# Gasoline at $4.20 Defies Trump’s Below-$2 Price Pledge

> US gasoline averaged $4.20 a gallon and diesel $6.32 on Friday, roughly 40% and 70% above a year earlier. Fuel costs rose after the US and Israel attacked Iran and Tehran restricted Strait of Hormuz tanker traffic, and refinery attacks added to the squeeze.

- Date: 2026-11-01 · published 2026-11-02T03:08:19.807Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/74655-gasoline-at-4-20-defies-trump-s-below-2-price-pledge
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Diesel is a key input for trucking and farm equipment, so higher diesel costs raise feed delivery and farm operating costs and support pricing for energy-linked inputs.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-09-24 | [Diesel Traders Bet on Price Spike as Russia Refineries Hit - TT](https://feedsoft.ai/events/23065-diesel-traders-bet-on-price-spike-as-russia-refineries-hit-tt.md) | -0.1% | -5.3% |
| DIESEL | 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) | +0.2% | +3.1% |
| DIESEL | 2026-10-09 | [US diesel prices remain high despite Trump’s moves to boost supplies By Reuters](https://feedsoft.ai/events/637-us-diesel-prices-remain-high-despite-trump-s-moves-to-boost-supplies-by-reuters.md) | -1.2% | -7.9% |
| DIESEL | 2026-01-29 | [Crude Prices Surge as President Trump Ramps Up Pressure on Iran](https://feedsoft.ai/events/21230-crude-prices-surge-as-president-trump-ramps-up-pressure-on-iran.md) | -4.2% | +5.1% |

## Sources

- market-updates.com: https://market-updates.com/gasoline-420-defies-trump-below-2-price-pledge/

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