U.S. gasoline prices fall below $4 a gallon for the first time since March, according to AAA data cited by multiple outlets. Drivers see some relief after more than three months of elevated prices tied to the U.S.-Iran conflict and fears about oil supply disruptions, including shipping through the Strait of Hormuz. Several reports link the price drop to progress toward a U.S.-Iran agreement that supports easing tensions and, in turn, reduces crude-oil risk premiums.
Across sources, the national average for regular gasoline is reported at about $3.99 to $3.85 depending on the outlet’s timing, with coverage describing the decline as ongoing, including a third or sixth consecutive week of decreases. While prices move under $4, they remain substantially higher than before the conflict began. Outlets also report year-over-year and pre-war comparisons showing gasoline is still roughly 25% to 30% higher than last year’s level, and around a dollar or more higher than it was before the war started. Some sources add that overall household costs and inflation pressures extend beyond fuel.
