● Economy

Gas Falls 11.6 Cents in a Week as Iran-War Spike Eases

The national average is down three straight EIA readings from 4.284 dollars in mid-October, though pump prices remain 1.13 dollars above a year ago.

The national average for regular gasoline fell 11.6 cents in a week to $4.153 a gallon on Nov. 2, according to the Energy Information Administration. It was $4.269 on Oct. 26 and $4.284 on Oct. 19 — three straight weekly declines.

That is still $1.134 higher than a year earlier, and it is the number President Trump pointed to Wednesday when he called Vice President JD Vance's claim that the Iran war cost Republicans the election "largely true" because it "drove the gasoline up a little bit short term."

Diesel, the fuel that moves freight and farm goods, was $6.292 a gallon, down 6 cents on the week but $2.539 above last year. AAA's national average showed $4.149 on Nov. 3.

The direction is the good news for drivers: relief has arrived at the pump, if slowly. The level is the problem. Whether prices keep sliding will matter to the voters who just handed Republicans a loss, and to the White House as it defends the Iran policy it says it would repeat.

Sources: U.S. Energy Information Administration, AAA Gas Prices, NBC News

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