# Does the blue wave mean lower gasoline and diesel prices soon? Don't hold your breath

> Democrats are poised to take control of Congress after midterms in which voter anger over fuel costs from the Iran war was a major factor. Brent has fallen to near $95 from about $110 earlier in the war, but gasoline averages $4.12 and diesel is about $2.50 above a year ago.

- Date: 2026-11-05 · published 2026-11-05T12:07:42.345Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/81610-does-the-blue-wave-mean-lower-gasoline-and-diesel-prices-soon-don-t-hold-your
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Retail fuel prices track a complex international crude and refined-product market, so a new Congress is unlikely to move them quickly. Diesel stays expensive for trucking and feed transport costs while Hormuz disruption persists.

## Read by commodity

- WTI: neutral
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-06-24 | [Diesel Prices Fall Below $5 a Gallon - TT](https://feedsoft.ai/events/19006-diesel-prices-fall-below-5-a-gallon-tt.md) | -5.3% | +15.5% |
| WTI | 2022-04-01 | [Soybean oil prices have fallen, but palm and sunflower oil prices remain high 01.04.2022 - UkrAgroConsult](https://feedsoft.ai/events/4038-soybean-oil-prices-have-fallen-but-palm-and-sunflower-oil-prices-remain-high-01.md) | -4.4% | +4.2% |
| WTI | 2026-03-09 | [Markets seesaw over oil price fears as Trump says war to be ‘ended soon’ - The Washington Post](https://feedsoft.ai/events/6634-markets-seesaw-over-oil-price-fears-as-trump-says-war-to-be-ended-soon-the.md) | +8.5% | +25.0% |
| WTI | 2018-12-07 | [Who really influences the price of oil?](https://feedsoft.ai/events/61732-who-really-influences-the-price-of-oil.md) | +2.2% | -6.2% |
| WTI | 2026-04-29 | [In five charts: How UAE's exit could affect Opec's influence over the oil price](https://feedsoft.ai/events/19884-in-five-charts-how-uae-s-exit-could-affect-opec-s-influence-over-the-oil-price.md) | +2.2% | -10.9% |
| 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 | 2024-10-08 | [Fuel prices diverge: Diesel up, gasoline down, amid hurricanes and heightened Middle East tension \| FleetOwner](https://feedsoft.ai/events/11683-fuel-prices-diverge-diesel-up-gasoline-down-amid-hurricanes-and-heightened.md) | -3.3% | -3.9% |
| DIESEL | 2026-03-03 | [Iran War Sends Diesel Prices Soaring All Over the World on Supply Chokepoints - Bloomberg](https://feedsoft.ai/events/5528-iran-war-sends-diesel-prices-soaring-all-over-the-world-on-supply-chokepoints.md) | +17.7% | +50.3% |

## Sources

- npr.org: https://www.npr.org/2026/11/05/nx-s1-6029365/gas-diesel-price-congress-midterms

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