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Gas prices edge toward $4 a gallon as 'real test' shifts to Hormuz reopening
Key takeaways
- The national average at the pump dropped to $4.04 per gallon, according to AAA data.
- At least 24 states have already seen average prices fall below $4 per gallon, including much of the Midwest and Great Lakes region, as well as the South.
- The decline is a welcome relief for drivers who just last month saw gasoline prices hover roughly 40% higher than a year ago.
Gas prices edge toward $4 a gallon as 'real test' shifts to Hormuz reopening Ines Ferré · Senior Business Reporter Tue, June 16, 2026 at 10:13 PM GMT+7 2 min read Gasoline prices dropped toward the $4 per gallon threshold on Tuesday as oil futures briefly fell below $80 for the first time since March.
The national average at the pump dropped to $4.04 per gallon, according to AAA data. Prices dropped $0.13 from a week ago and $0.47 from one month ago.
At least 24 states have already seen average prices fall below $4 per gallon, including much of the Midwest and Great Lakes region, as well as the South.
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