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AAP
AAP
Business
MICHELLE CHAPMAN (AP Business Writer)

US gas prices fall below $4 for 1st time since March, but still 25% higher than last year

Gas Prices United States Donald Trump Iran Oil Tehran uranium

NEW YORK (AP) — U.S. gas prices fell below $4 a gallon on average Thursday, but just barely.

It is the first time since March that the average cost for a regular gallon has been that low. Prices fell overnight after President Donald Trump signed an agreement with Iran that calls for Tehran to dilute its stockpile of highly enriched uranium and waives U.S.-backed sanctions on the country.

Gas prices are at $3.999 on average in the U.S., according to motor club AAA. The drop below $4 follows a 15% decline in the price of U.S. crude this month.

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