Gas prices fall sharply, defying expert predictions of a prolonged high-price era

Politico — White House—Energy prices, including gasoline, have dropped significantly in recent months, contradicting widespread forecasts from experts who predicted they would remain elevated. Analysts are now examining why their models failed to anticipate the decline, pointing to factors including increased domestic production, softer demand, and shifts in global oil markets. The drop is delivering relief to American consumers after years of high fuel costs. The miss is prompting a broader reassessment of how energy price forecasts are built and communicated to the public.

• Politico — White House — A new analysis identifies the modeling errors that led experts to predict sustained high gas prices.
• RealClearPolitics — Energy prices drop sharply, contradicting forecasts from leading experts
• Memeorandum — Analysts are examining why their high-price forecasts failed to account for supply and demand shifts.