The average price of gasoline in the United States fell to just under $4 per gallon on June 18, 2026, for the first time since March. This decrease followed the announcement of a preliminary agreement between the US and Iran aimed at ending the war and reopening the Strait of Hormuz. Despite this decline, prices remain approximately $1 higher per gallon compared to levels before the onset of the US-Israel conflict with Iran.
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Average US gasoline prices drop below $4 following US-Iran agreement
On June 18, 2026, the average price of gasoline in the US dropped below $4 per gallon, marking the first such decline since March. This change follows a preliminary agreement between the US and Iran to end hostilities, although prices are still significantly higher than before the conflict began.
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wirepublicmainstream
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Original Headline
Gas prices fall below $4 on average after Trump’s signing of Iran deal to end war
Neutral Headline
Average US gasoline prices drop below $4 following US-Iran agreement