Markets
US Gasoline Fell Below $4 for the First Time Since July
The US average price of regular gasoline fell to $3.98 a gallon on November 10, 2026, according to AAA, below $4 for the first time since July as crude oil slid.
Drivers are finally getting some of the oil slide at the pump. AAA's national average for regular gasoline was $3.9788 a gallon on Tuesday, November 10, down from $4.0093 the day before and $4.1493 a week earlier, the first reading below $4 since July. A month ago the average was $4.3669. The Energy Information Administration's weekly survey told the same story: $3.995 a gallon for the week to November 9, down 15.8 cents in a week.
Every region is falling, but from very different levels. The EIA had the Gulf Coast at $3.481, the East Coast at $3.847 and the Midwest at $3.868, while the West Coast averaged $5.110 and California $5.562. The Rocky Mountain region saw the biggest weekly drop, 26.7 cents. Among the states AAA lists, Hawaii was the most expensive at $5.628.
The decline follows crude. Brent settled at $92.57 on Monday after a 5.85% fall, as Washington played down further strikes on Iran and OPEC supply kept rising, and it slipped another 1.2% to $91.49 on Tuesday. Retail prices usually follow wholesale gasoline with a lag of a week or two, because stations work through fuel they bought at higher prices, so part of this fall reflects oil's slide from the late-October highs.
The relief is relative. Regular gasoline is still about 94 cents a gallon more expensive than a year ago, according to the EIA, and AAA's year-ago figure was $3.07. Diesel, which moves freight and farm equipment, is far worse: $6.127 a gallon in the EIA survey, $2.29 above last year. Gasoline also rose 1% in the October consumer price index released the same day, a reminder that the drop at the pump will only start to show up in inflation data with November's report.
For markets, cheaper fuel is a modest tailwind for airlines, delivery companies and retailers before Thanksgiving, and it eases one of the pressures the Federal Reserve has cited. Whether it lasts depends on crude: Brent was back up about 1% to $92.42 early on Wednesday on new reports of attacks on Gulf shipping, and the EIA's next weekly survey is due on November 17.