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Gas prices dip below $4 a gallon on average for first time in months after Iran deal progress

Name: Gas prices dip below $4 a gallon on average for first time in months after Iran deal progress
Uploaded: 2026-06-18T09:31:00-0400
Duration: 5 min 11 s
Description: Gas prices have dropped in reaction to President Trump signing a memorandum of understanding with Iran -- but they're still a dollar higher than they were before the war, according to AAA data. CBS News business analyst Jill Schlesinger explains how markets are reacting to global relations.

Gas prices have dropped in reaction to President Trump signing a memorandum of understanding with Iran -- but they're still a dollar higher than they were before the war, according to AAA data. CBS News business analyst Jill Schlesinger explains how markets are reacting to global relations.