# Weekly Economic News: Gasoline prices drop sharply, exports and imports exceed $1 trillion.

> A weekly Vietnamese economic roundup reports that Brent crude briefly exceeded $117 a barrel on Middle East tensions and supply-disruption risk. Vietnamese gasoline prices fell sharply from November 1 after the special consumption tax was cut to 0%. Trade turnover passed $1 trillion for the first time in 10 months, and gold and stocks fell.

- Date: 2026-11-01 · published 2026-11-01T18:11:40.246Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/30093-weekly-economic-news-gasoline-prices-drop-sharply-exports-and-imports-exceed-1
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Elevated Brent prices raise freight, diesel and fertilizer costs for feed supply chains, though the Vietnamese gasoline cut is a domestic tax effect rather than a global price driver.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-02 | [Diesel and Gasoline Prices Rise on Iran Strikes - TT](https://feedsoft.ai/events/8776-diesel-and-gasoline-prices-rise-on-iran-strikes-tt.md) | +31.0% | +62.6% |
| BRENT | 2026-03-01 | [Oil prices are rising sharply after US and Israeli attacks \| AP News](https://feedsoft.ai/events/5234-oil-prices-are-rising-sharply-after-us-and-israeli-attacks-ap-news.md) | +31.0% | +62.6% |
| BRENT | 2019-06-20 | [Oil prices surge after Iran shoots down US drone \| Business and Economy \| Al Jazeera](https://feedsoft.ai/events/12319-oil-prices-surge-after-iran-shoots-down-us-drone-business-and-economy-al-jazeera.md) | +7.0% | +2.1% |
| BRENT | 2026-04-02 | [Oil prices jump and shares drop after Trump threatens more Iran strikes](https://feedsoft.ai/events/12922-oil-prices-jump-and-shares-drop-after-trump-threatens-more-iran-strikes.md) | -2.8% | +8.2% |
| BRENT | 2019-10-01 | [Saudi Arabia crude oil production outage affects global crude oil and gasoline prices](https://feedsoft.ai/events/57236-saudi-arabia-crude-oil-production-outage-affects-global-crude-oil-and-gasoline.md) | -3.3% | +0.2% |
| DIESEL | 2026-03-02 | [Diesel and Gasoline Prices Rise on Iran Strikes - TT](https://feedsoft.ai/events/8776-diesel-and-gasoline-prices-rise-on-iran-strikes-tt.md) | +36.4% | +69.9% |
| DIESEL | 2026-03-01 | [Oil prices are rising sharply after US and Israeli attacks \| AP News](https://feedsoft.ai/events/5234-oil-prices-are-rising-sharply-after-us-and-israeli-attacks-ap-news.md) | +36.4% | +69.9% |
| DIESEL | 2026-04-02 | [Oil prices jump and shares drop after Trump threatens more Iran strikes](https://feedsoft.ai/events/12922-oil-prices-jump-and-shares-drop-after-trump-threatens-more-iran-strikes.md) | -2.9% | +2.5% |

## Sources

- vietnam.vn: https://www.vietnam.vn/en/ban-tin-kinh-te-tuan-gia-xang-giam-manh-xuat-nhap-khau-vuot-1-000-ty-usd

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.