Overview
- GasBuddy projects a $2.97 national average for 2026, with a brief monthly peak near $3.12 in May and a year-end average around $2.83.
- The Energy Information Administration expects U.S. oil prices to average about $51 per barrel this year as supply remains ample.
- Preliminary EIA data show U.S. production near record levels at 13.83 million barrels per day in late December 2025, supporting lower pump prices.
- GasBuddy estimates U.S. drivers will spend roughly $11 billion less on gasoline in 2026, with average household spending near $2,083.
- AAA reports Florida’s average at $2.83 per gallon and notes minimal market reaction so far to U.S. actions in Venezuela, while broader geopolitical risks and possible OPEC policy shifts could change the outlook.