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 MarketWatch.com, 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 gasbuddy.com, 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.