U.S. Annual Energy Prices

In the second quarter of 2025, U.S. energy costs have stabilized after significant volatility in recent years, with gasoline prices averaging around $3.60 per gallon, slightly lower than previous peaks but still higher than pre-pandemic levels.

Natural gas prices have remained relatively steady, following a decrease from their peak in 2023, with an average price around $3.50 per MMBtu. However, electricity costs have increased due to rising demand and the transition to renewable energy sources, while crude oil prices have remained volatile, fluctuating between $66 to $70 per barrel. This shift toward renewables and energy efficiency measures has mitigated the pressure on consumers, but high energy prices continue to affect industries like manufacturing and transportation. Overall, energy costs are projected to remain relatively stable, though geopolitical risks and weather events could still cause periodic disruptions.

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