EIA Short-Term Energy Outlook
Extracted from https://www.eia.gov/outlooks/steo/
U.S. Energy Information AdministrationOpen source document ↗
Published2026-07-07
Extracted figures6
Source classInstitution forecast
Update cadenceMonthly
Available formatHTML
| Metric | Period | Reported | Forecast |
|---|---|---|---|
| Brent crude oil | 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 |
| Brent crude oil | 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 |
| Retail gasoline | 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 |
| Retail gasoline | 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 ↗ | 2026-07-07 | less than $3.10/gal in 2027 |
| Real GDP growth | 2026 full year“| U.S. GDP <br>(percentage change) | 2.8 | 2.1 | 2.1 | 2.3 |” — Overview table, U.S. GDP row · source ↗ | 2026-07-07 | 2.1 |
| Real GDP growth | 2027 full year“| U.S. GDP <br>(percentage change) | 2.8 | 2.1 | 2.1 | 2.3 |” — Overview table, U.S. GDP row · source ↗ | 2026-07-07 | 2.3 |