Map Shows Gas Prices in Each State As Average Falls Below $4
Summary
The average price of regular gasoline in the U.S. has fallen below $4 per gallon for the first time since late March. This change comes as oil prices eased following a U.S.-Iran agreement to reopen the Strait of Hormuz, an important oil shipping route.Key Facts
- On June 18, the U.S. national average gas price fell to $3.999 per gallon, according to the American Automobile Association (AAA).
- Gas prices dropped from a high of $4.56 per gallon on May 21 during the Iran conflict.
- Prices have decreased for three weeks in a row.
- Indiana has the cheapest gas at about $3.40 per gallon.
- California has the highest gas price at about $5.64 per gallon.
- Twenty-eight states now have average prices below $4 per gallon.
- The drop follows a U.S.-Iran deal to reopen the Strait of Hormuz, which handles about 20% of global oil supply.
- While prices have fallen, they remain sensitive to possible future supply disruptions.
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