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Gas Prices Could Fall to $3.75 a Gallon by July 4 if Strait of Hormuz Reopens.

June 16th,

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American drivers woke up this morning to a national average gas price sitting right at $4 a gallon, a painful reminder of the supply shock that sent prices surging since late February when Iran's closure of the Strait of Hormuz choked off a critical artery of the global oil market. But relief may be just days away — GasBuddy is now predicting that prices could fall to $3.75 per gallon by the Fourth of July if oil shipments resume through the Strait as early as this Friday, a direct consequence of the landmark Iran agreement brokered by the Trump administration that forced Tehran to reopen the waterway as a condition of sanctions relief and the phased release of frozen assets.

A 25-cent drop in the national average may sound modest on paper, but across millions of fill-ups from coast to coast, it translates into hundreds of millions of dollars staying in the pockets of American consumers rather than being drained by an oil crisis manufactured by a hostile regime. If shipping resumes through the Strait of Hormuz on Friday as expected, the Fourth of July could mark not just Independence Day but a genuine turning point — the moment Trump's foreign policy wins started showing up in the most personal way possible, right there on the price sign at your local gas station.