Average US gas prices fall below $4 a gallon for the first time in months
London Drivers in the United States can breathe a small sigh of relief — average gas prices have dropped below $4 a gallon for the first time since March.
The national average price for regular gasoline fell to $3.99 a gallon on Thursday, according to AAA. Gas prices hit a record high of $5.02 in June as drivers filled their tanks for the summer travel season. They were also pushed higher by soaring global oil prices as the West turned its back on Russian crude in the wake of Moscow's invasion of Ukraine. But prices at the pump have since tumbled 21% as drivers have pared back spending and fears of a recession threatened to crimp demand.
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