Americans prepare Fourth of July weekend plans as gas prices finally drop

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleGas prices have plummeted for the sixth consecutive week, with the national average for a gallon of gas reaching $3.86, a 53-cent decrease from one month ago. This decline is largely due to a recent U.S.-Iran framework agreement, which has helped ease supply fears and contributed to lower oil prices. Prices are projected to fall further to $3.75 per gallon by July 4, although this will still mark the second-most expensive Independence Day for gas since tracking began. Earlier, gas prices had surged significantly after the Trump administration's attack on Iran, which led to restricted petroleum shipping through the critical Strait of Hormuz. The previous rise in gas prices contributed to a national inflation rate increase, reaching a three-year high of 4.2 percent in May, and negatively impacted the president's approval ratings. In fullGas prices plummet ahead of busy July 4 holiday weekendThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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