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US Gas Prices Hit Record High for Election Day Amid Global Fuel Squeeze

National averages reach historic levels as high diesel and jet fuel costs impact voters, airlines, and businesses ahead of the midterms.

27 publishers · 105 articles · first seen 20 Sept 2026 · updated 11h ago

Headline and summary written by an AI model from the linked articles; not reviewed by a person. How this was made

The odds

How the odds moved · Above $7.40
0%50%100%3%4 Nov, 13:14 UTCnowBloomberg Markets: Soaring Gas Costs Squeeze Out Europe’s Negative Power Prices · 5 Nov, 13:28 UTCNews Feed: Trump diesel deal with Russia falters as US fuel supplies hit 20-year low · 4 Nov, 18:54 UTCFortune: Gas was pricier on this Election Day than any before it — up almost 40% to $4.15 a gallon since the Iran war began · 6 Nov, 20:15 UTC404 Media: Republicans Learn X Is an Echo Chamber · 5 Nov, 14:52 UTC

Each tick is a source publishing on this story · 101 more published before price tracking began

Price data
TimeChance of yes
now3%
5 Nov, 13:45 UTC3%
4 Nov, 13:14 UTC12%

The story so far

27 publishers have covered this in 105 articles since 20 Sept 2026. CBS News Politics published first, on 20 September at 23:45 UTC; Bloomberg Markets followed 48 min later. The most recent article, from Fortune, appeared on 6 November at 20:15 UTC.

Outlets reporting it: CBS News Politics (major outlet), Bloomberg Markets (major outlet), NPR World (major outlet), The Hill (major outlet), News Feed (major outlet), The Guardian US (major outlet), Washington Post (major outlet), Axios (major outlet), Al Jazeera – Breaking News, World News and Video from Al Jazeera (major outlet), The New York Times (major outlet), The Verge (major outlet), Quartz and 15 more, all listed under Sources below.

2 prediction markets price this story:

  • Above $7.40 — the market puts it at 3%, closing 31 Dec 2026. The market resolves to Yes if the AAA national average price for diesel exceeds $7.40 on December 31, 2026. It resolves to No if that specific price is $7.40 or lower on that date. Readers often mistake the resolution source, assuming any gas price report counts instead of only the official AAA national average.
  • Above $8.60 — the market puts it at 2%, closing 31 Dec 2026. The market resolves to Yes if the AAA national average price for diesel in the US exceeds $8.60 at any point between issuance and December 31, 2026. It resolves to No if the price never reaches that threshold during this period. Readers often mistake the deadline as the end of the year without realizing the price must be above $8.60 specifically for diesel, not gasoline.

Odds are the market's probability that the outcome happens, updated every few minutes. They are information about what traders expect, not a forecast we make and not investment advice.

How it unfolded

Every source in the order it published, with the odds on Above $7.40 at that moment. A dash means the source published before we started tracking prices.

