Gas prices drop below $4 a gallon for the first time in months
As of Thursday morning, the average cost of a gallon of gas in the US was $3.99, down from a peak of over $4.50 in May.
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- The price of a gallon of gas has dropped below $4 for the first time since March.
- AAA data released on Thursday shows the average nationwide gas price is now $3.99 per gallon.
- Prices rose sharply at the onset of the US-Iran war, but have dropped in recent weeks.
The average cost of a gallon of gas nationwide has dropped below $4 for the first time since March.
Daily data released by AAA on Thursday showed that across the US, the average gas price is now $3.99 per gallon.
Gas prices rose sharply as the US-Iran war disrupted oil supplies in the Middle East, but with a deal to end the conflict now agreed, oil prices, and therefore gas prices, have tumbled in recent weeks.
This is a developing story.
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