The U.S. Department of Energy reports that domestic oil and natural gas production has reached record levels, contributing to lower energy costs for American families and businesses. 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. Gasoline prices have dropped to a four-year low, averaging about $2.90 per gallon, with prices below $3 per gallon in 43 states.
Natural gas output is also at historic highs, projected to reach 109 billion cubic feet per day this year. The Energy Dominance Financing Program (EDF), created under the Working Families Tax Cut, continues to support new natural gas projects across the country. The American Gas Association estimates that over the past 17 years—including forecasts through 2025—natural gas use has led to inflation-adjusted savings of $1.6 trillion compared to prices in 2008, amounting to approximately $3,445 in savings for the average household.
The Department is also working on refilling the Strategic Petroleum Reserve (SPR) after a significant drawdown in 2022 by awarding contracts for one million barrels of crude oil deliveries from the Bryan Mound site between December 2025 and January 2026.
U.S. liquefied natural gas (LNG) exports are increasing rapidly and are expected to double by the end of the decade. After restrictions were placed on LNG exports by the previous administration in January 2024—which paused pending and future applications for environmental review—the current administration has resumed regular order on export reviews.
A study completed by the Department of Energy in September 2023 found that U.S. LNG exports did not increase greenhouse gas emissions or energy costs domestically.
Secretary Chris Wright’s first Secretarial Order directed the agency to “Unleash Golden Era of American Energy Dominance.” In line with this directive, more than 17.6 billion cubic feet per day of LNG exports were authorized or re-authorized in 2025—a figure over 70% higher than current exports from the world’s second-largest supplier.
Recent policy changes have removed regulatory barriers on LNG exports and rescinded requirements imposed during previous administrations. These include lifting bans on using LNG as marine fuel and reversing oversight measures affecting facilities like JAX LNG near Jacksonville, Florida.
On June 11, 2025, Japanese energy company JERA joined Secretary Wright and Secretary of the Interior Doug Burgum to announce long-term agreements with American LNG companies for up to 5.5 million tonnes annually over twenty years—expected to contribute more than $200 billion to U.S. GDP and support over 50,000 jobs each year.
In May 2025, a finalized study from the Department concluded that U.S. natural gas supplies remain robust; increased exports benefit GDP growth and job creation; and exporting LNG enhances national security.