  1. CBS News PoliticsTariffs, inflation, trade wars taking toll on American farmers—
  2. Bloomberg MarketsUS Diesel Tops $6.50 a Gallon as Wars Worsen Global Fuels Crunch—
  3. NPR WorldHow a national farm leader is dealing with record diesel prices—
  4. QuartzRepublican senator is urging Trump to ban diesel exports as fuel prices soar—
  5. QuartzRecord diesel prices are hammering transport stocks and threatening to reignite inflation—
  6. Bloomberg MarketsUS Diesel Tops Record as Global Crunch Feeds Inflation—
  7. QuartzGlobal diesel shortage is expected to drag on into 2027 as U.S. prices top $6 a gallon—
  8. The Hill NewsDiesel is over $6 in 49 states: Where prices are highest and lowest—
  9. The HillA diesel-powered panic for GOP in Iowa—
  10. Times of IndiaDiesel prices hit records as Iran, Ukraine wars disrupt fuel supplies—
  11. Show 95 later sources
    1. MarketWatchJet fuel is following diesel’s price jump as the Hormuz supply shock hits the skies—
    2. News FeedDiesel surge costs European drivers €203mn per day—
    3. MarketWatchRecord-breaking diesel prices look set to push grocery bills even higher — and Thanksgiving is getting closer—
    4. Bloomberg.comDiesel Price Spike Hits Farms, Food Prices, Battleground States—
    5. Bloomberg MarketsBig Take: Why Everyone Is Talking About High Diesel Prices—
    6. Scientific AmericanDiesel fuel prices are rising—chemistry can help explain why—
    7. The Guardian BusinessPeople in the Shetlands or the Outer Hebrides: how are you coping with the diesel prices?—
    8. FortuneGas topped the equivalent of $12 a gallon in parts of Europe—and consumers are spending an extra $231 million a day on diesel—
    9. Washington PostSoaring diesel prices are clobbering Trump’s MAGA faithful, exposing rifts—
    10. The HillGOP rep says Americans feel 'fatigue' in diesel prices increasing—
    11. Hacker NewsEV Sales Are Booming in Europe with Gasoline at $10 a Gallon—
    12. Deutsche WelleDiesel prices are surging. Ukraine is only part of the story—
    13. Deutsche WelleDiesel prices are surging putting further pressure on Europe. Ukraine is only part of the story.—
    14. Deutsche WelleDiesel prices are surging putting further pressure on Europe—
    15. The Guardian BusinessPrice of diesel on UK forecourts reaches all-time high—
    16. businessinsider.comTop 10 African countries with the lowest diesel prices in September 2026—
    17. News FeedAverage UK diesel price set to reach £2 per litre within days—
    18. businessinsider.com10 African countries with the highest diesel prices in September 2026—
    19. africa.businessinsider.com10 African countries with the highest fuel prices in September 2026—
    20. National ReviewThe World Runs on Diesel—
    21. News FeedUS oil industry warns diesel prices will not return to normal for a year—
    22. MarketWatchHere’s how much more groceries, clothing and household appliances could cost as diesel prices keep surging—
    23. The Guardian BusinessUK diesel price hits record high of £2 a litre—
    24. France 24 - International breaking news, top stories and headlinesA grim winter ahead? EU states asked to prepare gas and electricity savings—
    25. The Guardian BusinessPeople in the UK: how is the cost of diesel affecting you?—
    26. Times of IndiaNayara hikes petrol by Rs 5, diesel by Rs 3 amid pressure from rising oil prices—
    27. The Guardian USSoaring diesel prices take their toll on US farmers in midwest corn belt—
    28. FortuneDiesel prices are so high that commercial fishermen sometimes can’t even afford to leave the dock. ‘It’s huge. It’s crazy. Thank you, Donald Trump’—
    29. The Guardian BusinessCoach services could be cut due to record diesel prices, operators warn—
    30. AxiosHow states are tackling midterm pump pain—
    31. Hacker NewsHigh Diesel Prices Bankrupted 16 Trucking Companies in Just 30 Days—
    32. The Guardian Business‘It really hammers people’: Scottish islanders hit by highest diesel prices in UK—
    33. AxiosThe midterms are an energy election — and here are five places to look—
    34. Bloomberg.comDiesel Price Surge Hits Farmers, Raising Food Inflation Risk—
    35. News FeedDiesel price jumps after IEA says no additional fuel will be released—
    36. Bloomberg.comHigh Court coal decision, Firmus IPO, diesel prices—
    37. Fortune‘Lipstick on a pig’: Trump’s red-dyed diesel plan is more midterms appeal than gas price solution, experts say—and even truckers are calling his bluff—
    38. Bloomberg.comKeeping Farmers Fueled Is Mission Critical for Governments—
    39. Bloomberg.comHere's Why Expensive Diesel is Wreaking Economic Havoc (Podcast)—
    40. Inc.States Like Illinois Want to Make Diesel Cheaper. Truckers Say the Fine Print Could Cost Them—
    41. Fox News PoliticsAmerica's truckers issue dire warning as soaring diesel costs threaten 'domino effect'—
    42. The GuardianUK van drivers face extra £2.5bn in diesel costs this year, figures show—
    43. Bloomberg MarketsTotalEnergies Pledges More Price Cuts to Ease Diesel-Surge Pain—
    44. QuartzIEA warned diesel supply will stay tight well into 2027 as prices hit records—
