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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.

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What changed

Updated the date of the last benchmark crossing from mid-April to March 30.

Live updates

  1. US Gas Prices Drop Below $4 Per Gallon

    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.
    confidence 90%
  2. U.S. Gas Prices Drop to $3.99 Per Gallon

    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.
    confidence 100%
  3. U.S. Gas Prices Drop Below $4 Per Gallon for First Time Since March

    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.
    confidence 90%