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Average U.S. Gasoline Price Falls Below $4 for First Time in Months

The national average for regular gasoline fell below $4 for the first time since March. Prices decreased an average of 49 cents a gallon over the last month. President Trump has blamed oil companies for the slow pace of these declines.

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What changed

New data shows a 49 cent average monthly drop in U.S. gas prices and specific declines in Fresno.

Live updates

  1. U.S. Gas Prices Drop as Iran Ceasefire Stabilizes Markets

    The national average for regular gasoline fell below $4 for the first time since March. Prices decreased an average of 49 cents a gallon over the last month. President Trump has blamed oil companies for the slow pace of these declines.

    What's confirmed:

    • U.S. gasoline prices decreased an average of 49 cents a gallon in the last month.
    • President Trump is frustrated that gasoline prices are not mirroring the decline in oil prices.

    Still unconfirmed:

    • Average gas prices in Fresno dropped more than 20 cents over the past week.
    • Petrol prices in New Zealand dipped under $3 for the first time in more than three months.
    • A ceasefire between the US and Iran is holding.
    confidence 90%

  2. U.S. Average Gasoline Price Drops Below $4 per Gallon

    The national average for regular gasoline fell below $4 on Thursday for the first time since March. Prices have decreased in 47 states as oil markets react to geopolitical shifts. Costs remain higher than the previous year.

    What's confirmed:

    • The national average for regular gasoline fell below $4 a gallon on Thursday.
    • AAA reported the national average hit $3.999 on Thursday.
    • Prices have fallen for nearly four consecutive weeks.

    Still unconfirmed:

    • The national average gas price is $3.93 according to AAA.
    • The national average price of gasoline stands at $3.85 per gallon according to GasBuddy.
    • Gas prices in New York State average $4.23.
    • Gas prices in Orleans average $4.40.
    • U.S. gasoline prices decreased an average of 49 cents a gallon in the last month.
    confidence 90%

  3. U.S. National Average Gasoline Price Drops to $3.999

    The national average for regular gasoline fell below $4 per gallon on Thursday for the first time since March 30. This decline follows a preliminary agreement between the United States and Iran to end hostilities and reopen the Strait of Hormuz. Prices have dropped for nearly four consecutive weeks.

    What's confirmed:

    • The national average for regular gasoline fell below $4 a gallon on Thursday.
    • This is the first time prices have dipped below $4 since March.
    • The United States and Iran signed an agreement to reopen the Strait of Hormuz.
    • The national average price is currently $3.999.

    Still unconfirmed:

    • President Donald Trump signed an agreement requiring Tehran to dilute its stockpile of highly enriched uranium.
    • Millions of Americans will travel for Independence Day in record numbers starting next weekend.
    confidence 95%

  4. U.S. Gas Prices Drop Below $4 Following U.S.-Iran Agreement

    The national average for regular gasoline has fallen below $4 per gallon. This price drop follows an agreement between the United States and Iran to reopen the Strait of Hormuz. Experts suggest these savings may not reach grocery costs immediately.

    What's confirmed:

    • The average price of gasoline in the United States fell below $4 per gallon.
    • A deal between the United States and Iran to reopen the Strait of Hormuz contributed to lower energy costs.

    Still unconfirmed:

    • Gasoline prices had not been this low since April.
    • Grocery costs will take a while to decrease.
    confidence 80%

  5. U.S. Gas Prices Drop Below $4 Following Iran Agreement

    The national average for regular gasoline fell below $4 per gallon on Thursday. This is the first time prices have reached this level since March. Some regions still report prices near $7.

    What's confirmed:

    • The national average for gasoline fell below $4 per gallon on Thursday.
    • This is the first time average prices have dropped below $4 since March.

    Still unconfirmed:

    • Gas prices fell 9.3 cents over the past week according to GasBuddy.com.
    • Experts warn prices may stay elevated for several weeks.
    • Prices in some parts of the U.S. remain near $7.
    confidence 90%

  6. U.S. Average Gasoline Prices Drop Below $4 Per Gallon

    The national average price for a gallon of regular gasoline has fallen to $3.99. This marks the first time prices have dipped below the $4 threshold since March 30. The decline follows a peak of over $4.50 in May.

    What's confirmed:

    • The average cost of a gallon of gas in the U.S. is $3.99.
    • U.S. gas prices dropped below $4 per gallon for the first time since March 30.
    • Gasoline prices peaked at over $4.50 in May.

    Still unconfirmed:

    • A tentative deal between the U.S. and Iran to reopen the Strait of Hormuz contributed to easing oil supply fears and lower fuel costs.
    • Current gas prices remain 25% higher than last year.
    confidence 95%