U.S. gasoline prices have fallen about 17% since mid-May, with the national average now around $3.80 a gallon, saving drivers roughly $11 on a 15-gallon fill-up compared to the May 16 peak of $4.56. The decline comes amid hopes for a U.S.-Iran cease-fire, as President Trump seeks to avoid what he called an economic catastrophe, though talks remain uncertain and Israel remains opposed. Light sweet crude oil is still up 23% year-to-date at about $71 per barrel, down from its March 9 peak of $119.48, while Brent crude is up about 20% from December's close. The war has threatened oil flows through the Strait of Hormuz, which previously handled 20% of global daily oil shipments, and further price relief could come if gas falls to $3.50 as some expect.