The national average for regular fuel fell to $4.17 per gallon on Monday, while diesel prices slipped six cents over the past week to $6.29. Even with these recent drops, fuel costs sit well above the $3.04 per gallon average recorded a year ago. Average prices during President Donald Trump's second term were set to surpass the prior record of $3.46 per gallon set under former President Joe Biden. The White House stated that costs will decrease significantly once military tensions fully conclude, though energy company stocks dipped on the news.
Key points
Cost-of-living issues remain a rare point of bipartisan focus, with majorities of both po…: Cost-of-living issues remain a rare point of bipartisan focus, with majorities of both political parties wanting Congress to address expenses.
Current fuel relief has not erased year-over-year inflation, as fuel remains over a dolla…: Current fuel relief has not erased year-over-year inflation, as fuel remains over a dollar more expensive per gallon than last year.
The average petrol price during the current administration was poised to break the histor…: The average petrol price during the current administration was poised to break the historical record previously set under Joe Biden.
Sources checked by our analysis pipeline: 1
Diesel prices ease to $6.29 per gallon, offering slight relief amid a global fuel demand squeeze.
Petrol prices have dipped amid renewed diplomatic efforts to end the war on Iran but remain high one day before the midterm elections in the United States, as the cost of living remains a central issue for voters.
On Monday, the average price for a gallon (3.78 litres) of regular petrol was $4.17, according to the American Automobile Association (AAA), which tracks daily petrol prices. That is down 12 cents from this time last week and 23 cents from a month ago.
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By comparison, prices were $3.04 this time a year ago and $2.98 on February 28, when the US and Israel first struck Iran.
Diesel fuel prices remain high at $6.29 per gallon,…
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