single source·6h ago·6 sources analyzed
Gas prices fall below $4 per gallon for the first time in months
Gas prices have decreased as a result of a new agreement with Iran. However, prices remain significantly higher than before recent conflicts. (sources: cbsnews, cnbc, washingtonpost, abcnews, nbcnews)
Image: nbcnews
Modern Action Briefing
The average price of gasoline has dipped below $4 per gallon for the first time in several months, following a memorandum signed by Trump regarding Iran. Despite this decrease, prices are still notably elevated compared to pre-war levels.
- Gas prices have fallen below $4 per gallon for the first time since March.
- The decrease follows a memorandum of understanding signed by Trump with Iran.
- Prices remain approximately 30% higher than before the conflict that began on February 28.
Why it matters
The fluctuation in gas prices can impact consumer spending and overall economic conditions.
Top coverage · 6 sources
cbsnewsGas prices dip below $4 a gallon on average for first time in months after Iran deal progresscnbcGas prices fall below $4 per gallon as oil supply fears ease after Iran dealwashingtonpostGas prices fall under $4 as Trump signs deal to reopen Strait of HormuzabcnewsUS gas prices dip below $4 for the first time since March