Energy and oilUpdated Yesterday

EIA raises 2027 US fuel-price forecasts

Saudi Press Agency reported that the US Energy Information Administration (EIA) forecasts average Brent crude at about $97 per barrel in 2026 and $86 in 2027. Its 2027 US retail-price forecasts are higher than its previous estimates: $5.03 per gallon for diesel, up from $4.49, and $3.73 for gasoline, up from $3.56. The EIA also projects US crude production at 13.9 million barrels per day in 2026 and 14.3 million in 2027. The 2027 price and production figures are forecasts, not reported outcomes.

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