The average cost of gasoline nationwide is hovering near the $3 mark and could soon dip below it, some industry experts say.

The national average stood at around $3.07 per gallon as of Wednesday, down around 10 cents from a month ago and nearly 15 cents from a year ago, according to AAA .

"Americans appear to be on the cusp of seeing the national average drop below $3.00 per gallon and potentially stay there for the first time in years, as prices have fallen across the vast majority of the country," said Patrick De Haan, head of petroleum analysis at Texas-based GasBuddy , which tracks prices at more than 150,000 stations nationwide.

De Haan said that with more than 40 states seeing decreasing gas prices and with oil dipping below $60 a barrel, the downward trend could continue

See Full Page