How to Lower Energy and Gas prices in a supply and demand shock The United States is facing sky-high oil prices… prices are over 100$ a barrel. The current exact price is ~98.91$ a barrel of crude oil, and the price is up ~4.63% today. (Trading Economics, n.d.) As of February 2026, electricity prices are ~298.11$ compared to 277.36$ in February 2024. (Trading Economics, n.d.). The average price of gas as of late March 2026 in the United States in 3.98$ a gallon. (American Aut