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U.S. gas prices on track to fall below $4 a gallon, experts say

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Cite

Cunningham, M. (2026, November 5). U.S. gas prices on track to fall below $4 a gallon, experts say. CBS News. https://www.cbsnews.com/news/gas-prices-below-four-dollars-expert-predicts/

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CBS News · collected 2026-11-05 · by Mary Cunningham

Quick Summary

Energy experts predict U.S. gasoline prices will drop below $4 per gallon for the first time since July, with some analysts like Patrick De Haan of GasBuddy expecting this to occur by next week. The decrease is attributed to factors such as easing tensions over Iran and increased oil tanker traffic through the Strait of Hormuz, leading to a fall in crude oil prices. Additionally, seasonal shifts towards winter-blend fuel production further contribute to the decline, alongside reduced demand for travel during autumn months.
Written by AI on 2026-11-06, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

As of November 5, 2026, U.S. gas prices are forecasted to drop below $4 a gallon, according to Patrick De Haan, a petroleum expert at GasBuddy. On that day, the national average was reported as $4.06 per gallon by GasBuddy. This decline is expected to continue through Thanksgiving, with diesel prices potentially dropping below $6 a gallon. The reduction in gas and diesel prices can be attributed to market expectations of increased pressure on the U.S. government to resolve conflicts, particularly regarding Iran. Additionally, an increase in oil tanker traffic through the Strait of Hormuz has alleviated constraints on global oil supply, contributing further to lower fuel costs.

Written for “U.S. Gas Prices Falling” on 2026-11-06, grounded in this article and the 0 other(s) covering the same event.
Why this leaning score
This article does not take a side on a contested political question, so it has no leaning score. That is an answer rather than a gap: a match report or a rescue can be warmly or critically written without being left or right, and scoring it anyway is how approval of a subject gets recorded as a political position.
No political leaning scored for article 132794 · logged 2026-11-06

Story

📰 U.S. Gas Prices Falling
Economy/Business · 1 article(s) covering the same event.

Compared with similar articles

This article reads unscored and hedges 11% of its claims. Each row says how that neighbour differs.
NBC News
Hedges 5 of 23 claims Outlet record 72/100
“While both articles discuss a decrease in oil and gas prices, they describe different points in time with distinct price levels and timing for further declines.”
ABC News (US)
Hedges 0 of 1 claims Outlet record 67/100
“Both articles discuss falling fuel prices around the same time, but Article B provides a more detailed forecast and timeframe for future price drops rather than reporting on a single specific incident.”
Al Jazeera
Hedges 3 of 15 claims Outlet record 60/100
“The articles discuss general trends in petrol prices but refer to different time periods and predictions, not a single specific incident.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
19
sentences that state something as happening or true
Uncertain
11%
2 of 19 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
69/100
CBS News's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-11-06 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

CBS News · 4807 article(s) · 8 correction(s) detected
Running correction rate · 8 correction(s)

Who wrote this

Mary Cunningham
48 article(s) here · 1 carrying a prediction
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Also by Mary Cunningham
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 48 articles by Mary Cunningham →

Topics

CBS News De Haan GasBuddy Iran U.S.

Subjects

U.S. GPE · 5× De Haan PERSON · 3× Americans NORP · 1× CBS News ORG · 1× GasBuddy ORG · 1× Gulf Oil ORG · 1× Iran GPE · 1× Patrick De Haan PERSON · 1× Tom Kloza PERSON · 1× Trump PERSON · 1×

Narrative

Patrick De Haan, a petroleum expert at price-tracking firm GasBuddy, told CBS News that he expects the national average for gas, which the price-tracking firm put at $4.06 a gallon on Thursday, to dip below the $4 threshold by next week.
framing: assertive · carried by 1 article(s) · first seen 2026-11-06
🔮 Motorists could soon see U.S. gasoline prices fall below $4 a gallon for the first time since July, according to energy experts.
2026-11-06 · CBS News
U.S. gas prices on track to fall below $4 a gallon, experts say · assertive framing

Claims (19 extracted, 2 hedged)

Motorists could soon see U.S. gasoline prices fall below $4 a gallon for the first time since July, according to energy experts. uncertain
prices → see → experts
Patrick De Haan, a petroleum expert at price-tracking firm GasBuddy, told CBS News that he expects the national average for gas, which the price-tracking firm put at $4.06 a gallon on Thursday, to dip below the $4 threshold by next week. asserted
firm → track → week
He also predicted diesel could fall below $6 a gallon by Thanksgiving, he said. uncertain
he → predict → Thanksgiving
Gas and diesel prices have both dropped in recent weeks. asserted
prices → drop → weeks
The decline was largely due to market expectations that the U.S. would underscore public dissatisfaction with the war in Iran and increase pressure on the Trump administration to strike a deal ending the conflict, De Haan said. asserted
Haan → underscore → conflict
"Oil prices have been falling in the run-up to the election," he said. asserted
he → fall → election
"My read is because there was optimism that after the midterms these problems would be addressed. asserted
problems → be → midterms
" Other factors pushing down gas prices Other factors are also putting downward pressure on fuel costs. asserted
factors → push → costs
Oil tanker traffic through the Strait of Hormuz has picked up, easing constraints on global oil supply, De Haan said. asserted
Haan → pick → supply
Brent crude, the international benchmark, fell below $100 on Thursday for the first time since September, trading at $97.44 by midday. asserted
crude → fall → midday
West Texas Intermediate, the U.S. benchmark, was trading at $90.42 a barrel. asserted
Intermediate → trade → 90.42
Prices tend to dip in the fall when Americans pull back on road trips and summer travel, De Haan noted. asserted
Haan → tend → trips
Filling stations are already switching to winter-blend gas, which is less costly to produce than summer-blend fuel. asserted
which → switch → fuel
Tom Kloza, chief energy adviser for Gulf Oil, predicts that the average U.S. gas price will sink below $4 within the next 10 days. asserted
price → predict → days
The profit gas stations earn on each gallon of gas sold — currently around 75 cents per gallon — is also larger than usual. asserted
stations → earn → gallon
"Historically, that is too outsized," he said in an email. asserted
he → say → email
"A more normal markup would be 40 cents a gallon, and that means that even if futures prices and physical markets hang around present levels, we should see lower pump prices for the foreseeable future." asserted
we → mean → future
The Trump administration has used various tools to ease gas prices. asserted
administration → use → prices
That includes expanding access to , opening the door to , and waiving what's known as the , a federal statute that requires goods shipped between U.S. ports to be moved on ships that are U.S.-built, U.S.-flagged and U.S.-crewed. asserted
that → include → ships
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