Gas Prices Fall to $3.14 Ahead of July 4 as Middle East Risks Recede ...Middle East

U.S. gas prices have dropped to their lowest Independence Day level in four years, with the national average now at $3.14 per gallon, according to GasBuddy. The dip is driven by a retreat in Middle East tensions and consistent supply from both U.S. shale producers and OPEC+ exporters. Brent crude futures have fallen steadily over the past two weeks, dropping from over $75 per barrel to just under $68 as of Monday. The de-escalation between Israel and Iran has eased fears of shipping disruptions through the Strait of Hormuz, through which about…

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