The Energy Department Is Unleashing U.S. Oil And Natural Gas Production, Resulting In Lower Costs For American Families And Businesses
January 20, 2026
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The Energy Department Is Unleashing U.S. Oil And Natural Gas Production, Resulting In Lower Costs For American Families And Businesses
RECORD-LEVELS OF DOMESTIC OIL AND NATURAL GAS PRODUCTION ARE LOWERING COSTS FOR AMERICAN FAMILIES
- 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.
U.S. LNG EXPORTS ARE INCREASING AT A RECORD PACE AND ON TRACK TO DOUBLE BY THE END OF THE DECADE
- 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 January 2024, the Biden administration paused pending and future applications to export LNG, in order to review its impact on the environment.
- 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 the world’s second-largest LNG supplier.
- Under President Trump’s leadership, the Energy Department has removed regulatory barriers blocking LNG exports, including rescinding a Biden-era policy statement that required LNG exporters to meet strict criteria before the agency would request to extend a commencement date for an approved project.
- Under the current administration, the Energy Department removed a barrier that banned the use of LNG as a marine fuel to power vessels, also known as LNG bunkering. The Biden administration had previously issued oversight over JAX LNG—a small coastal LNG facility in James Point near Jacksonville, Florida, that uses LNG as fuel for ships.
- On June 11, 2025, JERA—a Tokyo-based Japanese energy company joined U.S Secretary of Energy Chris Wright and Secretary of the Interior Doug Burgum to announce they have committed to U.S. LNG purchases through several 20-year off-take agreements with American LNG companies.
- JERA’s agreements will procure up to 5.5 million tonnes per year of LNG to the U.S., contribute over $200 billion to U.S. GDP, and support more than 50,000 U.S. jobs annually.
- In May 2025, the Energy Department finalized the 2024 LNG export study showing key findings, including that the United States has a robust natural gas supply; exports increase GDP, expand jobs, and improve trade; and LNG exports improve national security.