US gasoline slips below US$4 a gallon for first time since April (opens original article in a new tab)

US gasoline prices dropped below $4 per gallon for the first time since mid-April, driven by optimism over a potential US-Iran deal and the expected reopening of the Strait of Hormuz, though experts warn the relief may be temporary.

• US gasoline prices fell below $4 per gallon for the first time since mid-April
• Optimism about a US-Iran deal and Strait of Hormuz reopening influenced the price drop
• Experts caution that sustained price relief depends on continued progress in the region