the truth on gas prices and elections. 1/ gas prices are falling and some people are already crediting (or blaming) the midterms. here’s what’s actually going on: it’s fall, and prices tend to drop in the fall. 🧵

BREAKING: the national average price of gasoline has fallen below $4 per gallon for the first time since August 10. $3.998/gal and falling, diesel also falling and is poised to fall below $6 soon.

we're just hours away from reaching a major milestone: Americans will have spent $150 billion more on gasoline and diesel since March 1 by later today (vs same time a year ago). the total current cost: $149.623 billion and rising.

new election day record: the highest ever national average for gasoline and diesel prices ever on election day. $4.12/gal for gasoline, $6.28/gal for diesel.

I estimate that on election day, Tuesday of next week, the U.S. will hit $150 billion more spent collectively on gasoline and diesel since March 1 versus same period last year. Currently at $146.6 billion and rising.

the relief isn’t coming before election day. gas holding at $4.24/gal, diesel at $6.34/gal — Great Lakes spiking on a refinery issue, Hormuz at a fraction of normal traffic, and every policy lever has been pulled. weekly update is live!

according to GasBuddy data, we've seen now 76 straight days now where the national average price of gasoline has set a record for the calendar date. every day since aug 10.

Americans have now spent $142 billion more on gasoline and diesel since March 1, enough to buy 361,000 homes at the September median price, enough to house over 900,000 people, due to the US war on Iran and other factors like limited output from Russia

September's national average price of gasoline was $4.332/gal according to GasBuddy data, up 6.8% from August's $4.056/gal level, the second highest monthly average in 2026- it was the most expensive September *ever*

BREAKING: 2026 has now seen more days with average gas prices over $4/gal than any year before: 158 days

gas was $2.94/gal before the first strikes in february. it’s $4.33 today. hormuz was wide open in january. i’ll let you connect the dots

13-24c/gal is now 22-39c/gal and counting... diesel prices will sharply swing higher soon at a pump near you

wholesale diesel prices not blinking over Russia/US "deal", wholesale prices up 13-24c/gal, $6/gal diesel may be here to stay for now- truckers and farmers not going to see any relief anytime soon.

it’s official: 2026 has now tied 2022 for the most days ever with the national average price of gasoline above $4/gal. 157 days and counting. one more and it’s a new record

agreed, many many questions about the deal that go beyond the headlines, but ultimately, agree on the conclusion- this will not meaningfully reduce diesel prices. buying Russian diesel by a country who exports >50 million gallons per day is an abomination

tomorrow will tie 2022's record for number of days with the national average above $4/gal. 2022 saw 157 days above $4. today is our 156th day above $4 this year. tomorrow, we tie that 157 days and Wednesday we set a new record for most days above $4/gal in any year ever.

Russia attacks a Ukrainian powerplant, violating the energy ceasefire. Trump responds by threatening to cut Ukraine’s arms, not Russia. Ukraine says it’s ready to stop hitting refineries. Russia signals it isn’t. draw your own conclusions.