EIA Projects Gasoline to Fall From $4.09 Toward $3.10 per Gallon

The U.S. average regular gasoline retail price sits at $4.09 per gallon as of August 18, 2026, per the EIA. The agency's Short-Term Energy Outlook forecasts annual averages of $3.31, $3.10, and $3.78 across its horizon. Cheaper crude input costs are expected to outweigh elevated refining margins, driving the projected decline.