China News Agency, Washington, August 11 (Reporter Sha Hanting) According to data from the American Automobile Association (AAA) on the 11th local time, the average price of gasoline in the United States fell to $3.99 per gallon that day.
This is the first time since March that U.S. gasoline prices have fallen below $4 a gallon.
U.S. gasoline prices have fallen 15 cents in the past week and 68 cents in the past month, according to AAA data.
While U.S. gasoline prices fell back to $3.99 a gallon, that figure was still higher than $3.20 a gallon a year ago.
The average U.S. gasoline price hit a record $5.02 a gallon on June 14, before it began to fall.
Crude oil prices have risen sharply this year amid the conflict in Russia and Ukraine.
The price of U.S. West Texas Intermediate (WTI) crude, which had risen as high as $120 a barrel in June, has fallen back to $92 a barrel.
Brian Deese, director of the White House National Economic Council, said on the same day that the drop in oil prices below $4 was an "important progress" for the American people, and that oil prices will fall further.
Diess also said that the White House has been closely monitoring oil prices and energy supplies.
Gasoline sales fell last week despite falling oil prices, suggesting Americans are changing their driving habits in response to high gas prices, AAA data also said.
For the drop in oil prices, analysts believe that the US government's release of the Strategic Petroleum Reserve (SPR) played an important role.
In March, the White House announced that it would release an average of 1 million barrels a day from the Strategic Petroleum Reserve on the market for the next six months in response to rising crude and gasoline prices.