Gas dips below $4 a gallon after months of pump pain
The national average for regular gasoline has fallen below $4 per gallon. This price dip follows a deal signed between President Donald Trump and Iran. Costs remain 25% higher than the previous year.
What changed
Updated the date of the last benchmark crossing from mid-April to March 30.
Live updates
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US Gas Prices Drop Below $4 Per Gallon
confidence 90%The national average for regular gasoline has fallen below $4 per gallon. This price dip follows a deal signed between President Donald Trump and Iran. Costs remain 25% higher than the previous year.
What's confirmed:
- The average price for a gallon of regular gas in the US is now below $4.
- This is the first time prices have dropped below $4 since March.
- Gasoline prices are 25% higher than last year.
Still unconfirmed:
- The price drop occurred after President Donald Trump signed a deal with Iran.
- The price drop followed an agreement to reopen the Strait of Hormuz.
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U.S. Gas Prices Drop to $3.99 Per Gallon
confidence 100%The national average for gasoline has fallen below $4 per gallon for the first time since mid-April. This decrease follows an agreement between U.S. and Iranian officials to reopen the Strait of Hormuz. Prices are still 25% higher than they were last year.
What's confirmed:
- The national average gasoline price is $3.99 per gallon.
- Gas prices decreased by 9.3 cents over the last week.
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U.S. Gas Prices Drop Below $4 Per Gallon for First Time Since March
confidence 90%Average U.S. gasoline prices have fallen below $4 per gallon as of mid-June 2026. This decline follows a deal between U.S. and Iranian officials to reopen the Strait of Hormuz. Prices remain 25% higher than the previous year.
What's confirmed:
- Average U.S. gas prices fell below $4 per gallon for the first time since March.
- U.S. and Iranian officials reached an agreement to reopen the Strait of Hormuz.
- Current gas prices are 25% higher than last year.
Still unconfirmed:
- The national average dropped from $4.56 to $4.12 since May 21.