U.S. Air Force / Airman 1st Class Andrew Lee / Public domain
GasBuddy’s measure of the U.S. national average price of gasoline fell below $4 a gallon Sunday for the first time since August 10, according to analyst Patrick De Haan, marking a milestone for drivers after months above that level.
De Haan put the average at $3.998 a gallon in an 11:10 a.m. Eastern time update on November 8. The figure is his morning snapshot of the national average, not a promise about the price on every station’s sign.
“The national average price of gasoline has fallen below $4 per gallon for the first time since August 10,” he wrote in his Sunday update. He described gasoline as “$3.998/gal and falling” and said diesel prices were also declining.
The separate AAA national average was $4.0203 on Sunday, so the below-$4 milestone applies to the GasBuddy measure De Haan reported.
Seasonal declines meet hopes for an Iran deal
In a follow-up to the same post, De Haan said the decline was mainly seasonal, with falling oil prices on optimism over a possible deal with Iran also contributing. That explanation links the pump-price improvement both to the seasonal pattern he identified and to expectations about diplomacy.
The distinction matters for drivers planning their next fill-up. The milestone describes a national average crossing a threshold; it does not set one uniform retail price. Individual stations and local markets can remain above or below it.
Diesel’s next threshold remains a forecast
De Haan said diesel was “poised to fall below $6 soon.” That was his expectation for the next move, separate from the gasoline milestone already reached in his morning data.
For households paying to commute, run errands or travel, a lower pump price reduces the cost of buying the same amount of fuel. For businesses buying diesel, the next threshold he flagged would be another sign of relief if the decline continues.
Sunday’s gasoline update moves the story from an expected drop to an observed milestone in De Haan’s tracking. The national average had crossed below $4; how much motorists save on their own fill-up still depends on the price where they buy.
Archive photograph of a gas station, not a current price display.
JBizNews Desk | United States
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