THENATIONALPULSE (Pulse Wires) - Gas Prices Drop Below $4 for First Time in Months as Iran Deal Nears.
Retail gas prices in the United States have dropped below $4 a gallon, the lowest since April.
Following a preliminary agreement between the United States and Iran, U.S. retail gas prices fell below $4 per gallon for the first time in several months. PULSE POINTS WHAT HAPPENED: Retail gas prices in the United States have dropped below $4 per gallon, the lowest since April. DETAIL: On Sunday, according to GasBuddy , the national average fell to $3.997 per gallon. Prices dropped below $4 following a preliminary agreement between the United States and Iran. The agreement is the first major step towards ending the conflict between the two countries, which started in late February following U.S. and Israeli strikes on the Islamic Republic. Specifically, the agreement aims to reopen the Strait of Hormuz, a vital passage and chokepoint…Open