Gas prices dip below $3 a gallon

Gas prices dip below $3 a gallon

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Gas prices dip below $3 a gallon

Updated: Thursday, 13 Dec 2012, 3:00 PM MST
Published : Thursday, 13 Dec 2012, 3:00 PM MST

ALBUQUERQUE (KRQE) - Here's a great holiday gift: cheaper gasoline.

GasBuddy.com is reporting gas prices have fallen at least 10 cents in the last week, and the lowest gas prices are all below $3 for a gallon of regular unleaded.

More online:  KRQE.com Gas Tracker powered by GasBuddy
 
The New Mexico Petroleum Marketers Association told KRQE News 13 there are a few reasons: more domestic drilling, cars are more fuel efficient and a downturn in demand since people just aren't driving as much. 

The price of a barrel of oil is around $86.

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