    45. News FeedGlobal diesel prices set to rise again, warns IEA—
    46. MarketWatchRising diesel prices have helped fuel inflation — and we’re about to see how much worse it could get—
    47. Bloomberg MarketsAustralians Cut Fuel Purchases as Iran War Drives Prices Higher—
    48. All Content from Business InsiderGet ready for grocery prices to get even more painful—
    49. Bloomberg MarketsIndia May Raise Fuel Prices in November, Oxford Economics Says—
    50. Bloomberg MarketsIndia Hikes Petrol Export Levy, Slashes Diesel Duty—
    51. Times of IndiaIndia raises petrol export duty fivefold to Rs 2.5/litre, cuts diesel levy to Rs 8.5—
    52. BBC BusinessFuel costs squeezing margins for some businesses—
    53. FortuneFor one grocery chain, the cost to ship lettuce now tops the lettuce itself, showing how high fuel prices are sinking their teeth across the economy—
    54. News FeedFuel-price surge turbocharges global EV sales and spells end for diesel in Europe—
    55. Roll CallDiesel dilemma squeezes Republicans in America’s heartland—
    56. All Content from Business InsiderWalmart sees current diesel prices wiping out $2.9 billion tariff refund by end of 2027, Deutsche Bank says.—
    57. FortuneFuel prices dominate midterm election discussions, but spiking utility bills may be the difference maker—
    58. South China Morning PostEconomic realities threaten Asia’s green aviation ambitions—
    59. France 24 - International breaking news, top stories and headlinesAnger at rising fuel prices bolsters Europe's far right as unrest sweeps France—
    60. The HillThe high cost of Trump’s backward fuel policy—
    61. The Guardian BusinessUK inflation jumps to 3.5% on rising motor fuels costs; UK approves Jackdaw gasfield – business live—
    62. BBC BusinessSurging fuel prices push UK inflation rate to 3.5% ahead of Budget—
    63. Bloomberg MarketsMichigan, Ohio Gas Prices Jump After Illinois Refinery Upset—
    64. The HillMarshall blames Ukraine war for high diesel prices—
    65. Bloomberg MarketsValero Sees Fuel Margins Rising Again Despite Price-Cut Efforts—
    66. AxiosWhy soaring prices aren't breaking America's diesel habit—
    67. businessinsider.com10 African countries with the highest fuel prices in October 2026—
    68. All Content from Business InsiderTrump on high gas prices: 'We're making a freaking fortune'—
    69. Fortune‘We’re making a freaking fortune’: Trump touts how much ‘money’ the U.S. is making from the Iran war as gas hits $4.29 a gallon and diesel tops $6—
    70. Bloomberg MarketsGasoline Prices Under Trump Surpass Biden-Era Average—
    71. QuartzTrump's average gas price has overtaken Biden's, piling pressure on Republicans—
    72. The HillRepublicans face a midterm reckoning over prices at the pump—
    73. businessinsider.comTop 10 African countries with the lowest diesel prices in October 2026—
    74. Bloomberg MarketsPork Slump Worsens as High Gas Prices Curb Road Trip Pit Stops—
    75. FortuneThe Trump admin said energy costs were a small price to pay in Iran war, but U.S. consumers are paying nearly 8x more than anyone else in fuel costs—
    76. BBC BusinessHaulier blames fuel prices for diesel theft—
    77. Bloomberg MarketsAmerica’s Farm Firms Signal More Murky Times With Soaring Costs—
    78. The HillOne issue, different bills: Energy costs shape key midterm races—
    79. France 24 - International breaking news, top stories and headlinesTotalEnergies posts record profits as it keeps a lid on fuel prices—
    80. africa.businessinsider.com10 African countries with the highest diesel prices in October 2026—
    81. businessinsider.comTop 10 African countries with the lowest fuel prices in October 2026—
    82. Bloomberg MarketsTokyo, Chubu Power Price Hit Multi-Year High as Fuel Costs Climb—
    83. ft.comPetrol prices set to hit record high under Trump on eve of US elections—
    84. Bloomberg MarketsRyanair Initiates Cost Drive to Offset $2 Billion Jet-Fuel Surge—
    85. The Guardian USTexas voters on high gas prices under Trump: ‘Probably made me go more Democrat’—
    86. Al Jazeera – Breaking News, World News and Video from Al JazeeraUS petrol prices dip ahead of midterms as voters eye costs—
    87. The New York TimesHis Business Was Tough. Diesel Prices Made It Impossible.—
    88. All Content from Business InsiderGas prices could shape the midterms. See the US states where prices have risen the most.—
    89. The HillGas prices reach record high for an Election Day—
    90. The VergeThis Election Day, remember which party ran against EVs and tethered us all to the gas pump—
    91. Bloomberg MarketsSunExpress Paring Back Winter Schedule on Higher Jet Fuel Prices—
    92. News FeedTrump diesel deal with Russia falters as US fuel supplies hit 20-year low12%
    93. Bloomberg MarketsSoaring Gas Costs Squeeze Out Europe’s Negative Power Prices12%
    94. 404 MediaRepublicans Learn X Is an Echo Chamber3%▼9 points since the previous source
    95. FortuneGas was pricier on this Election Day than any before it — up almost 40% to $4.15 a gallon since the Iran war began3%
  12. Current odds3%

