Gas Prices May be Decreasing

December 10, 2012 Updated Dec 10, 2012 at 8:35 AM EDT

By WKBW News

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December 10, 2012 Updated Dec 10, 2012 at 8:35 AM EDT

Buffalo N.Y. (WKBW) - This is all about supply and demand.

The price of gas has dropped about 14 cents from the average a month ago and experts predict those prices will remain lower throughout the holiday season. The bad news is that Western New York is still somewhat higher than the national average.

For most of the country, as drivers pull up to the pump and check out the gas prices they are noticing a welcoming trend.

"They're lowering, it's amazing," gas customer said.

Just how great has it been?

A month ago the national average for a gallon of gas was nearly $3.50. Last week, it dropped to $3.40 and now it's down again, nearly 14 cents from the average a month ago.

"AAA prediction is that by Christmas we should have prices between $3.20 cents per gallon and $3.40 cents per gallon," AAA Spokesperson Avery Ash said.

Patrons are overjoyed.

"I'm thrilled. I mean have to buy gas no matter what, so, now the fact that it costs a little bit less is definitely a little bit easier, especially now with Christmas and everything coming up," one gas consumer said.

So what is causing this sudden drop? Experts said prices typically do come down this time of year, but there are other factors bringing them closer to nearly $3.00 mark.

"Hurricane Sandy obviously hit in a major population portion of the United States, and with that hurricane moving through we saw people driving a whole lot less," Ash said.

With plenty of gas to go around and not much demand, the consumers have the upper hand.

Locally, prices are a bit higher. A regular gallon of gas is at about $3.80 down about a cent from last week and two cents a month ago. Those prices continue to fall.