Gasoline Prices Fall Below $4
The average price of regular gasoline in the United States dropped below $4 for the first time since March, reaching $3.99. This decrease came after a decline in global oil prices following the announcement of an understanding to end the war between America and Iran and to open the Strait of Hormuz. This decline occurs amid rising inflation and expectations of further interest rate hikes to stabilize prices, amid worsening cost-of-living conditions ahead of the midterm elections.
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