Gas prices continued their post-election tumble, finally averaging below $4 per gallon for the first time since July, though inflation continued to run higher than expected.

Gas prices reached record highs this year amid the war with Iran and the closure of the Strait of Hormuz, but the U.S.’s growing ability to get oil through the strait has given the U.S. a reprieve at the pump, along with signaling of peace overtures from the White House. GasBuddy now puts the national average at $3.98 as of Tuesday, a number expected to continue falling through November. The drop comes despite the Consumer Price Index rising 0.4% in October, above the expected 0.3% increase.

Recommended Stories

Gas prices: National average sits at $4.06 per gallon

Majority of Republicans consider voting for different party in face of rising gas prices: Poll

Federal gas tax: What it is, and whether Trump’s suspension could help