Gas prices fall below $4 per gallon as oil supply fears ease after Iran deal

Drivers in the U.S. paid $3.99 on average, the first time prices have fallen below $4 since March 30, according to data shared by AAA. Prices have fallen the past 28 days in a row after peaking at $4.56 on May 21. It is the longest consecutive price decline since November 2023. Gasoline prices fell below $4 per gallon Thursday, as oil exports through the Strait of Hormuz are expected to increase after President Donald Trump signed a deal to end the war with Iran. Drivers in the U.S. paid $3.99 on average, the first time prices have fallen below $4 since March 30, according to data shared by AAA. Prices have fallen the past 28 days in a row after peaking at $4.56 on May 21. It is the longest consecutive price decline since November 2023. Trump signaled for weeks that a deal with Iran was coming, which has helped keep oil prices for surging higher. The U.S. Navy has also been assisting...