A spike in oil prices over recent days amid a resumption of fighting, however, threatens to push gas prices higher, erasing some of the relief delivered last month.
Americans are facing price increases on everything from gas to groceries, prompting people to search for new ways to save.
President Donald Trump said Americans' financial situation was "not even a little bit" of a motivating factor for him reaching a deal to end the war in Iran.
The jump in prices last month owed in large part to a sharp rise in costs for products impacted by a global oil shock.
Nearly three-quarters say the economy is getting worse.
The Middle East conflict triggered one of the largest oil shocks in decades, and was reflected in Friday's inflation report.