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Average gas price falls below $4 for first time in months

The Hill
June 18, 2026 at 1:48 PM
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Average gas price falls below $4 for first time in months

Gas prices in the U.S. on Thursday dipped below $4 for the first time in months, after the U.S. and Iran signed a memorandum of understanding (MOU) that calls for the reopening of the critical Strait of Hormuz. The national average price of a gallon of regular gas is about $3.99, according to the American…

Gas prices in the U.S. on Thursday dipped below $4 for the first time in months, after the U.S. and Iran signed a memorandum of understanding (MOU) that calls for the reopening of the critical Strait of Hormuz. The national average price of a gallon of regular gas is about $3.99, according to the American…