US Gasoline Prices Drop to $4.01 Per Gallon
United States gasoline prices have fallen for six straight weeks, though diesel costs remain high and threaten to drive up Thanksgiving travel expenses.
Average regular gasoline prices in the United States fell to $4.01 per gallon on November 9, 2026, marking the sixth consecutive week of declines. Despite this trend, fuel costs for the upcoming Thanksgiving holiday are projected to reach a nominal record. Recent averages of $4.15 per gallon exceed the previous Thanksgiving-week record of $3.65 set in 2022, although prices remain lower than the inflation-adjusted peaks of 2008 and 2022.
While gasoline costs decrease, AAA reports that diesel prices remain elevated at $6.29 per gallon. The Energy Information Administration notes that diesel stockpiles have dropped to their lowest levels since 2003. This sustained cost for transport fuel is increasing business expenses and raising inflation concerns among S&P 500 companies.
Market analysts expect further relief for gasoline prices provided that Middle East supplies remain stable and geopolitical risk premiums decrease.
