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Will gas prices keep falling? It's likely, but Mother Nature could interrupt that

6 0
18.06.2026

Will gas prices keep falling? It’s likely, but Mother Nature could interrupt that

(NEXSTAR) – For the first time since March, the national average for a gallon of regular gasoline in the U.S. has fallen below $4. It comes after the U.S. and Iran signed an agreement to open the Strait of Hormuz.

Barring any changes to that agreement — and one other major factor, according to an expert — gas prices are only expected to fall further in the coming weeks.

As of Thursday, AAA reports that the average price for a gallon of regular gasoline is below $4 in 28 states, with two — New Mexico and New Jersey — within three cents of that valuable benchmark. After surpassing $6 a gallon at one point, prices have even come down in California, hitting $5.642 per gallon on Thursday.

If conditions hold, prices are expected to continue falling across the U.S., though it could take weeks or months for oil to start flowing through the Strait again, according to the Associated Press.

By then, it’s possible something else will have thrown a........

© The Hill