GasBuddy Still Shows $4.06. A Drop Below $4 Is Only a Forecast.

GasBuddy’s national gasoline average was $4.06 a gallon on Thursday and still $4.06 early Friday, CBS News reported on Nov. 6. A move below $4 is a forecast, not a price the tracker has already recorded.

Patrick De Haan of GasBuddy told CBS he expects the average under $4 by next week, for the first time since July. He also said diesel could fall below $6 by Thanksgiving. Tom Kloza of Gulf Oil predicted a sub-$4 average within about 10 days. CBS attributed the recent decline, in De Haan’s reading, to hopes of an Iran-war deal after the midterms and to a pickup in tanker traffic through the Strait of Hormuz. He cited Brent at $97.44 by midday Thursday and West Texas Intermediate at $90.42. Those are crude prices, not the gasoline average.

Less autumn driving and the switch to winter-blend fuel, which costs less to make, were also cited. Kloza said station markup is about 75 cents a gallon, against a more typical 40 cents. The $4.06 figure is a national tracker, not a state price, and this article is not a new EIA weekly survey.

Is U.S. gasoline already below $4 a gallon? No. GasBuddy still showed $4.06 early Friday. A dip under $4, and any diesel move under $6, is a forecast rather than a completed pump price.