Oil prices fall below $70 for 1st time since July

(CNN)– U.S. crude oil prices tumbled below $70 a barrel for the first time since July.

Consumers could possibly see gas prices fall even more.

Today the national average price for regular gas dipped to $3.22 a gallon according to AAA.

That’s an 11-month low.

Here in South Carolina, the average price for gas is $2.93 a gallon.

Analysts are contributing the oil selloff to concerns about soft demand from China and record-setting supply from the U.S.