Money | gas prices Economy's Silver Lining: Lower Gas Prices Falling oil prices make life easier at the pump By Neal Colgrass Posted Jun 2, 2012 2:03 PM CDT Copied Motorists drive beneath a sign advertising a $3.08 price for regular unleaded gasoline at a North Little Rock, Ark, Thursday, May 31, 2012. (AP Photo/Danny Johnston) One bright spot amid the latest economic news: Gas prices are falling nationwide, and fell below $2.99 at two gas stations yesterday, the AP reports. Not all consumers will be so lucky, but plunging oil prices have lowered pump gas by an average of 30 cents a gallon in most areas of the US. The new average is $3.61, and experts say it will keep falling over the coming weeks. Whether it helps pick up the economy is another question. Lower gas prices could give consumers greater confidence, says one expert, but that may fade if hiring doesn't improve and stock markets don't pick up. "If you don't have a job, it doesn't matter if gasoline prices are $5 or $2 a gallon," he said. (See whether high gas prices were ever really President Obama's fault.) Read These Next Wondering how Cheryl Hines feels about all this? Wonder no more. It's the second-worst wildfire season ever for Canada. It's a survival story fit for a sea shanty. A child was reportedly among those shot dead in a Target parking lot. Report an error