In the first quarter of 2025, energy prices in the United States are projected to experience notable fluctuations across crude oil, gasoline, and diesel markets.

The EIA forecasts that Brent crude oil prices will average $74 per barrel in 2025, a decrease from $81 per barrel in 2024, due to its robust global production growth and moderated demand. They also project that Henry Hub natural gas spot prices will average $4.19 per million British thermal units (MMBtu) in 2025, up from $2.19/MMBtu in 2024. This increase is driven by higher demand for liquefied natural gas (LNG) exports and increased consumption for power generation. Consequently, gasoline and diesel prices, which are closely linked to natural gas prices, are expected to rise. Regional factors, such as refinery closures and maintenance activities, may further influence price variations across different U.S. markets.