Average US Gasoline Price Falls Below $4 a Gallon for First Time Since July
AAA data show the national average price of regular gasoline fell to $3.9788 a gallon on November 10, its first drop below $4 since July. Lower international oil prices and recovering oil exports from the Persian Gulf have helped push prices down, though analysts say seasonal factors have also played a role.
American Automobile Association data show that the national average retail price of regular gasoline in the United States fell to $3.9788 a gallon on November 10, 2026, about 17 cents lower than a week earlier and nearly 39 cents lower than a month earlier. It was the first time US gasoline prices had fallen below $4 a gallon since July. One gallon is approximately 3.785 liters.
A gas station beside a highway in Pennsylvania, United States, on November 1, 2026.（VietVance）
A report released by the US Bureau of Labor Statistics on November 10 showed that the energy price index rose 0.7% month on month in October, down from a 5.2% increase in September. The gasoline price index rose 1% month on month, compared with a 9.1% increase in September. Lower retail gasoline prices help ease living cost pressures on US households that rely on cars.
International oil prices are also falling. During trading on November 10, Brent crude briefly dropped below $90 a barrel for the first time since August. US President Donald Trump said he hoped the conflict between the United States and Iran would end soon and played down the possibility of further military strikes in the Middle East. ING said crude oil exports from the Persian Gulf region, including shipments by pipeline, had recovered to about 80% to 85% of their pre-conflict level.
Analysts at Bespoke Investment Group noted that US gasoline prices typically fall at this time of year as travel demand weakens after the peak tourism season, so part of the recent decline may be temporary. Federal Reserve Governor Christopher Waller said on November 10 that although energy prices had fallen from recent highs, they remained significantly above their level at the start of the year; their ultimate effect on inflation would depend on where prices settle in the period ahead.
Source: VietVance
