Gas Prices Dip Below $4 as Oil Markets Reassess Iran WarElection Results Help Drive Oil Prices and Pump Costs DownFalling Gas Prices Vindicate Trump as Oil Markets Cool
On November 9, the White House claimed credit as the U.S. average price of regular gasoline fell below $4 per gallon, amid a sharp decline in oil prices after the midterm elections.On November 9, U.S. gasoline prices fell below $4 per gallon as oil prices slid after the midterms and markets anticipated stronger congressional scrutiny of the Iran war.On November 9, the White House pointed to gasoline falling below $4 per gallon as vindication of President Donald Trump’s forecast, while oil prices plunged after the midterms.