U.S. regular gasoline prices have eased modestly to a national average of $4.41 per gallon as of early October 2026, following September records near $4.48 amid elevated crude oil near $90 per barrel. Geopolitical tensions involving Iran and disruptions to the Strait of Hormuz have kept input costs elevated, while regional refinery restarts in the Midwest and snags on the West Coast have driven weekly swings of several cents. EIA data show tight distillate inventories and resilient export demand supporting crack spreads, though softer U.S. gasoline consumption this year reflects price sensitivity. Traders are monitoring the next weekly EIA petroleum status report and any shifts in export policy or Middle East developments for near-term price direction through month-end.