US gas prices below $4 for 1st time since March, but remain 25% higher than last year (opens original article in a new tab)

U.S. gas prices dropped below $4 per gallon for the first time since March, but remain 25% higher than last year, with regional variations and ongoing inflation concerns.

• U.S. gas prices fell to $3.999 per gallon, the first time since March but still 25% higher than last year
• Prices remain higher than pre-war levels, with some states like California averaging over $5.64 per gallon
• Crude oil prices dropped to $74 per barrel, but refineries may not immediately reflect cheaper costs due to advance purchases