The U.S. national average price of regular gasoline fell below $4 a gallon for the first time since March 30, slipping to $3.999, AAA reported June 18. The decline — a fourth consecutive week of falling prices — came as crude oil retreated on a deal between the United States and Iran to reopen the Strait of Hormuz.
The pullback eases the operating-cost pressure that built through the spring run-up and removes a headwind to consumer driving as the summer travel season peaks, with potential implications for miles driven and crash frequency.
The drop below $4 caps a sharp reversal
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