Economy

U.S. Gas Prices Drop Below $4 a Gallon for First Time Since July

AAA reports the national average reached $3.9788 on Tuesday as cheaper winter fuels and lower seasonal driving cut pump costs.

cbsnews.com

The national average price for a gallon of regular gasoline in the United States dropped to $3.9788 on Tuesday, falling below $4 for the first time in nearly four months, according to AAA.

The decline brings welcome relief to drivers preparing for holiday road trips after pump costs reached $4.56 per gallon earlier in 2026. The drop follows recent momentum that saw crude benchmarks slide on potential diplomatic paths, pulling retail fuel lower after a steady slide from Monday's average of $4.0093.

Cheaper Winter Fuel Blends Take Over

Pump prices typically fall by 10 to 30 cents per gallon during winter months as road trips drop off and stations switch away from costlier fuel. Under federal rules, gas stations must dispense summer-blend fuel from June 1 to September 15 to limit evaporation, after which retailers can transition to less expensive winter mixtures.

International crude benchmarks have also receded from recent peaks, including Brent crude, which touched $113.43 a barrel on October 30. Costs had climbed sharply after President Donald Trump authorized military strikes in Iran in late February, but Trump stated at a White House press briefing that the conflict is moving toward resolution.

GasBuddy petroleum analyst Patrick De Haan expects motor fuel expenses to continue easing through the Thanksgiving holiday. State averages already vary widely, ranging from $3.290 per gallon in North Carolina to $5.765 in California as of November 7.

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Tofig Aghayev
Founder & Editor-in-Chief
Tofig Aghayev has been working professionally in the media and film industry since 1997. He has worked as a producer, TV reporter, and camera operator at Buta Film, Azerbaijan Television (AzTV), and Miraz TV. From 1997 to 2006, he served as a producer at Buta Film, contributing to various film and television projects. In 2006, he joined AzTV as a TV reporter and camera operator, where he worked for 17 years. Since 2023, he has been working as a TV reporter at Miraz TV. He is the founder and Editor-in-Chief of Miraz tv LLC, incorporated in California on July 8, 2025.