Great news for Americans and President Obama’s reelection efforts: Market analysts are predicting that gas prices should stay under $3.00 a gallon in autumn.

USA Today reports:

Nationally, regular gasoline averages $3.47 a gallon, down 47 cents from this year’s high in April and well below the $5-a-gallon fears fanned earlier this year by energy speculators, Middle East tensions and oil refinery glitches that crimped supplies.

“The market is suggesting gas below $3 by Halloween, and certainly by Thanksgiving,” says Tom Kloza of the Oil Price Information Service.

24-month Gas Prices Chart: