The U.S. Department of Energy reports that domestic oil and natural gas production have reached record levels, resulting in lower costs for consumers and businesses across the country.
According to the Department, U.S. crude oil production hit an all-time high of 13.6 million barrels per day in 2025, a trend expected to continue into 2026. This increased output has contributed to gasoline prices falling to a four-year low, averaging about $2.90 per gallon, with prices below $3 per gallon in 43 states.
Natural gas production is also at record highs, projected to reach 109 billion cubic feet per day this year. The Energy Dominance Financing Program (EDF), established under the Working Families Tax cut, will continue supporting new natural gas projects domestically.
The American Gas Association estimates that over the past 17 years, including forecasts through 2025, expanded natural gas use has saved Americans $1.6 trillion in inflation-adjusted terms compared to prices from 2008. This translates to an average savings of $3,445 per household.
Efforts are underway to rebuild the nation’s Strategic Petroleum Reserve (SPR). After significant drawdowns in 2022, the Department awarded contracts for one million barrels of crude oil deliveries from the Bryan Mound site between December 2025 and January 2026.
Liquefied natural gas (LNG) exports are increasing rapidly and are projected to double by decade’s end. The Department returned to regular review processes for LNG export applications after previous restrictions were imposed in January 2024 pending environmental impact reviews. A study conducted by the Department in September 2023 found that LNG exports did not significantly affect greenhouse gas emissions or energy costs in the U.S.
Secretary Wright issued a directive described as aiming to “Unleash Golden Era of American Energy Dominance.” As a result, LNG export authorizations or re-authorizations exceeded 17.6 billion cubic feet per day in 2025—over 70% more than current exports by the world’s second-largest supplier.
Regulatory changes have removed several barriers for LNG exporters, including rescinding policy statements that set stricter requirements for project commencement extensions and lifting bans on using LNG as marine fuel—a restriction previously enforced at facilities like JAX LNG near Jacksonville, Florida.
On June 11, 2025, Japanese energy company JERA announced with Secretary of Energy Chris Wright and Secretary of the Interior Doug Burgum their commitment to long-term U.S. LNG purchases through multiple twenty-year agreements with American suppliers. These deals are expected to secure up to 5.5 million tonnes of LNG annually for JERA, contribute over $200 billion to U.S. GDP, and support more than 50,000 jobs each year.
A finalized study on LNG exports completed by the Department in May 2025 concluded that there is a strong domestic supply of natural gas; exports help increase GDP and employment; and national security is enhanced by robust export activity.
“Thanks to President Trump’s leadership, domestic oil and gas production has achieved record-high levels of output.
U.S. crude oil production set an all-time high records of output at 13.6 million b/d in 2025—a trend that is expected to continue in 2026.
Record-levels of domestic oil production has resulted in lower gas prices for American drivers.Gas prices are at a 4-year low averaging about $2.90/gal and are continuing to plummet. Gas can now be found for under $3 per gallon in 43 U.S. states.”
“Under President Trump’s leadership, natural gas production has reached record-high levels of output.
Natural gas is expected to reach 109 billion cubic feet per day (Bcf/d) this year, a new all-time high.
Thanks to the Energy Dominance Financing Program (EDF) created under the Working Families Tax cut, the Energy Department will continue to sponsor the development of natural gas projects in the U.S.
Expanding natural gas production will keep costs low for American households.According to the American Gas Association, over the last 17 years, including forecasts from 2025, natural gas has led to an overall inflation-adjusted savings of $1.6 trillion compared to re-recovery prices in 2008. This equates to $3,445 in savings for the average American household.”
“The Energy Department is continuing to rebuild our strategic strength and has begun the process of refilling the Strategic Petroleum Reserve (SPR), after it was recklessly depleted by the Biden administration with its 180-million-barrell drawdown in 2022. In November 2025, the Energy Department awarded contracts for deliveries of one million barrels of crude oil for the Strategic Petroleum Reserve (SPR), from the Bryan Mound site, beginning December 2025 through January 2026.”
“Under President Trump’s leadership, the Energy Department has returned to regular order on U.S. liquefied natural gas (LNG) export reviews, and LNG exports are increasing at a record pace after restrictions were placed on exports of LNG by the Biden administration.In January 2024, the Biden administration paused pending and future applications to export LNG, in order to review its impact on the environment. The former administration’s decision was made despite a September 2023 study from the DOE, which showed U.S. LNG exports and natural gas did not impact on U.S. greenhouse gas emissions. The study also revealed LNG exports did not correlate with an uptick in energy costs.”
“In his first Secretarial Order, Secretary Wright directed the Energy Department to “Unleash Golden Era of American Energy Dominance,” and as a result—U.S. LNG exports are on track to double by the end of the decade.In 2025, the Energy Department authorized or re-authorized more than 17.6 Bcf/d of LNG exports— more than 70% greater than the volume exported today by world’s second-largest LNG supplier.”
“Under President Trump’s leadership,the Energy Department has removed regulatory barriers blocking LNG exports,includings rescinding a Biden-era policy statement that required LNG exporters meet strict criteria before agency would request extend commencement date approved project.Under current administration,the Energy Department removed barrier banned use LNG marine fuel power vessels also known as bunkering.The Biden administration had previously issued oversight over JAX LNG—a small coastal facility James Point near Jacksonville Florida uses fuel ships.”
“On June11 ,JERA—a Tokyo-based Japanese energy company joined US Secretary Chris Wright Secretary Interior Doug Burgum announce committed purchases several off-take agreements companies.JERA agreements procure up million tonnes year contribute over$200 billion GDP support more than jobs annually.”
“In May25 ,Energy finalized export showing findings United States robust supply increase expand improve trade improve national security.”
