US Gas Prices Fall Below $4 Per Gallon Amid Crude Oil Price Drop

The national average gas price in the US has decreased to $4.06 per gallon after dropping three cents last week, according to AAA Gas Prices.

This decline is largely due to lower crude oil prices, which have been trading in the $70 per barrel range amid optimism that the Strait of Hormuz will resume normal operations.

About half of US states are now paying below $4 per gallon on average, a trend that typically occurs this time of year as schools and universities begin their fall semesters and fewer people take road trips compared to earlier in the summer.