US crude production to hit record high for fourth straight year in 2026, EIA says

US crude production is expected to hit a record high for the fourth straight year in 2026, at 13.9 million barrels per day, the Energy Information Administration said on Tuesday.

In 2025, output was 13.7 million bpd. US crude output is then set to rise again in 2027, to 14.3 million bpd.

Diesel prices at the pump are set to average $5.03 a gallon in 2027, up from previously forecast $4.49 per gallon, and gasoline will average $3.73 per gallon, up from $3.56 per gallon, the EIA said.


Brent crude prices are set to average $97 a barrel in 2026, before falling to $86 in 2027, the EIA said.