Gas prices are dropping — but they're still high

Gas prices in the U.S. are declining, with the average regular price at $4.39 per gallon, down 16 cents from the previous week due to a potential U.S.-Iran ceasefire extension. However, prices remain significantly higher than pre-war levels, and future stability is uncertain due to global market volatility, reduced oil exports from the Strait of Hormuz, and summer demand increases.