MADISON, WI (WTAQ) - Gas prices are heading downward in Wisconsin – and there’s a chance that regular unleaded could go below $3 a gallon for the first time in two years.

Pam Moen of the Wisconsin AAA tells WKOW-TV in Madison that it’s not out of the question that prices will dip below the $3 mark.

Tuesday morning, the AAA’s statewide average is just over $3.32 a gallon for regular unleaded. That’s down almost a nickel from last Tuesday, and it’s 7 cents cheaper than a month ago.

Green Bay Gas Prices.com reports the average price for a gallon of regular unleaded Tuesday morning is $3.41 a gallon, with some stations charging as low as $3.31.

Milwaukee Gas Prices.Com reports an average of $3.24 Tuesday in the state’s largest metro. That’s 13 cents less than a month ago. Milwaukee stations are charging as low as $3.16.

Experts say that supplies exceed the demand, in spite of shortages in the Northeastern U.S, a month ago due to Hurricane Sandy.