U.S. gas prices fell below $4 a gallon on average Thursday, marking the first time since March, but remain 25% higher than they were at the same time last year.
According to reports from both PBS Newshour and the Washington Times, the national average price for a gallon of gas dropped overnight. The Washington Times noted the drop occurred “just barely.”
PBS Newshour reported that the price decrease followed an agreement signed by President Trump with Iran. This agreement calls for Tehran to dilute its stockpile of highly enriched uranium and includes waivers of U.S.-backed sanctions on the country.
Both sources reported that despite the recent decline, gas prices are still significantly higher than they were last year. PBS Newshour and the Washington Times both stated that prices are 25% higher than they were during the same period in the previous year.
No right-leaning sources reported on this story beyond the Washington Times' reporting of the price drop. No further details or analysis were provided by either source regarding the potential causes of the price increase over the past year or the expected duration of the current price decrease.
As of Thursday, the national average gas price was below $4 a gallon, though the exact figure was not specified in either source.
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