According to a report published by the Energy Information Administration (EIA) in November on the Short-Term Energy Outlook, the price of Brent crude is expected to fall to $55 per barrel in 2025, while the average price of gasoline is expected to fall to $3 per gallon by early next year year.

Brent crude oil prices are positioned well below last year's $81, while the retail price of gasoline is also expected to be below the $3.30 per gallon recorded in 2024.

According to EIA data, the sector was bolstered this year with production of approximately 13.6 million barrels per day and this pace is expected to be maintained through 2026.

The Energy Information Administration analysis broke down other price indicators such as natural gas, which has seen a notable increase to date and is expected to rise to $4 next year.

The EIA also detailed that liquefied natural gas (LNG) exports this year were 15 billion cubic feet per day and all indications are that they will reach 16 billion cubic feet in 2026.

Finally, the report showed that the largest source of energy participation was natural gas at 40%, renewable energy at 24%, while nuclear energy's share of the energy mix decreased slightly to 18% this year.