The national average for a gallon of regular gasoline fell below $4 per gallon for the first time since July. According to data from November 12, 2026, the national average dropped nearly 20 cents to $3.90 over the past week.
Data from the Energy Information Administration (EIA) shows that gasoline demand decreased last week from 8.80 million barrels per day to 8.76 million barrels. During that same period, total domestic gasoline supply increased from 209 million to 210.8 million barrels, while gasoline production decreased from 9.70 million barrels per day to 9.62 million barrels.
At the close of Wednesday's formal trading session, WTI rose 49 cents to settle at $86.53 per barrel. The EIA reported that U.S. crude oil inventories increased 4.7 million barrels to 414.4 million barrels, which is 4% below the five-year average.
The national average for electricity at a public EV charging station remained at 42 cents per kilowatt hour this past week. In terms of state rankings, Utah is among the nation's ten most expensive gasoline markets with a price of $4.22 per gallon. Utah also ranks as one of the ten least expensive states for public electric charging at 35 cents per kilowatt hour.
Gasoline demand typically decreases during autumn, which contributes to lower pump prices. Additionally, gas stations are selling winter-blend gasoline, which is cheaper to produce. Despite the recent drop, the current national average remains higher than normal for this time of year, making this month the most expensive November on record for gas prices.
