The EIA’s latest forecast paints a picture of shifting dynamics across the energy landscape in 2026 with changes that could influence budgets, procurement strategies, and long-term planning for commercial customers.

Oil Prices and Production: Brent crude is expected to average $56 per barrel in 2026, down 19% from 2025, as global supply outpaces demand. U.S. crude output will ease slightly after hitting record highs, driven by reduced drilling activity amid lower prices.

Gasoline and Natural Gas: Retail gasoline prices are projected to hover around $2.90 per gallon, nearly 20 cents lower than last year. Meanwhile, natural gas prices are forecast to dip modestly in 2026 before climbing in 2027 as LNG exports and power sector demand grow.

Electricity Demand and Generation: Electricity consumption is set to grow 1% in 2026, accelerating to 3% in 2027 – the strongest four-year streak since the early 2000s. Solar leads generation gains with 69 GW of new capacity, while coal continues its decline.

Rising electricity demand and natural gas costs underscore the need for proactive energy planning. Businesses should anticipate evolving grid dynamics and consider strategies like demand response or renewable procurement to manage costs.