Trending Now - Gas Prices May Soon Dip Below $3 as Peak Inflation Passes

WHO:

CBS News Politics - President Trump accused Iran of blackmailing the U.S.

WHAT:

CNN - The average cost of a gallon of regular gasoline was $4.05 on Sunday, April 16th, 2026, down from a recent peak of $4.17.

CNN - Fuel prices in Tampa, Florida, ranged from $3.75 to $4.39 a gallon on Thursday, April 13th, 2026.

CNN - Gas sales at Costco increased in the mid to upper 20% range between March 2nd and April 5th, 2026, compared to the same period in 2025.

CNN - The average number of gallons pumped daily at Costco jumped a little over 10% during the same period.

NY Post - Nationally, gas prices are averaging $4.04 according to the American Automobile Association.

CBS News Politics - Gas prices fell, averaging just over $4 a gallon nationwide.

WHERE:

NY Post - The data is based on national averages in the United States.

WHEN:

CBS News Politics - President Trump made his accusation on Saturday, April 16th, 2026.

WHY:

NY Post - The Energy Secretary stated that price hikes due to the Iran War have already ‘peaked’.

HOW:

CNN - GasBuddy allows drivers to compare prices in certain areas to find the cheapest gas stations.

CNN - Walmart+ members can receive 10 cents off per gallon at more than 13,000 stations, including Exxon, Mobil, Walmart, and Murphy.

NY Post - The Energy Secretary revealed expectations for gas prices to drop below $3 a gallon.

(UPDATED April 19, 2026 17:07 UTC)

The average cost of a gallon of regular gasoline dropped to $4.05 on Sunday, down from a recent peak of $4.17. In Tampa, Florida, fuel prices ranged from $3.75 to $4.39 a gallon on Thursday, and gas sales at Costco saw a significant increase of over 20% compared to the same period last year. Drivers can use GasBuddy to find the cheapest gas stations, and Walmart+ members can enjoy a discount of 10 cents off per gallon at over 13,000 participating locations.

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(UPDATED April 19, 2026 15:08 UTC)

President Trump accused Iran of blackmailing the U.S. on Thursday. As gas prices fell to an average of just over $4 a gallon nationwide, the Energy Secretary noted that the price hikes related to the Iran War have already peaked and expressed expectations for prices to drop below $3 a gallon. Currently, gas prices across the United States are averaging $4.04, according to the American Automobile Association.