The cost of gas has been well above the $3 mark for over a year, but prices may drop rapidly in the next month or so. According to the Detroit Free Press, the national average may drop as much as 50 cents per gallon from $3.86, the peak average for the month. As of Monday, October 22, the national average price of gas is about $3.66 per gallon, as reported by the AAA Daily Fuel Gauge Report, and some states are already seeing averages in the $3.35 to $3.45 range.

"Most of the country is heading appreciably lower the next few weeks," Tom Kloza of the Oil Price Information Service told the Detroit Free Press. The cost of fuel has remained high due to domestic oil supply shortages, but the news publication indicates supplies are increasing once more, and oil refineries are encountering fewer procedural issues. As a result, the savings are being passed on to the consumer.

"Certainly, lower gas prices are helpful in terms of consumer spending by increasing disposable income," Brian Bethune, chief economist at Alpha Economic Foresights, told the news source.

Experts believe the national average could fall as low as $3.30, and some states may even see prices fall below $3. Not only will prices fall, but there is a good chance they could remain low into 2013. This could be an ideal time for drivers to consider purchasing used vehicles from New Jersey State Auto Auction. Not only does the dealership, which is open to the public, have a wide selection of affordable makes and models, but each one is CARFAX certified. A car that runs well gets the most of every drop of gasoline, which helps drivers save even more at the pump.