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Knox, B. (2026, November 10). Gas prices drop below $4 for first time since July despite inflation. Washington Examiner. https://www.washingtonexaminer.com/policy/energy-and-environment/4798638/gas-price-drop-below-4-first-july-inflation-but-still-up-30-percent-from-pre-war-levels/
Knox, Brady. “Gas prices drop below $4 for first time since July despite inflation.” Washington Examiner, 10 Nov. 2026, https://www.washingtonexaminer.com/policy/energy-and-environment/4798638/gas-price-drop-below-4-first-july-inflation-but-still-up-30-percent-from-pre-war-levels/.
Knox, Brady. “Gas prices drop below $4 for first time since July despite inflation.” Washington Examiner, November 10, 2026. https://www.washingtonexaminer.com/policy/energy-and-environment/4798638/gas-price-drop-below-4-first-july-inflation-but-still-up-30-percent-from-pre-war-levels/.
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As of November 10, 2026, U.S. gasoline prices fell below $4 per gallon for the first time since July, according to data from AAA and GasBuddy. This decline, amounting to a decrease of more than 38 cents in one month, is attributed to falling crude oil prices and refineries switching to cheaper winter fuel blends, as well as seasonal drops in demand. Despite this relief at the pump, overall inflation remains high, with consumer prices increasing by 0.4% in October compared to September. Patrick De Haan, a petroleum expert from GasBuddy, predicts that fuel costs could continue to ease into Thanksgiving due to ongoing geopolitical improvements and reduced tensions related to the conflict with Iran.
Gas prices reached record highs this year amid the war with Iran and the closure of the Strait of Hormuz, but the U.S.’s growing ability to get oil through the strait has given the U.S. a reprieve at the pump, along with signaling of peace overtures from the White House.