JACKSONVILLE, Fla. -

Industry experts say the price of gas could drop as much as 50 cents a gallon over the next few weeks, bringing relief to millions who have been paying a pretty penny at the pump.

In some states, prices have already dropped below $3 a gallon.

The reason why is that inventory is up and the demand for gas is decreasing during the transition into the fall.

In October, gas prices peaked at $3.86 a gallon, and that number is expected to drop dramatically.

The national average of the price of gasoline right now is at $3.67 a gallon. That number is expected to fall to $3.35 or lower by late November.

Experts expect gas prices to bottom out in the $3.30 a gallon range, barring rising troubles in the Middle East or refinery issues in the United States.

Gas prices remained high well past their traditional Memorial Day weekend peak, due largely to supply shortages and refinery problems on the West Coast and in the Midwest.

But things are looking better on all fronts, according to economists and local drivers, who said a drop in gas would affect their lives in a positive way.

"Well, certainly it’s a big expenditure for everybody. I think it's probably No. 3 or No. 4 on the list," driver Greg Kleffner said. "It's an expense you can't control because most of us aren't doing a lot of driving we don't need to do. Relief will be great for everybody."

"It makes me feel kind of positive about it," driver Jake Cornelius said. "I mean, I don't really see it, but it could make a change."

A lot of drivers want to know just how long this dip in gas prices will last.