U.S. gas prices just fell below $4 for 1st time since March. They're still 25% higher than last year
Summary
U.S. gas prices have dropped to just under $4 per gallon for the first time since March. This change happened after President Donald Trump signed an agreement with Iran about uranium and sanctions, and after a recent fall in crude oil prices.Key Facts
- The average U.S. price for regular gas is now $3.999 per gallon.
- This is the first time since March that gas prices have been below $4 per gallon.
- Gas prices are still about 25% higher than they were last year.
- President Donald Trump signed an agreement with Iran to reduce its enriched uranium stockpile.
- The agreement also waives some U.S.-backed sanctions on Iran.
- U.S. crude oil prices have dropped by 15% this month, helping gas prices fall.
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