Trump might get an early economic win with gas prices expected to drop in 2025

Published On Jan 18, 2025, 9:30 AM

The article discusses the expectation that gas prices may drop in 2025 following the prediction of declining oil prices. Analysts expect average gasoline prices to be about $3.20 per gallon, which is a slight decrease from the previous year. This trend is fueled by anticipated increases in oil supply and reduced demand growth, particularly from China transitioning to electric vehicles. Additionally, potential policy changes from the incoming Trump administration may further influence energy costs. Analysts have differing views, with predictions of Brent crude oil prices ranging from $65 to $76 per barrel depending on global production factors.