US petrol prices dip ahead of midterms as voters eye costs
Published . Updated .
Diesel prices ease to $6.29 per gallon, offering slight relief amid a global fuel demand squeeze.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “petrol” (oil) in this story.
- XLE Energy Select Sector SPDR+12.1% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “petrol” (oil) in this story.
- XOM ExxonMobil Holdings+13.4% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “petrol” (oil) in this story.
- CVX Chevron+15.7% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “petrol” (oil) in this story.
- COP ConocoPhillips+8.3% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “petrol” (oil) in this story.
- SHEL Shell+0.1% 13d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “petrol” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | -1.54% | -1.29% | base | -6.86% | after close | after close | after close |
| XLE | -0.51% | -2.20% | base | -3.37% | after close | after close | after close |
| XOM | -1.45% | -2.77% | base | -3.50% | after close | after close | after close |
| CVX | -1.54% | -2.69% | base | -3.20% | after close | after close | after close |
| COP | -1.71% | -3.24% | base | -4.35% | after close | after close | after close |
| SHEL | -1.66% | -3.31% | base | -3.44% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
US petrol prices dip ahead of midterms as voters eye costs Al Jazeera
Source: Al Jazeera
The price since 2 Nov 2026: United States Oil Fund (USO) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Conocophillips (COP) | that day | -4.35% | still updating |
| Conocophillips (COP) | three days earlier | -3.24% | final price |
| Conocophillips (COP) | five days earlier | -1.71% | final price |
| Chevron (CVX) | that day | -3.20% | still updating |
| Chevron (CVX) | three days earlier | -2.69% | final price |
| Chevron (CVX) | five days earlier | -1.54% | final price |
| Shell (SHEL) | that day | -3.44% | still updating |
| Shell (SHEL) | three days earlier | -3.31% | final price |
| Shell (SHEL) | five days earlier | -1.66% | final price |
| United States Oil Fund (USO) | that day | -6.86% | still updating |
| United States Oil Fund (USO) | three days earlier | -1.29% | final price |
| United States Oil Fund (USO) | five days earlier | -1.54% | final price |
| Select Sector Spdr Tr (XLE) | that day | -3.37% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | -2.20% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -0.51% | final price |
| ExxonMobil Holdings (XOM) | that day | -3.50% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | -2.77% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -1.45% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 19 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 63 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 19 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 40 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 61 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 68 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 70 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 73 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who is named in “US petrol prices dip ahead of midterms as voters eye costs”
Companies mentioned with this story
- USO United States Oil Fund
For “US petrol prices dip ahead of midterms as voters eye costs,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “petrol” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “US petrol prices dip ahead of midterms as voters eye costs.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “petrol” (oil) in this story
- XOM ExxonMobil Holdings
For “US petrol prices dip ahead of midterms as voters eye costs,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “petrol” (oil) in this story
- CVX Chevron
In “US petrol prices dip ahead of midterms as voters eye costs,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “petrol” (oil) in this story
- COP Conocophillips
Conocophillips (COP) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “US petrol prices dip ahead of midterms as voters eye costs.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “petrol” (oil) in this story
- SHEL Shell
For “US petrol prices dip ahead of midterms as voters eye costs,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “petrol” (oil) in this story
How “US petrol prices dip ahead of midterms as voters eye costs” reaches United States Oil Fund (USO)
“US petrol prices dip ahead of midterms as voters eye costs” (2 Nov 2026) reaches United States Oil Fund (USO) through this story.
For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “petrol” (oil) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “petrol” (oil) in this story
Dates and price levels for United States Oil Fund (USO)
USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00. XOM traded between 172.72 and 188.47 across 14 sessions. The latest close on file is 187.27.
A simple score for United States Oil Fund (USO)
46 out of 100Price not final
“US petrol prices dip ahead of midterms as voters eye costs” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.