U.S. gas prices fall below $4 for the first time since July
The national average price of regular gasoline dropped below $4 a gallon on Tuesday, November 10, according to AAA data, ending a 114-day stretch at or above that level. GasBuddy separately reported its national average just under $3.97. Multiple news outlets confirmed the milestone, though AAA's exact average figure was not provided in the source material. The decline comes after a six-week slide in pump prices nationwide.
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- ✓ The national average price of regular gasoline fell below $4 a gallon on Tuesday, November 10, for the first time since July, according to AAA data.
- ✓ GasBuddy reported its national average just under $3.97.
- ✓ The move below $4 ended a 114-day stretch at or above that level.
What changed
The national average price of regular gasoline fell below $4 per gallon on Tuesday, ending a 114-day period at or above that level.
Live updates
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U.S. average gas price falls below $4 per gallon for first time since July
The national average price of regular gasoline dropped below $4 a gallon on Tuesday, November 10, according to AAA data, ending a 114-day stretch at or above that level. GasBuddy separately reported its national average just under $3.97. Multiple news outlets confirmed the milestone, though AAA's exact average figure was not provided in the source material. The decline comes after a six-week slide in pump prices nationwide.
Why it matters
Gas prices had remained at or above $4 per gallon since July before falling beneath that threshold this week. The drop follows a broader six-week decline in retail fuel costs across the United States. Analysts say the election results are not driving the price movement, despite the timing coinciding with the midterms. Thanksgiving travel remains a key uncertainty, with some reports indicating holiday gas prices are still on track for a record even after the recent slide.
What is confirmed
- The national average price of regular gasoline fell below $4 a gallon on Tuesday, November 10, for the first time since July, according to AAA data.
- GasBuddy reported its national average just under $3.97.
- The move below $4 ended a 114-day stretch at or above that level.
Still unconfirmed
- Thanksgiving gas prices are on track for a record even after the six-week slide.
What to watch next
- Whether the national average remains below $4 through the Thanksgiving holiday weekend
- Whether AAA or GasBuddy releases updated weekly average figures showing further declines or a reversal
confidence 92%Sources used for this update (20)
- www.cbsnews.com — CBS News | Breaking news, top stories & today's latest headlines
- www.cnn.com — Breaking News, Latest News and Videos | CNN
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- en.sedaily.com — NAVER Map Navigation Comes to AI Glasses From Meta, Google, Samsung - Seoul Economic Daily
- www.cnbc.com — Oil today: Iran, US, crude, wti, brent, trump
- kyma.com — U.S. launches strikes on Iran on eve of Election Day
- CNN — Gas is about to drop below $4 for the first time since July
- Yahoo Finance — Thanksgiving gas is on track for a record, even after a six-week slide
- Yahoo Finance — Thanksgiving gas is on track for a record, even after a 6-week slide
- NBC News — Gas prices fall below $4 per gallon for the first time since July
- NPR — Gas prices dip below $4 but inflation remains stubbornly high
- CBS News — Gas prices slip below $4 a gallon for first time since July
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