U.S. regular gasoline averaged $4.15 per gallon on Tuesday, Nov. 3, the highest Election Day reading since 2000 and 35 cents above the prior election-day peak.
That earlier high was $3.80 in 2022. The 2024 Election Day average was $3.10, more than $1 below Tuesday’s figure. The comparison is limited to Election Day readings, rather than all U.S. gasoline prices.
The historical comparison shifts when inflation is included: the 2012 Election Day price exceeds $5 a gallon in adjusted terms, above the 2026 nominal price. Prices had declined over the preceding days and weeks, but the national average remained elevated.
In the U.S. Energy Information Administration (EIA) report for the week ending Oct. 23, gasoline stocks rose 3.9 million barrels to 209.2 million barrels. Finished motor gasoline product supplied, a proxy for retail demand, averaged 8.358 million barrels a day, down 625,000 from the previous week. EconoTimes previously covered the weekly gasoline stocks and demand figures.
EconoTimes previously reported that Wednesday, Nov. 4, was the scheduled date for the U.S. Energy Information Administration (EIA) to publish its next weekly product-supplied figures.
