U.S. gasoline prices dip below $4 per gallon for first time in months

Drivers across the United States are seeing lower pump prices. The average gasoline price fell below $4 per gallon. This marks the first sub‑$4 level in several months. The price decline follows a diplomatic deal between the United States and Iran. The agreement calls for the reopening of the Strait of Hormuz. The strait is a key shipping lane for crude oil and refined fuels. Reopening it is expected to ease supply constraints and support lower fuel costs. Analysts will watch whether the price relief persists in coming weeks.