energy Information Administration

In-brief analysis

August 28, 2025

On August 25, 2025, the Monday before Labor Day weekend, the retail price of regular gasoline averaged $3.15 per gallon (gal) across the United States, 5% (or 17 cents/gal) lower than at the same time last year.

The cost of crude oil typically accounts for a little more than half of the retail gasoline price. Falling crude oil prices, driven by increasing global crude oil supply, have contributed to lower retail gasoline prices heading into this Labor Day. From August 1 to August 25, Brent crude oil prices averaged $67 per barrel, about 15% less than in August 2024.

We forecast gasoline prices will decline 11%, or about 35 cents/gal, from August to December. The forecast decline is driven by our expectation that crude oil prices will fall, caused by continued

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RSS feed source: US Energy Information Administration

In-depth analysis

August 27, 2025

Five years after the COVID-19 national emergency was declared, gasoline demand, distillate demand, and jet fuel demand all remain less than pre-pandemic averages. Several factors are keeping demand, which we track as product supplied, below pre-pandemic levels. For example, increased fuel efficiency in the vehicle and aircraft fleets has offset increased travel, and demand for petroleum-based distillate fuel oil has been partially replaced by biomass-based distillate fuels.

Finished motor gasoline

In April 2020 (the first full month following the March 13 declaration of the COVID-19 national emergency), U.S. gasoline demand fell to 5.9 million b/d, the lowest since January 1974. In April 2025, U.S. gasoline demand averaged 8.9 million barrels per day (b/d), 52% higher than it was in April 2020 but below the April 2019 average of 9.4 million

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RSS feed source: US Energy Information Administration

In-brief analysis

August 26, 2025

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), August 2025
Note: Growth rates are compound annual growth rates for 2010 to 2019, 2020 to 2024, and 2024 to 2026. We use product supplied to estimate consumption.

U.S. jet fuel consumption growth has slowed in 2025, following a period of rapid consumption growth after 2020, as U.S. air travel recovered from the COVID-19 pandemic. We forecast the slowdown in jet fuel consumption growth will continue through 2026, falling below both the accelerated rate of the previous four years and the longer-term growth rate seen during the 2010s. Contributing factors include rising economic concerns weighing on flight demand and ongoing improvements in commercial aircraft fleet fuel economy.

In 2020, annual average U.S. jet fuel consumption fell nearly 40% when efforts

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RSS feed source: US Energy Information Administration

In-brief analysis

August 25, 2025

We forecast natural gas consumption in the United States will increase 1% to set a record of 91.4 billion cubic feet per day (Bcf/d) in 2025. In our latest Short-Term Energy Outlook, we expect natural gas consumption to increase across all sectors except for electric power, which had been the source of most natural gas consumption growth in the previous decade.

Natural gas consumption was high in the beginning of the year, driving our forecast. In January, U.S. natural gas consumption was a record 126.8 Bcf/d, 5% more than the previous record set in January 2024, according to data in our Natural Gas Monthly.

In February 2025, U.S. natural gas consumption was 115.9 Bcf/d, 5% more than the previous February consumption record set in 2021. Natural gas consumption in these winter

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