US gasoline falls below $4 a gallon: EIA has regular at $3.995, down 27 cents in two weeks

The average US price of regular gasoline dipped under $4 a gallon, according to the Energy Information Administration. Its Monday survey for Nov. 9 shows $3.995, down 15.8 cents from the prior week. The "gas below $4" line has been running widely alongside the fall in mortgage rates; we checked it against the EIA's own table.

The number behind the headline

That is a drop of 27.4 cents in two weeks, about 6.4%. The East Coast average, at $3.847, is lower still. Two caveats: other trackers such as AAA use different methods and can show a different level on the same day, and the EIA figure is now five days old. We have not read a newer daily average.

Where it fell the most

The drop was steepest in the Midwest and Rockies, where the weekly decline ran 23 to 27 cents. California is still $5.56, and the West Coast region at $5.11 is the only one far above $4. Falling under $4 nationally is partly a Gulf Coast and Southeast story: Texas, at $3.41, pulls the average down.

Who feels it

For a delivery van that burns 40 gallons a week, 27 cents a gallon is $10.96 a week, or roughly $570 a year if prices held. A landscaping crew with four trucks at 60 gallons each saves about $65 a week. That is a modest offset. EIA's table has regular gasoline $0.939 above a year ago, so the national price is still about 31% higher than in November 2025 ($3.995 less $0.939 is $3.056).

Trucking is a different story. EIA has on-highway diesel at $6.127, down 16.5 cents on the week but $2.29 above a year ago. A truck burning 150 gallons a week pays about $919 a week at that price; a 16.5 cent drop trims only about $25 of it. Our October inflation breakdown shows how far gasoline had run before this dip.

Mortgages: the good news is already stale

Freddie Mac's weekly average fell for a fourth week to 7.11%, as we reported Thursday. But that survey runs Monday to Wednesday, and the 10-year Treasury yield has since climbed to 5.15%, so next week's reading may not extend the streak. Gasoline savings are real; the mortgage relief is on thin ice.

Sources: EIA, Gasoline and Diesel Fuel Update; Freddie Mac via our Nov. 13 report. This is market information, not investment advice.