2027 Gas Prices May Rise

The Energy Information Administration raised its 2027 U.S. price forecasts, projecting gasoline at $3.73 a gallon and diesel at $5.03, while both are expected to average less than in 2026. It cited continued global oil supply constraints through the end of 2027, linked to falling inventories, shipping disruptions and higher transport costs. Brent crude is forecast to ease to an average of $77 a barrel in the fourth quarter of 2027.

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