The price of gasoline has been going down across New Jersey and the news just keeps getting better.

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Tom Kloza, chief oil analyst at, said there are about 30 or 40 gas stations in New Jersey right now that are pumping regular gas for under $3 per gallon.

"We've got a nice downtrend that we're looking forward to," he said.

Kloza said ever-higher domestic crude production and weakening end-of-summer demand are a couple of the reasons for that trend.

He adds, however, that "most of the drops have really occurred because the price of crude oil is about somewhere between $13 and $16 a barrel lower than it was in June."

Gasoline tends to see a markup of about $20 or $30 over crude in the summertime, but once the leaves turn, it sells for just a few dollars over the price. It's a pattern that has established itself over the last three fall seasons, but according to Kloza, this year the change will be a little bit more dramatic. He said this fall, we will see prices we haven't seen in the United States since 2010.

Kloza believes the norm for a gallon of regular in the state will be under $3 by Columbus Day or Halloween.

What about trouble around the world that could throw a monkey wrench into the lower prices?

According to Kloza, the tragedies and violence in the Middle East, and to a certain extent West Africa, aren't necessarily precipitating any increases in crude oil prices here in the U.S.

Pump prices on Monday showed a New Jersey average of $3.18 a gallon for regular. The national average was $3.33.

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