Gas prices dropped to $3.86 per gallon on Monday — the lowest national average since March 19 — even as tit-for-tat military strikes between Iran and the United States rattled global markets in recent days.
The price fell nearly seven cents from a week ago, according to AAA. It marks the latest in a five-week slide that’s delivered real relief at the pump for American drivers.
$3.86 per gallon — the lowest price since March, when gas cost $3.88
Prices have steadily dropped since May 21, when the national average hit a record high for 2026 at $4.564 per gallon — the highest level at any point during either of President Donald Trump’s terms.
Except for a brief two-cent uptick last week, fuel costs have fallen for five consecutive weeks. Monday’s price was essentially flat compared to Sunday.
A month ago, regular gas averaged $4.391 per gallon nationwide. That means drivers are now saving 53 cents per gallon compared to 30 days ago.
The pace of the decline has slowed in recent days — Monday’s drop was just seven cents over the past week, compared to steeper drops earlier in June. But the overall trend continues to move in drivers’ favor as summer travel season kicks into high gear.
Seven days ago, gas was $3.929 per gallon. The steady downward march comes despite ongoing geopolitical tensions in the Strait of Hormuz and continued uncertainty in global oil markets.
