# Gas Falls Below $4 for the First Time Since August, and No, the Election Didn’t Do It

> The U.S. average gasoline price fell 15.9 cents over the week to $3.96 per gallon, while the average diesel price dropped 9.5 cents to $6.186. GasBuddy attributed the declines to seasonal factors, including weaker demand in cooler weather and refiners increasing output after maintenance, and said increased oil flows through the Strait of Hormuz could help keep prices lower.

- Date: 2026-11-09 · published 2026-11-09T18:08:11.162Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/89861-gas-falls-below-4-for-the-first-time-since-august-and-no-the-election-didn-t-do
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Seasonal demand easing and stronger refinery output increase fuel availability, while higher oil flows may further relieve crude supply concerns. Lower fuel prices ease transport and production costs for feed buyers.

## Read by commodity

- BRENT: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2025-05-06 | [Why oil prices are falling and what it means for the economy : NPR](https://feedsoft.ai/events/24843-why-oil-prices-are-falling-and-what-it-means-for-the-economy-npr.md) | +6.7% | +6.1% |
| DIESEL | 2022-07-12 | [Oil falls 8% as global recession fears spook market \| Oil and Gas News \| Al Jazeera](https://feedsoft.ai/events/40647-oil-falls-8-as-global-recession-fears-spook-market-oil-and-gas-news-al-jazeera.md) | -3.2% | -16.5% |
| DIESEL | 2019-05-24 | [Oil Falls As US-China Trade War, Demand Make 'Recipe for Disaster' - Business Insider](https://feedsoft.ai/events/9797-oil-falls-as-us-china-trade-war-demand-make-recipe-for-disaster-business-insider.md) | -6.4% | -2.6% |
| DIESEL | 2025-04-04 | [Oil falls to near 4-year low amid recession fears, OPEC+ production hikes](https://feedsoft.ai/events/7295-oil-falls-to-near-4-year-low-amid-recession-fears-opec-production-hikes.md) | -6.2% | -8.6% |
| DIESEL | 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) | -3.8% | +1.6% |
| BRENT | 2020-10-29 | [Oil falls more than 3%, on track for worst week since April](https://feedsoft.ai/events/50799-oil-falls-more-than-3-on-track-for-worst-week-since-april.md) | +5.1% | +24.6% |
| BRENT | 2018-12-01 | [Rupee gains past 70 a dollar for first time in 3 months: 5 things to know](https://feedsoft.ai/events/62320-rupee-gains-past-70-a-dollar-for-first-time-in-3-months-5-things-to-know.md) | +6.0% | -10.4% |
| BRENT | 2018-12-20 | [The Canadian dollar and the price at the gas pump: Why you can’t win for losing - The Globe and Mail](https://feedsoft.ai/events/61782-the-canadian-dollar-and-the-price-at-the-gas-pump-why-you-can-t-win-for-losing.md) | -8.1% | +10.6% |

## Sources

- gasbuddy.com: https://www.gasbuddy.com/go/gas-falls-below-4-for-the-first-time-since-august-and-no-the-election-didnt-do-it

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