The U.S. Department of Energy reports that domestic oil and natural gas production have reached record levels, resulting in lower 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. This increase in production has contributed to a decrease in gasoline prices, which are now at a four-year low with an average of about $2.90 per gallon. Gasoline is currently available for under $3 per gallon in 43 states.
Natural gas production has also reached record highs, with output projected to reach 109 billion cubic feet per day this year. The Energy Department credits the Energy Dominance Financing Program (EDF), established under the Working Families Tax Cut, for supporting ongoing development of natural gas projects in the United States.
The department cites data from the American Gas Association indicating 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 from 2008. This amounts to an estimated $3,445 in savings for the average American household.
Efforts are also underway to rebuild the Strategic Petroleum Reserve (SPR) after it was drawn down by 180 million barrels in 2022. In November 2025, contracts were awarded for deliveries totaling one million barrels of crude oil from the Bryan Mound site between December 2025 and January 2026.
U.S. liquefied natural gas (LNG) exports are increasing rapidly and are projected to double by the end of the decade. The Department notes that after restrictions on LNG exports imposed by the previous administration were lifted, export activity accelerated significantly.
A study finalized by the Energy Department in May 2025 found that U.S. LNG exports do not impact greenhouse gas emissions or correlate with higher energy costs domestically. The study also concluded that increased LNG exports contribute positively to GDP growth, job creation, trade expansion, and national security.
Secretary of Energy Chris Wright issued a Secretarial Order aimed at advancing what he called “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 70% greater than current volumes exported by other leading global suppliers.
The department has also removed regulatory barriers related to LNG exports and marine fuel use that had been put in place during previous administrations.
On June 11, 2025, JERA—a Japanese energy company—announced alongside Secretary Wright and Secretary of the Interior Doug Burgum new commitments for long-term purchases of U.S.-produced LNG through several twenty-year agreements with American companies. These agreements will secure up to 5.5 million tonnes per year of LNG imports and are expected to contribute over $200 billion to U.S. GDP while supporting more than 50,000 jobs annually.
“Thanks to President Trump’s leadership, domestic oil and gas production has achieved record-high levels of output,” according to statements released by the Department of Energy.
“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.”
