The average price of regular gasoline in the U.S. fell to $3.995 a gallon in the week of Nov. 9, according to weekly retail price data the Energy Information Administration released Tuesday, Nov. 10. It is the first weekly reading under $4 since the week of July 13, when the average was $3.855.
That is 15.8 cents lower than a week earlier and 27.4 cents lower than two weeks ago. Drivers are still paying 93.9 cents a gallon more than they did a year ago.
AAA's daily survey shows prices still falling. Its national average for regular was $3.979 on Nov. 10, down from $4.149 a week earlier and $4.367 a month ago. Edit USA reported on Nov. 8 that the AAA figure had dropped to $4.02.
Where prices fell most
The Midwest and the Rocky Mountain states led the decline. Ohio and Colorado each fell 32.2 cents in a week, and Denver dropped 37.4 cents, the biggest move among the 10 cities the EIA tracks.
| Area | Regular, week of Nov. 9 | Change in one week |
|---|---|---|
| U.S. average | $3.995 | down 15.8 cents |
| Texas | $3.408 | down 17.0 cents |
| Ohio | $3.768 | down 32.2 cents |
| Denver | $3.642 | down 37.4 cents |
| New York | $4.116 | down 10.1 cents |
| California | $5.562 | down 18.6 cents |
The East Coast fell the least, 8.9 cents, and New York, Massachusetts and the New England and Central Atlantic regions are still above $4. Texas had the lowest price of the nine states in the EIA's weekly table. California had the highest, and Washington was second at $4.874.
Diesel is still near its peak
Diesel fell 16.5 cents to $6.127 a gallon, the EIA said, which is $2.29 more than a year ago. In California it averaged $7.897.
AAA's own diesel average was $6.157 on Nov. 10, about 37 cents below its record of $6.528, set Sept. 22.
What the government expects next
The EIA's Short-Term Energy Outlook, also released Nov. 10, forecasts retail gasoline will average $3.89 a gallon for all of 2026 and $3.73 in 2027. That 2027 figure is 5% higher than the agency forecast a month ago. Its 2027 diesel forecast rose 12%, to $5.03.
The agency said crude prices rose for a third straight month in October after attacks on oil tankers in the Persian Gulf, falling global inventories and tight shipping capacity. It expects Brent crude to stay near $100 a barrel through the end of this year and to fall gradually to an average of $77 by late 2027. That forecast assumes most Middle East oil production outside Iran returns to pre-conflict levels by the middle of next year, and that global fuel markets stay tight through the end of 2027.
The EIA's next weekly price survey comes out Nov. 17, and its next outlook on Dec. 8.
