Gas prices forecast to drop to $3.22 per gallon in 2025, but Trump's tariffs could raise them by up to 70 cents.

GasBuddy forecasts that U.S. gas prices will drop to an average of $3.22 per gallon in 2025, marking the third consecutive year of decline. This would represent a significant reduction from the 2022 peak of over $5 per gallon and result in Americans spending about $115 billion less on fuel. However, potential tariffs on Canadian and Mexican goods by President-elect Trump could disrupt this forecast and raise prices by 30 to 70 cents per gallon.

3 months ago
54 Articles

Further Reading