US Gasoline Prices Fall Below $4 a Gallon as Iran Strain Eases

US gasoline prices have fallen below $4 a gallon for the first time since March, offering relief to consumers following a period of historic global supply disruptions. This decline may boost consumer spending and mitigate inflation, potentially impacting Fed policy. However, these lower costs remain dependent on the fragile state of US-Iran diplomacy, as easing tensions between the two nations have contributed to the current downward trend in fuel pricing across the United States.