If it seems to you that gasoline prices fall every day, you are correct. Through Monday, the average pump price for a gallon of regular gasoline had fallen for 89 straight days. This is the longest such streak since AAA began keeping records.

The even better news for consumers is that the declines are speeding up. The current national average price of $2.394 is down more than 15 cents a gallon from $2.545 just one week ago. A month ago the price was 43 cents a gallon higher, and a year ago the price was 85 cents a gallon more. The month-over-month drop is the largest since 2008 and the year-over-year drop is the largest since 2009.

Drivers in Hawaii and Alaska are still paying more than $3 a gallon ($3.59 and $3.22, respectively), and motorists in the northeastern United States are paying the most in the lower 48 states. New York’s state average is $2.88.

Drivers in 30 states are paying less than $2.50 a gallon on average, and we noted earlier Monday that drivers in five cities are already paying less than $2 a gallon.

AAA also noted that, barring any unexpected disruptions to production or some other event that would cause a sudden sharp spike, U.S. consumers can anticipate a further drop of 10 to 15 cents a gallon by New Year’s Day. Auld Lang Syne indeed.

ALSO READ: Gas Prices at 5-Year Low

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