Framing Analysis
The U.S. national average gasoline price dropped below $4 per gallon on Thursday after peaking at $4.56 on May 21, with benchmark crude oil prices also declining. President Trump signed an agreement with Iran following earlier U.S. and Israeli actions, while naval escorts continued in the Strait of Hormuz. Regional prices varied significantly, with California at $5.64 and South Carolina at $3.58.