Gas Prices To Fall Under $3 Per Gallon Soon

This is definitely good news.

Via ABC News:

If you plan to hit the road for a long drive to see relatives over Thanksgiving, expect a little budgeting help from falling gas prices. In some parts of the US, prices have dropped as much as 50 cents a gallon in recent weeks, and the trend isn’t over. “Definitely gas prices are already falling and they’re going to continue to fall through the end of the year,” analyst Ben Brockwell with the Oil Price Information Service tells ABC News Radio. “The US average which was $3.80 just a few weeks ago is on track to go to below $3.50 here shortly.”

The Midwest and Plains states may see the most price relief, to perhaps under $3 a gallon, he added. The trend is getting some help from the drop in the global price of oil and concerns about global economic weakness. Light sweet crude has fallen to $86 a barrel, a 15 percent drop in recent weeks. In some states on both coasts, however, a refinery shortage keeps gas prices well above the national average.

Can you even remember when gas was under $3 per gallon???