The decline brings some relief to consumers, but experts are worried that tight oil supplies could keep prices higher for longer.

"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