
US Gasoline Falls Below $4 a Gallon for First Time Since July
US gasoline falls below $4 a gallon for the first time since July, but diesel stays stubbornly high — why drivers may see sub-$3 fuel, and what could stop it.
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US gasoline falls below $4 a gallon for the first time since July, but diesel stays stubbornly high — why drivers may see sub-$3 fuel, and what could stop it.

Brent crude slid below $90 for the first time since August as peace hopes on Iran and Ukraine deflated the war premium — but tanker rates tell another story.

Brent settled $8.66 lower at $104.77 on Monday — its biggest daily drop since July — as a US-Iran peace plan draft circulated. WTI bounced 1.65% by Tuesday.

Brent fell $1.51 to $111.92 a barrel as Iran peace talks unwind the war premium. The arithmetic says roughly $43 of every barrel is still fear.

The Fed rate decision for November 2026 lands Wednesday: a third straight hold at 3.75%-4.00% looks likely. Here is what could change the outcome.

The latest CPI data shows inflation picking up again, complicating the Fed's path and squeezing household budgets.

Analysts clash on when global oil demand will peak, with disagreements stemming from varying assumptions about EV adoption, petrochemical growth, and emerging market development.