Gas prices fall below $4 on average after Trump’s signing of Iran deal to end war

Live updates

1. 12h ago

   US Gas Prices Drop Below $4 Following Iran Deal

   Average gasoline prices in the US have fallen below $4 per gallon for the first time since March. This decline follows a Memorandum of Understanding signed by President Trump to end the war and reopen the Strait of Hormuz. Prices remain significantly higher than they were before the conflict began.

   What's confirmed:

   • Average US gas prices fell below $4 per gallon for the first time since March.
   • The price drop follows an agreement between the US and Iran to reopen the Strait of Hormuz.
   • Current gas prices are about a third higher than they were before the war with Iran.

   Still unconfirmed:

   • Prices may remain elevated for weeks ahead.
   • Full relief from high costs could take years.
   confidence 95%
2. 3d ago

   U.S. Gas Prices Drop Below $4 Following Iran Peace Deal

   The national average for regular gasoline has fallen below $4 per gallon for the first time in several months. This decline follows a deal signed by Donald Trump to end the war and reopen the Strait of Hormuz. Experts suggest low inventory levels may keep prices above $3 until 2027.

   What's confirmed:

   • The national average for a gallon of regular gas in the U.S. dropped to $3.99.
   • Gasoline prices fell below $4 per gallon for the first time since March.
   • Donald Trump signed a deal with Iran to end the war and reopen the Strait of Hormuz.
   • Gas prices decreased by 9.3 cents over the past week.

   Still unconfirmed:

   • Gas prices may not drop below $3 per gallon until 2027 due to low inventory levels.
   • Current gas prices remain one dollar higher per gallon than they were before the U.S.-Israel attack on Iran.
   confidence 90%