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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,

Average gas price falls below $4 for first time in months
The Hill โ€” 18 June 2026
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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 Americanโ€ฆ

This report comes from The Hill. The story centres on Average gas price falls below $4 for first time in months. Full coverage and background context is available at the original source. Readers seeking more detail on this developing topic are encouraged to follow updates from The Hill and related outlets covering this beat.

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