On June 18, 2026, gas prices in the United States fell below $4 per gallon for the first time in several months. The national average price for a gallon of regular gas is approximately $3.99, as reported by the American Automobile Association. This decrease follows the signing of a memorandum of understanding between the U.S. and Iran, which aims to reopen the Strait of Hormuz, a vital shipping route for oil.
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U.S. Gas Prices Drop Below $4 for the First Time in Months
Gas prices in the U.S. have decreased to below $4 per gallon for the first time in months, with the national average now at approximately $3.99. This change coincides with a memorandum of understanding between the U.S. and Iran regarding the reopening of the Strait of Hormuz.
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Average gas price falls below $4 for first time in months
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U.S. Gas Prices Drop Below $4 for the First Time in Months