
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 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.

WTI crude ended October 2026 at $102.95 with Brent near $113.10 as the Iran war premium hardened — and the bill is arriving at the pump.

Europe will release 42 million barrels of oil, per OilPrice, as the Iran war adds $11 billion a month to the EU's import bill. Inside the mechanics of strategic-reserve releases, why this one is sized the way it is, and what it can and cannot fix.