Oil and gas prices expected to stay significantly lower through 2026

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

The EIA published its Short-Term Energy Outlook in November, which projected that the price of Brent crude oil will decline from $69 a barrel in 2025 to $55 a barrel next year. That would be well below the $81 per barrel that prevailed in 2024.

Gas prices are also projected to continue their decline into next year. Retail gas prices averaged $3.30...