U.S. oil and natural gas production reach record highs amid falling consumer costs

Chris Wright, U.S. Secretary of Energy
Chris Wright, U.S. Secretary of Energy - https://www.ans.org/
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The U.S. Department of Energy has reported record-high levels of domestic oil and natural gas production, attributing the growth to policy changes under President Trump’s administration. According to the department, U.S. crude oil output reached 13.6 million barrels per day in 2025, a new peak that is expected to continue into 2026.

This increase in production has contributed to lower gasoline prices for consumers. The average price at the pump is now about $2.90 per gallon, marking a four-year low, with gas available for under $3 per gallon in 43 states.

Natural gas production has also reached historic highs, with output projected at 109 billion cubic feet per day this year. The Energy Department credits its Energy Dominance Financing Program (EDF), created as part of the Working Families Tax cut, for supporting ongoing development of natural gas projects across the country.

Citing data from the American Gas Association, officials noted that over the past 17 years—including forecasts through 2025—natural gas use has led to an inflation-adjusted savings of $1.6 trillion compared to prices seen during recovery efforts in 2008. This translates to an estimated $3,445 in savings for the average American household.

Efforts are also underway to rebuild the Strategic Petroleum Reserve (SPR). After a significant drawdown in 2022 by the previous administration, which released 180 million barrels from reserves, contracts were awarded in November 2025 for deliveries of one million barrels beginning December 2025 through January 2026 from the Bryan Mound site.

U.S. liquefied natural gas (LNG) exports have been increasing rapidly and are on track to double by decade’s end. The Energy Department resumed regular reviews of LNG export applications after restrictions imposed by the prior administration were lifted. In January 2024, those restrictions included pausing pending and future applications while environmental impacts were reviewed; however, a September 2023 study from DOE found no link between LNG exports and increased greenhouse gas emissions or energy costs.

Secretary Chris Wright issued his first Secretarial Order directing efforts toward what he called “Unleash Golden Era of American Energy Dominance.” As a result, more than 17.6 billion cubic feet per day of LNG exports were authorized or re-authorized in 2025—over seventy percent greater than current volumes exported by other major suppliers.

The department also removed regulatory barriers affecting LNG exporters by rescinding requirements introduced during the previous administration and lifting bans on using LNG as marine fuel—a practice known as bunkering—which had previously affected facilities like JAX LNG near Jacksonville, Florida.

On June 11, 2025, Japanese energy company JERA joined Secretary Wright and Secretary of Interior Doug Burgum to announce long-term agreements securing up to 5.5 million tonnes annually of U.S.-sourced LNG over twenty years. These deals are expected to contribute more than $200 billion to U.S. GDP and support upwards of fifty thousand jobs each year.

A May 2025 DOE study concluded that America possesses ample natural gas supplies; further increases in exports would benefit GDP growth and job creation while enhancing national security.



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