Gas Prices Fall for Fourth Straight Week

New Jersey drivers saw gasoline prices drop 6.9 cents per gallon this week, as the national average slipped below $4 for the first time since early August.

Updated on Nov. 9, 2026 in Oil and Gas

Bold flat-color editorial illustration of a black fuel nozzle hanging on a pale pump housing beside an empty concrete apron, evoking easing gasoline costs. — Gasoline prices fell for a fourth straight week, with New Jersey averaging $4.05 per gallon and the national average dipping below $4 for the first time since early August. AI Illustration. Upload story photo >

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New Jersey gasoline prices fell for the fourth straight week, averaging $4.05 per gallon on Monday, according to a GasBuddy survey of 3,525 stations. Gasoline prices fell in every state over the last week, and the national average dropped below $4 per gallon.

Why it matters

Lower pump prices ease household fuel costs in New Jersey and across the country heading into the winter months. Analysts attribute the decline to refinery maintenance finishing and reduced seasonal demand.

The GasBuddy survey of 3,525 stations found New Jersey gasoline averaging $4.05 per gallon, 24.1 cents lower than a month ago but $1.07 higher than a year ago. The national average stood at $3.96 per gallon, down 15.9 cents from the prior week, and it is not yet clear how long the decline will continue.

The players

GasBuddy

GasBuddy is a mobile app and fuel-price tracking service that publishes weekly station-level gasoline price surveys across the United States.

The details

Gasoline prices are falling as refiners finish maintenance and ramp up output, while demand fades with cooler weather. Diesel prices also declined in nearly every state over the last week, and more oil is moving through the Strait of Hormuz.

Gasoline prices have typically fallen in the 30 days before an election every year since 2006, except 2010.
In early August, the national average last fell below $4 per gallon.
On Monday, New Jersey's average reached $4.05 per gallon.

Season Trajectory

This decline continues a pattern in which gasoline prices have fallen in the 30 days before an election in every year since 2006 except 2010. Washington may turn its focus toward affordability following the election, and the price trend could keep gas below $4 per gallon in the weeks ahead.

Drivers filling up in New Jersey are paying roughly $1.07 less than a year ago, and the 24.1-cent monthly drop lowers the cost of commuting and household fuel budgets. Diesel prices also fell in nearly every state, which may ease costs for freight-dependent goods.

The takeaway

Gasoline costs are easing into the cooler months, but prices remain well above last year's levels, so drivers may still want to compare pump prices before filling up.