Gas prices estimate rises for 2027, though consumers could still see relief from pain at the pump: EIA
The U.S. Energy Information Administration has increased its 2027 price forecasts for gasoline and diesel, according to multiple reports. The agency also lifted its fourth-quarter Brent crude outlook to $109 per barrel, marking the third consecutive monthly increase for bunker fuel prices. Despite the higher long-term estimates, the EIA indicates consumers could still see relief at the pump in the near term as crude futures have eased recently.
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- ✓ EIA raised its 2027 gasoline and diesel price forecasts.
- ✓ EIA lifted its fourth-quarter Brent crude price outlook to $109 per barrel.
- ✓ Ship & Bunker raised its Q4 bunker price outlook for the third consecutive month following the EIA update.
What changed
EIA increased its 2027 gasoline and diesel price forecasts and raised Q4 Brent crude outlook to $109/bbl.
Live updates
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EIA Raises 2027 Gasoline and Diesel Price Forecasts
The U.S. Energy Information Administration has increased its 2027 price forecasts for gasoline and diesel, according to multiple reports. The agency also lifted its fourth-quarter Brent crude outlook to $109 per barrel, marking the third consecutive monthly increase for bunker fuel prices. Despite the higher long-term estimates, the EIA indicates consumers could still see relief at the pump in the near term as crude futures have eased recently.
Why it matters
The EIA's updated Short-Term Energy Outlook reflects tightening supply expectations and stronger demand projections for 2027. Higher Brent crude forecasts directly feed into refined product prices, affecting transportation costs and inflation. The contrast between raised long-term forecasts and potential near-term relief highlights market uncertainty around OPEC+ production decisions and global economic growth.
What is confirmed
- EIA raised its 2027 gasoline and diesel price forecasts.
- EIA lifted its fourth-quarter Brent crude price outlook to $109 per barrel.
- Ship & Bunker raised its Q4 bunker price outlook for the third consecutive month following the EIA update.
Still unconfirmed
- Consumers could still see relief at the pump despite higher long-term estimates.
What to watch next
- Next EIA Short-Term Energy Outlook release date
- OPEC+ production policy decisions
- Global economic growth indicators affecting oil demand
confidence 82%Sources used for this update (6)
- Fox Business — Gas prices estimate rises for 2027, though consumers could still see relief from pain at the pump: EIA
- Bloomberg.com — US Raises Forecasts for 2027 Gasoline and Diesel Prices
- Ship & Bunker — Ship & Bunker Raises Q4 Bunker Price Outlook for Third Month Running as EIA Lifts Q4 Brent to $109/bbl
- American Enterprise Institute - AEI — Long-Run Outlook for World Crude Oil Prices
- PR Newswire — EIA Sees Brent Near $100 for the Rest of the Year as Crude Futures Ease Again
- MarketForces Africa — U.S. Energy Agency Increases 2026 Crude Oil Price Forecasts
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