After a spring of rising gas prices due to the military conflict with Iran, fuel costs dropped to their lowest levels since the end of March.

"Average gasoline prices fell in 47 states over the last week, with the national average dropping..."

US gas prices fell below $4 per gallon as the Strait of Hormuz reopened under a US-Iran peace deal. Brent crude dropped 11%, and Bitcoin rallied on the

Americans have collectively spent about $46 billion more on gasoline since the start of the war