Sources

Every article we clustered into this story. Headlines link to the publisher.

  1. Soaring Gas Costs Squeeze Out Europe’s Negative Power Prices Bloomberg Markets ·
  2. Trump diesel deal with Russia falters as US fuel supplies hit 20-year low News Feed ·
  3. SunExpress Paring Back Winter Schedule on Higher Jet Fuel Prices Bloomberg Markets ·
  4. This Election Day, remember which party ran against EVs and tethered us all to the gas pump The Verge ·
  5. Gas prices reach record high for an Election Day The Hill ·
  6. His Business Was Tough. Diesel Prices Made It Impossible. The New York Times ·
Show 99 more sources
  1. US petrol prices dip ahead of midterms as voters eye costs Al Jazeera – Breaking News, World News and Video from Al Jazeera ·
  2. Texas voters on high gas prices under Trump: ‘Probably made me go more Democrat’ The Guardian US ·
  3. Ryanair Initiates Cost Drive to Offset $2 Billion Jet-Fuel Surge Bloomberg Markets ·
  4. Petrol prices set to hit record high under Trump on eve of US elections ft.com ·
  5. Tokyo, Chubu Power Price Hit Multi-Year High as Fuel Costs Climb Bloomberg Markets ·
  6. One issue, different bills: Energy costs shape key midterm races The Hill ·
  7. America’s Farm Firms Signal More Murky Times With Soaring Costs Bloomberg Markets ·
  8. Pork Slump Worsens as High Gas Prices Curb Road Trip Pit Stops Bloomberg Markets ·
  9. Republicans face a midterm reckoning over prices at the pump The Hill ·
  10. Gasoline Prices Under Trump Surpass Biden-Era Average Bloomberg Markets ·
  11. Why soaring prices aren't breaking America's diesel habit Axios ·
  12. Valero Sees Fuel Margins Rising Again Despite Price-Cut Efforts Bloomberg Markets ·
  13. Marshall blames Ukraine war for high diesel prices The Hill ·
  14. Michigan, Ohio Gas Prices Jump After Illinois Refinery Upset Bloomberg Markets ·
  15. UK inflation jumps to 3.5% on rising motor fuels costs; UK approves Jackdaw gasfield – business live The Guardian Business ·
  16. The high cost of Trump’s backward fuel policy The Hill ·
  17. Fuel-price surge turbocharges global EV sales and spells end for diesel in Europe News Feed ·
  18. India Hikes Petrol Export Levy, Slashes Diesel Duty Bloomberg Markets ·
  19. India May Raise Fuel Prices in November, Oxford Economics Says Bloomberg Markets ·
  20. Australians Cut Fuel Purchases as Iran War Drives Prices Higher Bloomberg Markets ·
  21. Global diesel prices set to rise again, warns IEA News Feed ·
  22. TotalEnergies Pledges More Price Cuts to Ease Diesel-Surge Pain Bloomberg Markets ·
  23. UK van drivers face extra £2.5bn in diesel costs this year, figures show The Guardian ·
  24. Here's Why Expensive Diesel is Wreaking Economic Havoc (Podcast) Bloomberg.com ·
  25. Keeping Farmers Fueled Is Mission Critical for Governments Bloomberg.com ·
  26. High Court coal decision, Firmus IPO, diesel prices Bloomberg.com ·
  27. Diesel price jumps after IEA says no additional fuel will be released News Feed ·
  28. Diesel Price Surge Hits Farmers, Raising Food Inflation Risk Bloomberg.com ·
  29. The midterms are an energy election — and here are five places to look Axios ·
  30. ‘It really hammers people’: Scottish islanders hit by highest diesel prices in UK The Guardian Business ·
  31. How states are tackling midterm pump pain Axios ·
  32. Coach services could be cut due to record diesel prices, operators warn The Guardian Business ·
  33. Soaring diesel prices take their toll on US farmers in midwest corn belt The Guardian US ·
  34. People in the UK: how is the cost of diesel affecting you? The Guardian Business ·
