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Gas Prices Drop Below $4 for First Time in Months

Updated 2026-06-18 14:25 UTC 1 source Positive

U.S. gas prices have fallen below $4 per gallon for the first time in months following a memorandum of understanding between the U.S. and Iran to reopen the Strait of Hormuz.

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The Hill
Gas prices in the U.S. on Thursday dipped below $4 for the first time in months, after the U.S. and Iran signed a memorandum of understanding (MOU) that calls for the reopening of the critical Strait of Hormuz. The national average price of a gallon of regular gas is about $3.99, according to the Am
2026-06-18 13:48 UTC
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