Gasoline prices in the US fall below $4

The average price of gasoline in the United States has fallen below four dollars per gallon for the first time since mid-April, with the price dropping to $3.997 amid growing optimism about a preliminary agreement with Iran to reopen the Strait of Hormuz. The four-dollar mark is considered a psychological barrier that influences consumer behavior, and this decrease has provided some support to the Trump administration, which has been facing negative reactions due to rising fuel costs. Additionally, gasoline prices remain 90.8 cents higher than the same period last year.

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