Average U.S. Gasoline Price Falls Below $4 for First Time in Months
Drivers are enjoying some relief at the pump after the United States and Iran signed an agreement to reopen the Strait of Hormuz.

Gas prices in the U.S. on Thursday dipped below $4 for the first time in months, after the U.S. and Iran signed a memorandum of understanding (MOU) that calls for the reopening of the critical Strait of Hormuz. The national average price of a gallon of regular gas is about $3.99, according to the American…
Drivers are enjoying some relief at the pump after the United States and Iran signed an agreement to reopen the Strait of Hormuz.
Drivers feel some relief but prices still a dollar more per gallon overall since before US-Israel attack on IranSign up for the Breaking News US newsletter email The average price of US gasoline fell to just under $4 a gallon on Thursday for the first time since March, following the announcement of a preliminary agreement between the US and Iran to end the…
Americans have spent about $46 billion more on gasoline since the start of the conflict.
Economy experts, however, don't expect prices to reach pre-war levels before the summer is over.
The average price of jet fuel has fallen to its lowest level since the beginning of the war with Iran. But aviation experts say the cost of airfare is likely to stay high, at least for now.