Below 3 Bucks! - NBC 7 San Diego

Below 3 Bucks!

Gas prices tank



    For the first time since October 2007, the average price of self-serve unleaded gasoline in San Diego County was below $3 Thursday, at $2.90 a gallon.

    The price dropped a whopping 13 cents in two days, said Utility Consumers' Action Network spokesman Charles Langley.

    "I have never seen gas prices drop this quickly over a two-day period, and I've been tracking gas prices for nearly 12 years in San Diego," Langley said.

    The drop is due to a steady decline in the price of crude oil, lower demand at the pumps, reduced speculations by future traders and the elections. Langley predicts prices wil rise sharply after Election Day.