Gas prices drop to $3.86 per gallon, the lowest national average price since March

Published June 29, 2026 6:06am ET | Updated June 29, 2026 8:01am ET



The national average price for a gallon of regular gas continued to drop on Monday, even after the tit-for-tat military strikes between Iran and the United States occurred in recent days. Gas prices dropped nearly 7 cents from a week ago to $3.86 per gallon on Monday, according to AAA. It is the lowest price for a gallon of regular gas since March 19, when it was $3.88 per gallon.

Gas prices have steadily decreased since May 21 after a record high for 2026 was set at $4.564 per gallon, the highest national average price for a gallon of regular gas at any point during either term of President Donald Trump. Except for last week, when fuel costs increased by the slightest of margins, going from $3.926 per gallon on Tuesday to Wednesday’s price of $3.928 per gallon, gas prices have dropped for five consecutive weeks.

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