June 23, 2026
Diplomacy between the US and Iran has translated into relief at the pump for Americans, data showed on Monday, with gasoline prices falling for a sixth straight week and marking a 15 percent drop from their May peak.
The national average price of gasoline fell 14.1 cents a gallon over the last week to $3.85 per gallon on Monday, according to price-tracking service GasBuddy.
Prices declined in most states. Gasoline dropped 25 cents per gallon in Colorado over the past week, 22 cents in Arizona and 21 cents in Ohio, GasBuddy data showed.
The drop may ease pressure on US President Donald Trump and fellow Republicans. They are battling to hold narrow majorities in Congress in November’s midterm elections and have been hit with consumer criticism over high prices.
