US gasoline falls below $4 per gallon

The average price per gallon of gasoline in the United States has fallen below $4 for the first time since March, reaching approximately $3.99, boosting consumers' hopes for improved fuel prices. This decline comes amid a drop in global oil prices and the signing of a memorandum of understanding between the United States and Iran to end the war and reopen the Strait of Hormuz, following escalating tensions that led to a significant rise in energy prices and inflation. Prices are still 34% higher compared to the period before the start of the war.

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