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Dallas,
TX – January 2025 / NewsmakerAlert:
GasBuddy,
a PDI company, has released its 2025
Fuel Price Outlook (PDF file), forecasting a third consecutive year
of lower gas and diesel prices. The outlook highlights key trends in gasoline
and diesel prices utilizing specific inputs, potential impacts on production,
supply and demand changes and a change in leadership in Washington.
GasBuddy
projects that the yearly national average for gasoline in 2025 will decline
to $3.22 per gallon, down from $3.33 in 2024 and significantly below the
record highs of 2022. This decline represents continued relief for American
drivers, but comes amid emerging uncertainties surrounding geopolitical
tensions, potential tariffs and a change in energy policies that add risk
to this year’s forecast.
Highlights
from GasBuddy’s 2025 Fuel Outlook:
-
Lowest
Monthly Average in December: The national average price of gasoline
is expected to hit its lowest point in December, averaging $2.89 per gallon
for the month.
-
Springtime
Spike: Gas prices could peak in April at a monthly average of $3.53
per gallon, while the daily average could top out as high as $3.67 per
gallon, driven by seasonal increases in demand and the change to summer
gasoline that occurs coast to coast at a varied pace.
-
Regional
Variations: While most major U.S. cities will see peak gas prices around
$4 per gallon, West Coast cities such as Los Angeles and San Francisco
could return to the mid-$5 per gallon range due to high fuel taxes, unique
fuel requirements and other state mandates.
-
Lower
Consumer Spending: Americans are expected to spend a combined $410.8
billion on gasoline in 2025, an 8% decrease from 2024’s estimated $423.1
billion.
“While
declining fuel prices in 2025 will provide welcome relief to American drivers
and businesses, emerging risks could lead to increased volatility,” said
Patrick De Haan,
head of petroleum analysis at GasBuddy. “Geopolitical uncertainties, potential
disruptions from extreme weather, and policy shifts under the new administration
could create challenges for fuel markets. Despite this, expanding global
refining capacity and moderating demand are expected to support lower prices
for most of the year.”
Diesel
prices are also forecast to decline in 2025, with a projected yearly national
average of $3.48 per gallon. This reduction will benefit industries dependent
on diesel, such as freight and agriculture, offering some respite from
recent cost pressures.
Download
the full 2025
Fuel Outlook here (PDF file). Audio/Video analysis from Patrick De
Haan is available for media use at
the link here..
About
GasBuddy
GasBuddy
is the leading fuel savings platform providing North American drivers with
the most ways to save money on gas. GasBuddy has delivered more than $3.5
billion in cumulative savings to its users through providing real-time
gas price information at 150,000+ stations, offering cash back rewards
on purchases with brand partners, and through the Pay
with GasBuddy™ payments card that offers cents-off per gallon at virtually
all gas stations across the US. As one of the most highly-rated apps in
the history of the App Store, GasBuddy has been downloaded over 100 million
times. Acquired by PDI Technologies
in 2021, GasBuddy’s publishing and software businesses enable the world’s
leading fuel, convenience, QSR and CPG companies to shorten the distance
between the fueling public and their brands. For more information, visit
www.GasBuddy.com.
GasBuddy
Media Contact:
Nicole
Petersen
Senior
Marketing &
Communications
Manager
617-396-7217
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