U.S. Energy Information Administration

The federal statistical agency publishing monthly short-term forecasts for energy prices, production, and consumption.

Government · United StatesWashington, D.C.2 reports10 figuresInstitution website ↗

Brent crude oil price

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PeriodReportedForecast
2026 full year“Brent crude oil spot price (dollars per barrel) | $82” — Notable forecast changes · 2026 · source ↗2026-07-07$82/bbl
2026 Q3“The Brent price in our forecast averages $74/b in 3Q26, a reduction of $27/b from last month’s outlook.” — Forecast overview, Oil prices · source ↗2026-07-07$74/b in 3Q26
2027 full year“We expect ongoing oil inventory accumulation over the next year will continue to put downward pressure on crude oil prices, with Brent falling to an average of $65/b in 2027.” — Forecast overview, Oil prices · source ↗2026-07-07$65/b in 2027

U.S. real GDP growth

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PeriodReportedForecast
2026 full year“| U.S. GDP <br>(percentage change) | 2.8 | 2.1 | 2.1 | 2.3 |” — Overview table, U.S. GDP row · source ↗2026-07-072.1
2027 full year“| U.S. GDP <br>(percentage change) | 2.8 | 2.1 | 2.1 | 2.3 |” — Overview table, U.S. GDP row · source ↗2026-07-072.3

U.S. retail gasoline price

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PeriodReportedForecast
2026 full year“Retail gasoline price (dollars per gallon) | $3.64” — Notable forecast changes · 2026 · source ↗2026-07-07$3.64/gal
2026 Q4“pushing retail prices down to around $3.40/gal in 4Q26” — Forecast overview · U.S. gasoline prices · source ↗2026-07-07~$3.40/gal
2026 Q3“Gasoline prices in our forecast average $3.80 per gallon (gal) in 3Q26, down from more than $4.20/gal in 2Q26.” — Forecast overview, U.S. gasoline prices · source ↗2026-07-07$3.80 per gallon (gal) in 3Q26
2027 full year“We forecast the retail gasoline price will fall to an annual average of less than $3.10/gal in 2027.” — Forecast overview, U.S. gasoline prices · source ↗2026-07-07less than $3.10/gal in 2027

West Texas Intermediate crude oil price

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PeriodReportedForecast
October 2026“WTIPUUS | West Texas Intermediate Spot Average | 2026 Oct | 67” — Excel Table 2 · Energy Prices · October 2026 · source ↗2026-07-07$67/bbl