Fuel costs are at their cheapest level in more than five years with the price in one state falling below the $2 threshold.

Filling up at the pump is lot less painful than it used to be. Average nationwide gasoline prices tumbled to $2.32 Friday, their lowest point in more than five years, according to AAA.

The drop marks a dramatic turnaround from this time last year, when fuel cost nearly 50 cents more per gallon. As a result, drivers are on track to save hundreds if not more than $1,000 annually in gas costs.

A slump in the oil market is driving the lower fuel prices. Increased supply, particularly by U.S. producers, has driven down oil prices by nearly half over the past six months. On Friday, U.S. crude fell below $55 a barrel.

The result is gas prices that seem like a mirage. Average prices have fallen nationwide for a record 92 straight days.