  35. UK diesel price hits record high of £2 a litre The Guardian Business ·
  36. US oil industry warns diesel prices will not return to normal for a year News Feed ·
  37. Average UK diesel price set to reach £2 per litre within days News Feed ·
  38. Price of diesel on UK forecourts reaches all-time high The Guardian Business ·
  39. GOP rep says Americans feel 'fatigue' in diesel prices increasing The Hill ·
  40. Soaring diesel prices are clobbering Trump’s MAGA faithful, exposing rifts Washington Post ·
  41. People in the Shetlands or the Outer Hebrides: how are you coping with the diesel prices? The Guardian Business ·
  42. Big Take: Why Everyone Is Talking About High Diesel Prices Bloomberg Markets ·
  43. Diesel Price Spike Hits Farms, Food Prices, Battleground States Bloomberg.com ·
  44. Diesel surge costs European drivers €203mn per day News Feed ·
  45. A diesel-powered panic for GOP in Iowa The Hill ·
  46. Diesel is over $6 in 49 states: Where prices are highest and lowest The Hill News ·
  47. US Diesel Tops Record as Global Crunch Feeds Inflation Bloomberg Markets ·
  48. How a national farm leader is dealing with record diesel prices NPR World ·
  49. US Diesel Tops $6.50 a Gallon as Wars Worsen Global Fuels Crunch Bloomberg Markets ·
  50. Tariffs, inflation, trade wars taking toll on American farmers CBS News Politics ·
  51. Gas was pricier on this Election Day than any before it — up almost 40% to $4.15 a gallon since the Iran war began Fortune
  52. Republicans Learn X Is an Echo Chamber 404 Media
  53. Gas prices could shape the midterms. See the US states where prices have risen the most. All Content from Business Insider
  54. Top 10 African countries with the lowest fuel prices in October 2026 businessinsider.com
  55. 10 African countries with the highest diesel prices in October 2026 africa.businessinsider.com
  56. TotalEnergies posts record profits as it keeps a lid on fuel prices France 24 - International breaking news, top stories and headlines
  57. Haulier blames fuel prices for diesel theft BBC Business
  58. The Trump admin said energy costs were a small price to pay in Iran war, but U.S. consumers are paying nearly 8x more than anyone else in fuel costs Fortune
  59. Top 10 African countries with the lowest diesel prices in October 2026 businessinsider.com
  60. Trump's average gas price has overtaken Biden's, piling pressure on Republicans Quartz
  61. ‘We’re making a freaking fortune’: Trump touts how much ‘money’ the U.S. is making from the Iran war as gas hits $4.29 a gallon and diesel tops $6 Fortune
  62. Trump on high gas prices: 'We're making a freaking fortune' All Content from Business Insider
  63. 10 African countries with the highest fuel prices in October 2026 businessinsider.com
  64. Surging fuel prices push UK inflation rate to 3.5% ahead of Budget BBC Business
  65. Anger at rising fuel prices bolsters Europe's far right as unrest sweeps France France 24 - International breaking news, top stories and headlines
  66. Economic realities threaten Asia’s green aviation ambitions South China Morning Post
  67. Fuel prices dominate midterm election discussions, but spiking utility bills may be the difference maker Fortune
  68. Walmart sees current diesel prices wiping out $2.9 billion tariff refund by end of 2027, Deutsche Bank says. All Content from Business Insider
  69. Diesel dilemma squeezes Republicans in America’s heartland Roll Call
  70. For one grocery chain, the cost to ship lettuce now tops the lettuce itself, showing how high fuel prices are sinking their teeth across the economy Fortune
