Gas dips below $4, but inflation remains stubbornly high
Maria Gomez has over 15 years of experience in local journalism, having previously served as the editor for the Hempstead Herald and a contributor to Newsday. She graduated from Long Island University with a degree in Journalism and has a passion for engaging with the diverse voices of Garden City. Maria believes that community journalism plays a crucial role in shaping local identity.
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PERSONAL FINANCE Gas dips below $4, but inflation remains stubbornly high Toni Yates has the details on gas prices from Bloomfield, New Jersey. WABC By Toni Yates Tuesday, November 10, 2026 11:20PM Share Follow abc7NY on Google NEW JERSEY (WABC) -- Americans saw little relief from rising living costs last month as inflation came in hotter than expected, driven by higher grocery and housing prices, even as gas prices fell below $4 a gallon nationally for the first time in months. The latest inflation report showed consumer prices rose 0.4% last month, exceeding expectations. Grocery costs continued to climb, with beef prices rising nearly 1%, while housing costs increased 0.3%, adding pressure to household budgets already stretched by higher everyday expenses. One of the few areas showing improvement was gasoline. The national average price for a gallon of gas dipped below $4 for the first time since July 19, according to AAA. At one New Jersey gas station, regular gasoline was selling for $3.85 a gallon, among the lower prices found in the region. Drivers said the decline was welcome, particularly for those with large vehicles, but many noted prices remain elevated and have not fallen as quickly as they previously rose. AAA said lower gas prices are providing some help heading into the winter months and the holiday shopping season, when many consumers face increased expenses and have few alternatives to driving. According to AAA, the recent decline is being fueled by increased U.S. oil production and growing optimism in energy markets. The organization said expectations that negotiations could eventually bring an end to the war with Iran have also helped ease pressure on oil prices, though uncertainty remains. While some motorists in the Northeast are seeing prices below $4 a gallon, AAA noted that gasoline is significantly cheaper in parts of the country, with prices as low as $3.25 in Texas and $3.46 in North Carolina. ---------- * Get Eyewitness News Delivered * More New Jersey news * Send us a news tip * Download the abc7NY app for breaking news alerts * Download our connected TV app Submit a tip or story idea to Eyewitness News Have a breaking news tip or an idea for a story we should cover? Send it to Eyewitness News using the form below. If attaching a video or photo, terms of use apply. Central Park rape suspect arrested while working in Miami, linked to 2 others 1 hour ago Stanley Zabar, co-owner of iconic Upper West Side grocery store, dies at 94 1 hour ago Helicopter pilot made mayday call moments before hard landing on pier in Bayonne 29 minutes ago Report a correction or typo Copyright © 2026 WABC-TV. All Rights Reserved. Related Topics PERSONAL FINANCE NEW JERSEY GAS PRICES Watch Live ON NOW Suspect in 3 Central Park rapes arrested working at Miami Burger King 1 hour ago Stanley Zabar, co-owner of iconic NYC grocery store, dies at 94 1 hour ago Helicopter pilot made mayday call moments before hard landing on pier 29 minutes ago Coastal low to impact NYC, Tri-State area | Live updates 2 hours ago Loaded gun found in student's locker at Long Island high school 1 hour ago EMTs rescue injured bald eagle from side of the road 2 hours ago Man accused of posing as war hero, stealing $81K from veterans 1 hour ago Grand jury indicts man on murder charge in Katie Suarez's killing 37 minutes ago