00:00Gas prices across the U.S. are below $4 a gallon for the first time in months.
00:04Not that much below, but still good news. The national average price for regular gasoline
00:09dropped to $3.99 on Thursday, according to AAA, about three cents lower than Wednesday.
00:16This marks the first time the U.S. national average gas price has fallen below four bucks
00:20since March 30th. Iran's closure of the Strait of Hormuz in late February cut off roughly 20%
00:25of the world's oil supply, sending crude oil and gasoline prices sharply higher.
00:30The national average peaked at $4.56 a gallon on May 21st before beginning a pretty steady
00:35decline as expectations grew that negotiations would lead to the waterway reopening.
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