KANSAS CITY, Mo. -- Drivers across the nation are getting a pleasant surprise for the holidays, as gas prices have fallen almost four percent in the last two weeks - and analysts say that they could fall another 30 cents by Thanksgiving.
According to a report from CNNMoney, a gallon of regular gasoline now costs an average of $3.67 - down 3.8 percent over the past 11 days.
Patrick DeHaan, senior petroleum analyst at Gasbuddy.com forecasts prices falling to $3.35 a gallon by Thanksgiving, and possibly as low as $3.25 a gallon by Christmas. Other analysts predict a less-steep drop to just below $3.50 a gallon by Thanksgiving.
Analysts say that in some areas of the country, gas prices have dropped as much as 30 cents a gallon. The reason for the decline is partly seasonal, as Americans tend to drive less in the Winter months than in summer, and refineries are now making the cheaper winter blend of gasoline.