We could expect to pay $12 billion less for gas this year compared to 2024

The new year has brought with it price drops for gasoline. Americans are expected to spend about $12 billion less at the pump in 2025 compared to last year.

“Seasonality for diesel prices could continue to go up as we get into 2025. Diesel prices tend to peak in the colder months when heating oil demand is higher, diesel’s lower prices will be expected this summer with potentially summer diesel prices falling into the low $ 3-gallon range. Gasoline prices by the end of 2025 may again drop below $3 a gallon,” said Patrick De Haan with GasBuddy.

De Haan warns there is some uncertainty with fuel prices moving forward and the new Administration. He says President Trump’s tariff plan could pose some risks, but he notes Trump’s willingness to drill for oil will help prices slightly, but not by much.

Related Stories
Smaller slaughter numbers across beef and pork signal tighter supplies into late 2025, while record-low veal production highlights ongoing structural changes in the sector.
Beal joined us on Friday’s Market Day Report to discuss her election to NASDA’s presidency, challenges facing American agriculture, and her background as a Mainer and dairy farmer.
Chad Rezniek with the Colorado AgrAbility Project joined us as part of National Farm Safety and Health Week to discuss the growing need for behavioral health support in rural communities.
Potash has seen the most significant decline, falling 11 percent over the same five-year period.
China’s buying decisions continue to be a critical factor in shaping cotton prices and export opportunities worldwide.
Lower inventories and cautious farrowing plans suggest tighter hog supplies into 2026, keeping producer margins sensitive to demand trends and health risks.

LATEST STORIES BY THIS AUTHOR:

Large carryover stocks continue to put pressure on commodity prices, creating uncertainty for growers looking to market their grain.
Farm CPA Paul Neiffer outlines how producers should navigate evolving Farm Bill provisions and prepare their operations for the next crop year.
Peel says Mexico has a much greater capability to expand its beef industry than it did 20 or 30 years ago in terms of its feeding and packing infrastructure.
Record crops are increasing grain storage needs, prompting safety experts to remind producers of the risk of grain bin entrapment during harvest.