• TRM (USD/COP)COP 3,297.07 +0.83% +COP 27.19Colombia's official exchange rate (Financial Superintendence), valid Nov 11 to Nov 12
  • EuroCOP 3,668.67 +0.05% +COP 1.82Reference: TRM crossed with the European Central Bank rate of Nov 11; not the market quote
  • Mexican pesoCOP 176.70 +0.26% +COP 0.46Reference: TRM crossed with the European Central Bank rate of Nov 11; not the market quote

US gasoline falls below $4 a gallon for the first time in months

FinanceInternationalNPRAI summary
Image: NPR

The average price of a gallon of regular gasoline in the United States fell below $4 this week, to $3.94, according to AAA. The roughly 40-cent drop over the past month is explained by the seasonal switch to winter blend, with lower demand, and above all by the decline in Brent crude, near $90 a barrel, amid diplomatic efforts between the US and Iran. Analysts warn that an escalation of the conflict could reverse the trend.

In 40 seconds

  • AAA reports a national average of $3.94 per gallon of regular gasoline, after crossing the $4 threshold on Tuesday
  • Prices fell about 40 cents over the past month, much of it in the past two weeks
  • The switch to winter blend and lower autumn demand explain part of the relief at the pump
Read the full story at NPR

IASummary generated by artificial intelligence from a story by NPR. It may contain errors: the original source prevails.

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