POSTED: Monday, August 12, 2013 - 4:00pm
UPDATED: Monday, August 12, 2013 - 4:14pm
CNN — There's good news at the pump
The national average for a gallon of gas has dipped to $3.55, which 6 cent decrease in just a week.
Even better news, experts predict prices will keep coming down for the rest of the year.
Prices peaked with a national average of $3.79 in late February, fell in the Spring only to climb back again in June and July amid the unrest in Egypt and U.S. refineries going off-line for maintenance.
But with demand now starting to slow down in August, prices have started to drop again.
Analysts are predicting they'll keep going down as the country prepares to switch over to a cheaper Winter blend of gasoline.
It's predicted that by December, the national average could drop to $3.20 a gallon.
However, the big variable that everyone is worried about at this point is the hurricane season.
So far, there are no storms reported but if one should take aim at the gulf coast, experts say the price at the pump could jump 20 to 40 cents, even before a storm hits.