Average cost of gas drops below $4 per gallon for first time since July

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The average U.S. gasoline price fell below $4 per gallon for the first time since July, reaching $3.98, according to AAA. Prices had risen in the months after the start of the Iran war, and the latest drop marks the first sub-$4 reading in 114 days.

The national average for the cost of gas dropped below $4 per gallon on Tuesday for the first time since July, as prices soared in the months following the start of the Iran war. According to AAA, the average price of gas hit $3.98, the first time in 114 days that the fuel was below…