US gas prices drop below $4 for first time since July

The average price of gasoline in the US has fallen to $3.98 per gallon, dropping below $4 for the first time since July.

Operativ Media reports, citing data from the American Automobile Association (AAA).

Prices fell by 4.1 percent over the past week and 8.9 percent over the last month. The decline was driven by lower crude oil prices and a seasonal decrease in demand.