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Goodbye $3 gas, at least for now.
The average price for a gallon of regular dipped below $3 Wednesday in Los Angeles and Long Beach, according to the Auto Club. A year ago, a gallon averaged $3.651.
With Wednesday’s $2.987 average, the L.A. area joins the rest of Southern California, which already saw average prices fall below $3.
Oil and gasoline prices have been driven lower this year by a North American shale oil boom and a sluggish global economy. The combination has increased supplies and depressed demand.
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