U.S. gas prices could soon dip below $4 a gallon

FinanceInternationalCBS NewsNov 5, 2026, 4:19 PMAI summary

Energy experts expect the U.S. national average gasoline price to fall below $4 a gallon, a level not seen since July. GasBuddy put it at $4.06 a gallon on Thursday and its analyst Patrick De Haan expects it to drop below the threshold next week. The decline is attributed to expectations that the midterm elections will pressure a deal with Iran, heavier tanker traffic through the Strait of Hormuz and seasonal factors.

In 40 seconds

GasBuddy put the national average at $4.06 a gallon on Thursday and expects it to fall below $4 next week
Brent fell below $100 for the first time since September to $97.44; WTI traded at $90.42
De Haan attributes the drop to optimism that the midterms will push a deal to end the conflict with Iran

Read the full story at CBS News

IASummary generated by artificial intelligence from a story by CBS News. It may contain errors: the original source prevails.

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Brent
WTI
energía

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U.S. gas prices could soon dip below $4 a gallon

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