US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up output from record levels, the EIA said.

Feb nat-gas prices Wednesday posted moderate gains as forecasts for frigid US weather will boost heating demand for nat-gas. NatGasWeather.com said Wednesday that "an Arctic blast will sweep across the US early next week that will include lows of 0s-30s for the southern

Average gasoline prices in Louisville have gone down 3.2 cents per gallon last week, averaging $2.72 per gallon, according to GasBuddy’s daily survey of 644 stations across Louisville.

U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as exports rose and imports fell, the Energy Information Administration (EIA) said on Wednesday.

Usually higher oil prices lead to a surge in oil stocks, but they have been ho-hum investments in recent weeks. Gas prices have barely budged.

Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy Information Administration said on Tuesday in its Short-Term Energy Outlook report.