  71. Fuel costs squeezing margins for some businesses BBC Business
  72. India raises petrol export duty fivefold to Rs 2.5/litre, cuts diesel levy to Rs 8.5 Times of India
  73. Get ready for grocery prices to get even more painful All Content from Business Insider
  74. Rising diesel prices have helped fuel inflation — and we’re about to see how much worse it could get MarketWatch
  75. IEA warned diesel supply will stay tight well into 2027 as prices hit records Quartz
  76. America's truckers issue dire warning as soaring diesel costs threaten 'domino effect' Fox News Politics
  77. States Like Illinois Want to Make Diesel Cheaper. Truckers Say the Fine Print Could Cost Them Inc.
  78. ‘Lipstick on a pig’: Trump’s red-dyed diesel plan is more midterms appeal than gas price solution, experts say—and even truckers are calling his bluff Fortune
  79. Diesel prices are so high that commercial fishermen sometimes can’t even afford to leave the dock. ‘It’s huge. It’s crazy. Thank you, Donald Trump’ Fortune
  80. Nayara hikes petrol by Rs 5, diesel by Rs 3 amid pressure from rising oil prices Times of India
  81. A grim winter ahead? EU states asked to prepare gas and electricity savings France 24 - International breaking news, top stories and headlines
  82. Here’s how much more groceries, clothing and household appliances could cost as diesel prices keep surging MarketWatch
  83. The World Runs on Diesel National Review
  84. 10 African countries with the highest fuel prices in September 2026 africa.businessinsider.com
  85. 10 African countries with the highest diesel prices in September 2026 businessinsider.com
  86. Top 10 African countries with the lowest diesel prices in September 2026 businessinsider.com
  87. Diesel prices are surging. Ukraine is only part of the story Deutsche Welle
  88. Diesel prices are surging putting further pressure on Europe. Ukraine is only part of the story. Deutsche Welle
  89. Diesel prices are surging putting further pressure on Europe Deutsche Welle
  90. Gas topped the equivalent of $12 a gallon in parts of Europe—and consumers are spending an extra $231 million a day on diesel Fortune
  91. Diesel fuel prices are rising—chemistry can help explain why Scientific American
  92. Record-breaking diesel prices look set to push grocery bills even higher — and Thanksgiving is getting closer MarketWatch
  93. Jet fuel is following diesel’s price jump as the Hormuz supply shock hits the skies MarketWatch
  94. Diesel prices hit records as Iran, Ukraine wars disrupt fuel supplies Times of India
  95. Global diesel shortage is expected to drag on into 2027 as U.S. prices top $6 a gallon Quartz
  96. Record diesel prices are hammering transport stocks and threatening to reignite inflation Quartz
  97. Republican senator is urging Trump to ban diesel exports as fuel prices soar Quartz
  98. High Diesel Prices Bankrupted 16 Trucking Companies in Just 30 Days Hacker News
  99. EV Sales Are Booming in Europe with Gasoline at $10 a Gallon Hacker News

Related prediction markets

Linked by software because they are about the same subject. Most ask a different question from the one this story reports, so read each market's own question. How often the link is right

  • Kalshi Above $7.40 3% $0 24hends 31 Dec 2026

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  • Kalshi Above $8.60 2% $0 24hends 31 Dec 2026

    Does the market have this right?

    Wrong market?

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