Gas about to drop below $4 for the first time since July

(CNN, KYMA) - Here’s a sight for voters’ sore eyes, nearly $4 gas.

The average price of gas is poised to fall below that threshold for the first time since July, driven lower by seasonal factors that are reducing demand.

The national average price for a gallon of gasoline early Monday was about $4.01, according to data from AAA. That’s down roughly 14 cents since Election Day, when it stood at $4.15 a gallon, and down 36 cents, or a little more than 8%, from a month ago when the price stood around $4.37.

There are 26 states with an average price already below $4, with North Carolina having the lowest average at $3.26.

Few issues were more important to voters this year than the cost of living, and high gas prices were a critical and visible component of those concerns. CNN polling conducted from October through Election Day showed 87% of voters were at least somewhat concerned with high gas prices, with six in 10 saying they were very concerned.

But experts warn that Americans should not expect gasoline to approach the pre-Iran war level of $2.98 a gallon anytime soon, let alone the sub $2-a-gallon gas that President Donald Trump promised on the 2024 campaign trail.