Gas prices fall below $2 a gallon in 12 states

Michigan gas prices

Michigan gas prices

With gas prices falling across the county, Jarmusz said at this moment, no one knows how low prices will go.

A year ago, motorists were paying $2.58 a gallon. "And, the impact of COVID-19 and the oil price wars may significantly diminish the typical run-up in gas prices we see through the spring".

DeHaan expects prices to drop between 35 and 75 cents a gallon per gallon at most stations in the weeks ahead. The national average is down 38.5 cents per gallon from a month ago and stands 54.7 cents per gallon lower than a year ago. "This is truly an unprecedented turn of events".

World Health Organization message to young people about coronavirus: 'You're not invincible'
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GasBuddy says a month ago they noticed the first signs of gas prices dropping and now prices across the country are remarkably low.

"Crude oil prices have continued to be under heavy selling pressure due to the coronavirus' effects on global demand for products including gasoline, diesel and jet fuel". "Weeks ago, oil plummeted when Saudi Arabia announced plans to flood the market with oil". In Western Pennsylvania, the prices at a Sheetz and a Citgo in New Castle and at Costco in Cranberry were all among the state's lowest at $1.89.

"The average price of gas across DE is as low as it has been since January of 2019", says Ken Grant, public and government affairs manager for AAA Mid-Atlantic. Crude oil accounts for almost 60 percent of the retail pump price. "That is not the case this year", said Morgan Dean, AAA spokesperson.

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