NewsSignals AI analysis·MarketWatch·Nov 9, 2026

Gas prices are finally below $4 a gallon, but Thanksgiving fuel costs will still be the highest since 2000

Grade Bbearish AI signal$WTI

US gasoline prices fell below $4 per gallon nationally for the first time since August, but Thanksgiving fuel costs are still expected to be the highest on record in nominal terms. The national average dropped nearly 16 cents in one week to $3.96, following a nearly 13% decline in WTI crude prices, while GasBuddy forecasts gasoline could reach $3.75 by Thanksgiving. Continued easing in geopolitical tensions could pressure oil and gasoline prices further, while renewed escalation involving Iran could reverse the decline.

Bullish strength: 30/100

Gasoline prices fell nearly 16 cents per gallon in one week.
WTI crude prices declined nearly 13% last week.
GasBuddy expects gasoline prices could fall to around $3.75 by Thanksgiving.

Bearish strength: 70/100

Thanksgiving gasoline prices are still expected to be the highest in nominal terms since at least 2000.
The projected $3.75 average would exceed the previous Thanksgiving record of $3.56 in 2022.
Renewed geopolitical tensions involving Iran could lift oil and gasoline prices.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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