Gas prices in the US have fallen below $4 per gallon for the first time in weeks, reaching a national average of $3.99 per gallon on Thursday.
The drop is coming just as the busy summer driving season begins, giving Americans some much-needed relief when many families are preparing for vacations and road trips.
Energy analysts believe gas prices could continue to move lower in the coming weeks because tensions in the Middle East have eased.
Patrick De Haan, GasBuddy’s head of petroleum analysis, said fuel prices could ease in the coming weeks following the signing of an agreement with Iran and the gradual resumption of shipping traffic through the Strait of Hormuz.
He said the national average price of gasoline may move closer to $3.70 a gallon, while diesel prices are likely to drop below $5 a gallon in the near future.
Falling oil prices, easing tensions with Iran, and the expected reopening of the Strait of Hormuz are the main reasons Americans are finally seeing some relief at gas stations.
