arts
Gas prices fall below $4 a gallon for the first time in nearly 3 months
By Mary Cunningham at CBS4 Miami
· June 18, 2026
· 2 min read
Gasoline prices in the U.S. fell below $4 a gallon on Thursday for the first time in nearly three months, after surging as global oil prices shot up amid the war in Iran. The national average for a gallon of gas dropped to $3.99, the lowest level since March 30, according to AAA. Gas prices are stil
Key takeaway fell below $4 a gallon on Thursday for the first time in nearly three months, after surging as global oil prices shot up amid the war in Iran.
Why this matters in The Miami
For Miami residents, the drop in gas prices to below $4 a gallon brings some relief, especially in neighborhoods like Little Havana and Wynwood where commuters rely heavily on their vehicles. As a major hub for Latin American and Caribbean communities, Miami's economy is closely tied to the cost of fuel, which affects not only daily commutes but also the transportation of goods and services. The reopening of the Strait of Hormuz and the potential for Iran to sell oil on markets again could have a positive impact on Miami's economy, particularly in the tourism and trade sectors. As the city continues to face challenges related to sea-level rise and flooding, lower gas prices could also help mitigate the economic burden on residents and businesses, allowing them to allocate more resources to addressing these pressing issues.
About this story
Original reporting by CBS4 Miami . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit CBS4 Miami . Have a tip or correction? Contact our newsroom .
Category: arts ·
Published: June 18, 2026 ·
Source: CBS4 Miami ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? Gasoline prices in the U.S. fell below $4 a gallon on Thursday for the first time in nearly three months, after surging as global oil prices shot up amid the war in Iran. The national average for a gallon of gas dropped to $3.99, the lowest level since March 30, according to AAA. Gas prices are stil
When was this published? This article was first published on June 18, 2026 by CBS4 Miami and curated for The Miami readers.
Who reported this story? This story was reported by Mary Cunningham at CBS4 Miami. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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