The U.S. Department of Energy has reported record levels of domestic oil and natural gas production, which it says are contributing to lower costs for American consumers and businesses.
According to the department, U.S. crude oil production reached an all-time high of 13.6 million barrels per day in 2025, a trend expected to continue into 2026. Gasoline prices have dropped to a four-year low, averaging about $2.90 per gallon, with prices under $3 per gallon in 43 states.
Natural gas production has also set new records, with output projected to reach 109 billion cubic feet per day this year. The Energy Department credits the Energy Dominance Financing Program, established under the Working Families Tax cut, for supporting ongoing development of natural gas projects in the United States.
The department highlighted that increased natural gas production is helping keep household energy costs down. Over the past 17 years, including forecasts through 2025, Americans have saved an inflation-adjusted total of $1.6 trillion on natural gas compared to prices from 2008, which translates to about $3,445 in savings for the average household.
Efforts are also underway to rebuild the Strategic Petroleum Reserve (SPR), following a significant drawdown in 2022. In November 2025, contracts were awarded for deliveries of one million barrels of crude oil from the Bryan Mound site for the SPR between December 2025 and January 2026.
Liquefied natural gas (LNG) exports are increasing rapidly and are expected to double by the end of this decade. The department said it has returned to regular order on LNG export reviews after previous restrictions were imposed during the Biden administration’s pause on pending and future applications in January 2024 for environmental review purposes. A September 2023 study by the Department of Energy found that U.S. LNG exports did not impact greenhouse gas emissions or raise energy costs.
Secretary Chris Wright issued a Secretarial Order directing efforts to “Unleash Golden Era of American Energy Dominance,” resulting in authorizations or re-authorizations exceeding 17.6 billion cubic feet per day (Bcf/d) of LNG exports in 2025—over 70% more than current volumes exported by the world’s second-largest supplier.
Regulatory barriers previously blocking LNG exports have been removed, including rescinding policies that required exporters to meet stricter criteria before extending project commencement dates and lifting bans on using LNG as marine fuel—a practice known as LNG bunkering.
On June 11, 2025, JERA, a Japanese energy company based in Tokyo, announced alongside Secretary Wright and Secretary of the Interior Doug Burgum that it had committed to long-term purchases from American LNG companies through several agreements lasting up to twenty years. These deals will bring up to 5.5 million tonnes per year of LNG into the U.S., contribute over $200 billion to GDP, and support more than 50,000 jobs annually.
A May 2025 study finalized by the department concluded that U.S. natural gas supplies remain robust; exports help increase GDP and jobs while improving trade balances; and LNG exports benefit national security.
“Unleash Golden Era of American Energy Dominance,” Secretary Wright directed in his first Secretarial Order.
###
