The price of a gallon of regular gas in New Orleans has dropped more than 50 cents over the past month.
AAA says they current average is $3.53 in the New Orleans area.
A month ago it was $4.03.
It follows a drop in oil prices with traders hopeful amid peace talks between the US and Iran.
The price at the pump, however, remains about 68 cents higher than a year ago.
"The national average for a gallon of regular gasoline is down to $3.99. This marks nearly 4 straight weeks of declines. Crude oil prices are down as the U.S. and Iran reach a deal to reopen the Strait of Hormuz," AAA posted.
It is the first time the national average was below $4.00 since March.
"Sliding gas prices come as millions of Americans prepare to travel for Independence Day in record numbers starting next weekend."
