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US gas prices drop below $4 a gallon for first time since July amid easing oil tensions.

Market News
10 Nov 2026, 18:29 WIB
CNBC
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Bullish
US gas prices drop below $4 a gallon for first time since July amid easing oil tensions.

The US average price for regular gasoline fell below $4 a gallon on November 10, reaching $3.9788, the first time since July. This decline, about 17 cents from last week and 39 cents from last month, is driven by lower crude oil prices and seasonal demand drops. Oil prices eased due to hopes of reduced Middle East tensions and recovering Gulf crude flows. However, the Federal Reserve warns that energy price shocks could still impact inflation persistently.

U.S. gas prices fell below $4 a gallon for the first time since July, reaching $3.9788 on November 10, 2026. For readers following energy stocks, here is Pluang's market snapshot as of Nov 10, 2026 22:21 WIB: out of 79 priced US energy stocks, 32 rose and 47 fell. Notable movers include PBF Energy Inc. at USD 67.14 with a -3.47% change and First Solar, Inc. at USD 185.21 with a -3.34% change.

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