USA Gasoline Falls Below $4 for 1st Time Since August

Rigzone·Nov 11, 2026 · 6:26 AM CT

Readthrough summary

The U.S. average gasoline price fell 15.9 cents in a week to $3.96 a gallon, below $4 for the first time since August, GasBuddy says, though still 92.2 cents higher than a year ago. Analyst Patrick De Haan said the midterm elections weren't the cause, pointing to seasonal refinery output, falling demand and more oil moving through the Strait of Hormuz.

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