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US gas prices drop below $4 average for first time since April

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U.S. average gas prices dropped below $4 per gallon for the first time since mid-April.

Crude oil prices fell by more than $4 per barrel on Monday after President Donald Trump announced a memorandum of understanding to end a near four-month war with Iran.

The $4 gas price is seen as a psychological barrier before consumers will begin changing their behavior, according to Reuters.

Read more from Reuters.

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