New Forecast Shows Gas Prices Will Drop Sharply Over the Next Few Years

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A new forecast from GasBuddy suggests that fuel prices could drop sharply in the coming years under a Trump administration.

Key Facts:

– GasBuddy predicts the national average for regular gas will fall below $3.22 in 2025.
– CNN reports the price could hit $2.81 by December 2025.
– Patrick De Haan, head of petroleum analysis at GasBuddy, sees “slow-but-steady improvement” ahead.
– Trump has promised to expand drilling, aiming for prices around $2 per gallon.
– A recent Gallup poll found that only 19 percent of Americans are satisfied with the Biden presidency.

The Rest of The Story:

GasBuddy’s outlook indicates a meaningful drop in gas prices by 2025, tying the forecast to possible changes under a Trump administration.

The projected $3.22 average would be the lowest since 2021, when President Biden took office.

According to CNN, this trend could continue through December 2025, bringing the average price down to $2.81.

Trump campaigned on lowering energy costs by promoting domestic production and reversing Biden-era regulations.

He repeated his “drill, baby, drill” slogan at rallies, insisting that new policies could push prices closer to $2 per gallon.

GasBuddy analysts believe that focusing on U.S. output may help drivers see greater savings at the pump.

Commentary:

We hope this forecast comes true because lower fuel costs can lead to lower transportation expenses, which affect nearly every consumer good.

If gas prices go down, shipments of food, household items, and other necessities might also become cheaper, easing pressure on family budgets.

Such relief could slow inflation by reducing the overall cost of moving goods across the nation.

Economic improvements at the pump may offer a much-needed break to consumers, especially those concerned about high living expenses.

The Bottom Line:

If the prediction holds, Americans could see noticeably cheaper fuel in the near future.

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A drop in gas prices may also help tame inflation by reducing transportation costs on everyday products.