Reported 3 days ago
Wall Street forecasts indicate that oil prices will decline in 2025, primarily due to increased global supply, which will likely benefit President-elect Donald Trump as he aims to lower energy costs. Analysts predict Brent oil could average $73 per barrel, with some estimates suggesting prices might drop to $65. Despite Trump's promises to reduce gasoline prices significantly, experts believe it will be challenging to see prices below $2 per gallon without a major economic downturn. The Energy Information Administration expects pump prices to average around $3.20 per gallon next year.
Source: YAHOO