North State gas prices near the $3 mark

Nov 10, 2014 12:12 PM by News Staff

In Chico the average price of a gallon of gas has fallen 4 cents in the past week, to an average of $3.05 a gallon.

A national survey of gas prices reports that the average cost of U.S. regular grade gas dropped nearly 3 cents per gallon in the last two weeks. In Chico prices have fallen 31 cents in the last month.

Industry analyst Patrick DeHaan said Sunday that the average for regular grade gas in the United States is $2.94 per gallon.

"Another week, another big decline in the national average," said Patrick DeHaan, senior petroleum analyst with GasBuddy. "But we're nearing the point where the decreases are likely to slow unless oil prices continue to tumble from their current levels.

The national average now stands at its lowest since December 4, 2010 and experts predict prices are likely to remain under $3 a gallon for the holidays.


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