US fuel prices fall below four
The average price per gallon of gasoline in the United States has fallen below four dollars, following a preliminary agreement between the United States and Iran and the resumption of oil shipments through the Strait of Hormuz. Despite this decrease, prices remain 25% higher compared to the same period last year, putting pressure on household budgets and raising expectations of higher food prices due to supply chain issues and stock shortages. Additionally, the price of crude oil per barrel has dropped below eighty dollars. While it was above one hundred dollars during the war, it still remains above pre-war levels.
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