"Last week saw new downward momentum in crude prices- after staying above $100/bbl for 111 days since early July, crude prices fell below $100 and just days ago closed as low as $96/bbl," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan in a news release. "In turn, the sudden drops in crude prices have pushed gasoline futures down as well, with motorists on the winning side of this all. The national average has picked up some steam on it's downward trend and in some areas of the U.S., the wholesale price of gasoline is nearing yearly lows, which is adding up to significant savings for motorists. Americans are spending over $100 million per day less on gasoline than they did a year ago.
DeHaan also urged people to download the GasBuddy app, which shows where the lowest gas prices are no matter where in the U.S. you travel. A look at prices GasBuddy has posted in the Springfield area, for instance, shows many stations selling regular unleaded for just over $3/gallon and some Rockford area gas stations in the $3.17 range. The app is free.