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U.S. diesel and gasoline prices edged lower in the week ahead of the midterm elections, the first downward movement after weeks of elevated fuel costs. Diesel remains more than $2 per gallon above a year earlier, and the average gas price had briefly held above $4 on Election Day.
Diesel costs remain a major input for trucking and feed distribution, and the Strait of Hormuz conflict continues to keep global crude and diesel supply uncertain, so the price relief may be limited.
fleetowner.comJenna HumeNov 4, 2026After 79 past bearish macro events, ULSD / Diesel moved a median -1.0% over 5 sessions (39% higher; middle half -5.7% to +1.7%), and -1.5% over 20.
After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
