Gas Prices Dip to More Than Three-Year Low

Though gasoline prices dipped below $3 per gallon in 19 states this week, Santa Barbarans paid around $3.45, the lowest it’s been since early 2011. The cost to fill the tank has been declining since about July, according to, reflecting the decreasing price per barrel of oil from a high of $114 to its current dip into the $80s. Unleaded regular gasoline dropped by about 30 cents a gallon since last month, according to, moving down further since last week by about 10 cents to a statewide average of $3.39. On average, gas prices are about 35 cents lower than they were this time last year.

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