US gas dips below $4 again, yet household budgets remain under pressure

US drivers are finally seeing relief as average gas prices drop below $4 a gallon, a welcome change after months of increases. This dip follows a tentative peace agreement between the US and Iran, reopening oil shipments through the Strait of Hormuz. Despite this, fuel costs remain significantly higher than pre-war levels, impacting household budgets and broader spending.

By TOI BUSINESS DESK