Good news for the tens of millions of Americans who'll be hitting the road to visit family and friends over the holidays: gas prices are the lowest they've been this year.
AAA reports the average price for a gallon of regular unleaded is $3.24. That's a single-day low for 2012. One state, Missouri, has an average price less than $3, and several other states are close. GasBuddy reports the average price in 25 big cities is under $3 a gallon.
And the chief analyst at the Oil Price Information Service, which provides data to AAA, told CNNMoney he thinks prices will keep dropping, based on what's going on in the wholesale market.
This might have been hard to imagine in the spring, when the national average was pushing $4 and some analysts were predicting $5 gas was just around the corner. Here's a little perspective on where we are with gas prices today.
So, while falling prices may be a nice stocking stuffer for drivers, $3.24 a gallon isn't cheap by any means. There's still a long way to go before we see real relief at the pump.
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