Falling prices at the gas pump could also drive Americans to spend more money on other things, like holiday gifts, further fueling the economy.
The national average for a gallon of regular fell less than a penny to about $3.41 on Thursday. That is down about 12 cents from a month ago, but still higher than a year ago.
Brent crude, which is used to price international varieties of oil, rose 91 cents to $110.42 per barrel on the ICE Futures exchange in London.
Trading in other energy futures on the New York Mercantile Exchange:
— Heating oil rose 4 cents to $3.06 a gallon
— Natural gas fell 11 cents to $3.69 per 1,000 cubic feet
— Wholesale gasoline gained 2 cents to $2.71 a gallon