The nationwide average gas price dropped below $4 a gallon this month for the first time since March.
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Americans felt better about the economy in June as gas pump prices eased.
Why it matters: Few economic indicators shape Americans' outlook more than the cost of filling up their tanks.
What's new: The University of Michigan consumer sentiment index rose nearly 5 points in June, with expectations improving far more than views of current conditions — a sign that Americans are feeling less anxious about what's ahead.
Pump prices will likely remain higher than pre-war levels for some time.
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