Gas Averages $4.27 and Diesel $6.35 a Week Before Election Day; Every State Pays More Than a Year Ago
GasBuddy estimates Americans have spent nearly $139 billion in excess fuel costs since the Iran war began.
AAA’s national average for regular gasoline was about $4.27 a gallon on Oct. 27, and diesel averaged about $6.35, just below its September record of about $6.53, Fox News reported.
Prices are up everywhere. GasBuddy analyst Patrick De Haan says gas and diesel are higher than a year ago in all 50 states, with increases ranging from 70 cents to $1.24 a gallon, and diesel up an average of $2.72, Benzinga reported. De Haan estimates Americans have spent nearly $139 billion on excess fuel costs since March 1, after the Iran war began.
Diesel matters beyond the truck stop. It moves the food, goods and farm inputs every household buys, so a diesel spike shows up later in grocery and retail prices.
Oil companies have benefited. Benzinga noted ExxonMobil shares are up more than 20% since late February, ConocoPhillips nearly 33% and Chevron more than 24%. Democrats, including California Gov. Gavin Newsom and former Transportation Secretary Pete Buttigieg, have seized on those profits to attack the administration.
Why it matters. For working families, fuel is not optional. The long-term answer is the same one conservatives have argued for years: produce more energy at home, build pipelines and refineries, and stop letting a single chokepoint in the Persian Gulf set what Americans pay.
The other side. Democrats blame the war and administration policy for the spike; the White House says prices will fall when the conflict is settled and argues domestic production is cushioning the blow.
Open questions. Whether diesel sets a new record before winter heating demand, and how quickly prices fall if Hormuz reopens.
- Fox News: One week until midterms (AAA prices)
- Benzinga: Newsom, Buttigieg slam Trump over gas prices; analyst says diesel is $2.72 a gallon higher
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