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Gas dips below $4 a gallon after months of pump pain

The U.S. national average gas price has dropped back below $4 a gallon, per AAA , a sign of Americans' pain at the pump easing after months of war in Iran . The big picture: Iran's squeeze on oil traffic through the Strait of Hormuz battered the global economy. But crude prices in June fell to their lowest levels in over three months on news of an extended ceasefire agreement between the U.S. and Iran. The agreement is designed to restore shipping through the strait, but even with a full reopen…

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AxiosCenter·2h ago
Gas dips below $4 a gallon after months of pump pain
The U.S. national average gas price has dropped back below $4 a gallon, per AAA , a sign of Americans' pain at the pump easing after months of war in Iran . The big picture: Iran's squeeze on oil traffic through the Strait of Hormuz battered the global economy. But crude prices in June fell to their lowest levels in over three months on news of an extended ceasefire agreement between the U.S. and Iran. The agreement is designed to restore shipping through the strait, but even with a full reopen…
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Gas dips below $4 a gallon after months of pump pain

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