HomeWorld NewsPetrol Prices Expected to Decline Further in 2025

Petrol Prices Expected to Decline Further in 2025

Published on

Gas prices are expected to drop in 2025 for the third consecutive year, according to GasBuddy’s projections shared with CNN.

The national average for regular petrol is forecasted to fall to $3.22 per gallon, the lowest since 2021, compared to $3.33 in 2024.

This follows a significant decrease from the mid-2022 peak of over $5 per gallon, which heavily impacted consumers and the economy.

GasBuddy estimates Americans will spend $115 billion less on fuel in 2025 than in 2022, with households projected to spend $2,252 annually—higher than pre-Covid levels but below the 2022 record.

However, uncertainties, including President-elect Trump’s proposed tariffs, could disrupt this outlook, warns GasBuddy’s head of petroleum analysis, Patrick De Haan.

LATEST NEWS

Ambeon Strengthens Harischandra Mills Board with High-Profile Appointments

Ambeon Capital PLC has announced the appointment of four distinguished professionals to the Board...

HNB General Insurance Wins ‘Best General Bancassurance Provider’ Award for Fourth Consecutive Year

HNB General Insurance (HNBGI) has further strengthened its standing within Sri Lanka’s insurance industry...

CBSL and Australia Join Forces to Enhance Digital Financial Literacy for Sri Lankan MSMEs

The Central Bank of Sri Lanka (CBSL) has entered into a strategic partnership with...

Vallibel Finance Raises Rs. 2.1 Billion Through Oversubscribed Rights Issue

Vallibel Finance has successfully raised more than Rs. 2.1 billion through an oversubscribed Rights...

MORE LIKE THIS

Ambeon Strengthens Harischandra Mills Board with High-Profile Appointments

Ambeon Capital PLC has announced the appointment of four distinguished professionals to the Board...

HNB General Insurance Wins ‘Best General Bancassurance Provider’ Award for Fourth Consecutive Year

HNB General Insurance (HNBGI) has further strengthened its standing within Sri Lanka’s insurance industry...

CBSL and Australia Join Forces to Enhance Digital Financial Literacy for Sri Lankan MSMEs

The Central Bank of Sri Lanka (CBSL) has entered into a strategic partnership with...