OREANDA-NEWS Gasoline prices in the United States fell below $4 per gallon (3.785 liters) for the first time since March, amid agreements to stop the Iranian conflict. This is reported by Bloomberg with reference to data from the American Automobile Association.

Already in mid-March, two and a half weeks after the outbreak of the escalation in the Middle East, the cost of fuel rose to its highest since the fall of 2023, $3.79 per gallon, and by the end of the month it exceeded $ 4 for the first time since the summer of 2022. At its peak in May, a gallon of gasoline in the United States cost more than $4.5, which means it has already fallen in price by more than 10 percent.

At the same time, oil has dropped by 40 percent from its spring peaks and continues to fall in price.

According to the agency, citing experts, Americans should not expect retail fuel prices to return to February levels before 2027.

Previously, high energy prices associated with "supply-side shocks" were cited by the US Federal Reserve as one of the reasons for maintaining the discount rate at 3.5-3.75 percent.