Reported about 15 hours ago
Donald Trump aims to lower energy costs for Americans by easing oil and gas drilling regulations, which could align with anticipated decreases in gas prices in 2025. Even though oil prices experienced a slight uptick recently, forecasts suggest they will decline, potentially benefiting Trump's presidency soon after the 2024 election. Analysts predict Brent crude prices could fall to as low as $65 per barrel, while gasoline prices may average about $3.20 per gallon—a $0.10 reduction from 2024. However, experts warn that prices are unlikely to drop to pre-pandemic levels of under $2 per gallon without significant economic upheaval.
Source: YAHOO