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Gasoline Prices Jump 34.2% as Fuel Oil Soars 74.2%

By Drooid · Oct 31, 2026 · How we work

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U.S. gasoline prices rose 34.2% year-over-year, topping Biden-era levels.
U.S. fuel oil prices jumped 74.2% year-over-year, driven by residential heating.
ECB official Isabel Schnabel called the surge “fossilflation,” linking energy costs to inflation.
Atlantic Council said political volatility adds direct cost to U.S. energy projects and urged a stable federal framework.
Semafor editor Tim McDonnell said limiting oil-and-gas exposure could reduce U.S. volatility.

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U.S. gasoline prices rose 34.2% year-over-year, topping Biden-era levels.
U.S. fuel oil prices jumped 74.2% year-over-year, driven by residential heating.
ECB official Isabel Schnabel called the surge “fossilflation,” linking energy costs to inflation.
Atlantic Council said political volatility adds direct cost to U.S. energy projects and urged a stable federal framework.
Semafor editor Tim McDonnell said limiting oil-and-gas exposure could reduce U.S. volatility.