US gasoline prices fall sixth week

Gasoline prices in the United States continue to decline for the sixth consecutive week, falling by 14.1 cents per gallon to an average of $3.85 per gallon, representing a roughly 15% decrease from their peak in May. This decline has been driven by progress in negotiations between Washington and Tehran and a reduction in fears about global oil supplies, although there are still ongoing risks related to shipping activity through the Strait of Hormuz and the conditions in global markets.

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