Drivers got good news on Friday, with the average price of gasoline in the United States hitting $3 a gallon.
That's exactly what Andy Lipow, president of Lipow Oil Associates, had predicted would happen by Halloween. Now he has a new prediction for prices by Thanksgiving.
"We're going to continue going down and by Thanksgiving I'm seeing $2.80 a gallon," Lipow said in an interview with CNBC's "Street Signs."
"In fact you look at gasoline futures today, they're getting hit hard, another 4 cents a gallon and that's going to be passed on to the consumer over the next few weeks."