MILWAUKEE -- Drivers in Wisconsin are enjoying a little relief from the pain at the pump.

Gas Prices Drop Around Milwaukee Area

Triple A reported the average price for 1 gallon of regular unleaded gas was $3.38 in the Milwaukee-Waukesha area on Wednesday. That's down from $3.42 on Tuesday.

By Thursday morning, prices had dropped to $2.99 at some locations.

But will it continue?

"Not many people thought they'd see gas prices this low again, but it is $3.27 a gallon in downtown Milwaukee and dropping," WISN 12 News reporter Mike Anderson said.

"Once the gas prices went over $4, I parked the car," said Mike Ladwig, who rides his bike to work.

It's people like Ladwig drivers have to thank for the drop in gas prices.

"It used to be $75, $80 to fill up a tank, and it would cost me $30 to $40 a week just to commute back and forth to work. So do the math," Ladwig said.

He lives in Pewaukee and works in Brookfield. His commute is 20 miles a day on his bike, and the math equals zero dollars on fuel to get to work since last June. Others don't even bother with a bike, they just walk.

"Well, there's been an abundance of gas because people have changed their travel habits," said Rob Chrzanowski of Triple A Wisconsin. "So we're starting to see that there is more abundance of gasoline to the public, and of course, that brings the price down."

In recent days consumers could actually afford to be a little picky and actually shop for the lowest price from block to block.

"It is exactly like the stock market because the gas prices go up and down every day," Shell station owner Sanja Rallan said.

Rallan said drivers will see prices fluctuate depending on which day a station bought its gas at whatever wholesale price the market dictated.

"Now my load, I got it on Saturday. So the price for me was $3.21 so I'm at $3.28," Rallan said.

But if somebody got a load on Tuesday, they paid 20 cents less than he did, so they can sell it today cheaper than he can.

"It all depends when you got the load," Rallan said.

"How low will it go, experts don't know but suspect it could be down to $3 a gallon if not lower," Anderson said.

According to Triple A, the national average has dropped 15 cents a gallon since last week. It's now $3.48.