In our latest Short-Term Energy Outlook, we forecast retail U.S. gasoline prices will be lower the next two years than in 2025, falling 6% in 2026 and then increasing 1% in 2027. Our gasoline price forecast generally follows a similar path as global crude oil prices, but decreasing U.S. refinery capacity this year may offset some of the effects of lower crude oil prices on gasoline, especially in the West Coast region.
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