The price of gasoline in the United States fell to less than four dollars
Washington, June 19 / WAM / The average price of a gallon of gasoline in the United States has fallen to less than four dollars, due to the United States and Iran reaching an initial agreement and the resumption of oil shipments through the Strait of Hormuz, but this cost is still higher than it was before the outbreak of war on the twenty-eighth of last February.
Indicators showed that fuel prices are 25% more expensive than they were at this time last year, according to the Associated Press, which prompted many families to rationalize their budgets and reconsider spending priorities.
Observers expected that product prices would continue to rise throughout the rest of 2026 across the United States due to the lack of inventory and supply problems resulting from the war, explaining that farmers were forced to pay more for fertilizers and other agricultural supplies in the spring, which means that food prices are expected to increase by the fall, in addition to the obstacle represented by limited oil refining capacity in the United States in general.
The recent decline in fuel prices coincided with the decline in crude oil prices, as the price of Brent crude fell to less than eighty dollars per barrel, and the price of West Texas crude fell to less than seventy-six dollars.
Although these prices are much lower than what they reached during the war, when they exceeded one hundred dollars, they are still higher than their counterparts before the war, when the price of Brent was seventy dollars.
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