Gas Prices Fall Below $4

It's Benzinga, bringing Wall Street to Main Street. The national average price for regular gasoline fell below $4 per gallon Tuesday for the first time since July 20th, according to NBC News. AAA data shows that the average dropped from $4.14 on Election Day to $3.97 as oil prices plunged amid expectations of reduced tensions with Iran following the midterm elections. Diesel prices also declined from $6.28 to $6.15 per gallon. Oil futures fell 13% last week and another 5% Monday, while Brent crude briefly dropped below $90 per barrel Tuesday. However, gasoline remains more than 30% higher since the Iran war began on February 28, while diesel is up more than 70% this year. Oil markets face pressure to replenish hundreds of millions of barrels of depleted reserves, with the U.S. Strategic Petroleum Reserve at its lowest level since 1982. For all things money, visit Benzinga.com.