# U.S. diesel and gas prices decline, but trucking fuel costs remain elevated year over year

> 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.

- Date: 2026-11-04 · published 2026-11-04T15:08:08.270Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/79896-u-s-diesel-and-gas-prices-decline-but-trucking-fuel-costs-remain-elevated-year
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: neutral
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2024-11-19 | [What do Diesel and Gasoline Tell us About Oil Prices?](https://feedsoft.ai/events/27582-what-do-diesel-and-gasoline-tell-us-about-oil-prices.md) | -0.7% | -1.3% |
| DIESEL | 2019-12-30 | [Diesel Prices Remain Stable as IMO 2020 Mandate Set to Begin - TT](https://feedsoft.ai/events/55746-diesel-prices-remain-stable-as-imo-2020-mandate-set-to-begin-tt.md) | -1.0% | -16.4% |
| DIESEL | 2020-04-21 | [Diesel’s price decline Tuesday was historic; crude’s fall sets another record - FreightWaves](https://feedsoft.ai/events/53805-diesel-s-price-decline-tuesday-was-historic-crude-s-fall-sets-another-record.md) | -32.2% | +11.1% |
| DIESEL | 2020-09-10 | [Covid and trade war fears drop oil and fuel prices - Container News](https://feedsoft.ai/events/10505-covid-and-trade-war-fears-drop-oil-and-fuel-prices-container-news.md) | +1.8% | +6.3% |
| DIESEL | 2020-03-23 | [U.S. diesel cash prices latest to slump from coronavirus fallout - Oil & Gas 360](https://feedsoft.ai/events/54334-u-s-diesel-cash-prices-latest-to-slump-from-coronavirus-fallout-oil-and-gas-360.md) | +6.2% | -11.8% |
| WTI | 2026-06-26 | [US diesel refining economics remain firm despite Iran war truce \| Reuters](https://feedsoft.ai/events/19002-us-diesel-refining-economics-remain-firm-despite-iran-war-truce-reuters.md) | -4.2% | +28.1% |
| WTI | 2023-06-20 | [TODAY IN ENERGY: U.S. diesel prices have fallen below prices from before Russia’s invasion of Ukraine](https://feedsoft.ai/events/35679-today-in-energy-u-s-diesel-prices-have-fallen-below-prices-from-before-russia-s.md) | -3.6% | +5.5% |
| WTI | 2020-07-30 | [Analysis: First Chinese gas contracts linked to international LNG prices signal oil-gas decoupling continues \| S&P Global](https://feedsoft.ai/events/52294-analysis-first-chinese-gas-contracts-linked-to-international-lng-prices-signal.md) | +2.6% | +5.1% |

## Sources

- fleetowner.com: https://www.fleetowner.com/emissions-efficiency/news/55416288/us-diesel-and-gas-prices-decline-but-trucking-fuel-costs-remain-elevated-year-over-year

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