Gas prices keep falling despite Mideast conflict, with bigger drop expected

Prices at the pump remain on track to keep falling in the U.S. despite the Israel-Hamas conflict. Seasonal trends should continue.

A gallon of regular gas cost $3.66 on average in the U.S. as of Wednesday, down from $3.83 a month ago. Prices are falling as summer travel ends.

If the conflict expands to Iran, that could change the outlook and raise gas prices. But analysts see a "very very low risk."

Most U.S. households will spend less on natural gas this winter due to warmer weather expected. Bills projected to shrink 21% on average.

Even if Iran chokes off Persian Gulf oil exports, the U.S. can rely on record domestic production. America is now the top global oil producer.