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The US average for regular gasoline fell to $3.94 a gallon Wednesday, dropping 12 cents in one week and moving below $4 for the first time since July, Scripps News reports, citing AAA. GasBuddy expects prices to fall another 20 to 25 cents by Thanksgiving, but the holiday would remain the priciest for gas on record. Increased oil supplies from OPEC and its allies, along with cheaper winter-blend fuel, are helping lower prices; 11 states have at least one station below $3. Analysts warn prices could rise again in spring.

Disclosure: This video contains stock footage and content created or enhanced using AI-assisted tools.

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00:00Drivers are finally getting some relief at the pump.
00:02The national average for regular gas fell to $3.94 a gallon on Wednesday.
00:08That's down 12 cents in a week, and the first time under $4 since July.
00:12Analysts expect prices to slide another 20 to 25 cents by Thanksgiving.
00:17Even so, this could still be the most expensive Thanksgiving for gas on record.
00:22Prices are falling, partly because more oil is flowing again.
00:25OPEC and its allies pumped about 2 million more barrels a day in October.
00:30The switch to cheaper winter blend gasoline is helping, too.
00:33GasBuddy is tracking 11 states, with at least one station below $3.
00:38The cheapest gas in the country on Wednesday was $2.75.
00:42But analysts warn the relief may not last past winter.
00:45One tip is to buy half a tank at a time and shop around.
00:49Disclosure. This video contains stock footage and content created or enhanced, using AI-assisted tools.

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