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Title: Gas selling for under $1 per gallon in 13 states as national prices plummet during coronavirus quarantines
Source:
NY Daily News
URL Source: https://www.nydailynews.com/coronav ... xbvaxtozm4l3372aewy-story.html
Published: Apr 19, 2020
Author: Peter Sblendorio
Post Date: 2020-04-20 13:41:25 by Deckard
Keywords: None
Views: 165
Gas is selling at drastically reduced prices in the United States as people continue to quarantine themselves indoors due to coronavirus. In a whopping 13 states, gas could be found for less than $1 per gallon as of late last week, according to data released by the travel and navigation app GasBuddy. The states on that list include New York, Michigan, Arkansas, Mississippi, Oklahoma, Ohio, Colorado, Missouri, Iowa, Virginia, Wisconsin, Kansas and Kentucky. The United States as a whole has experienced a precipitous decline in gas prices amid the COVID-19 pandemic, with the national average dipping to just $1.82 per gallon, according to AAA. Six states have experienced their lowest prices in a decade: Wisconsin, Kentucky, Oklahoma, Michigan, Minnesota and Iowa. “I fully expect that as many as half of the nation’s states will ultimately see prices fall to at least decade lows, with perhaps most of them ultimately falling to lows not seen since the early 2000’s,” said Patrick De Haan, GasBuddy’s head petroleum analyst. The demand for gas that the United States experienced in late February and early March has plummeted by 50% to 70% in April thus far, GasBuddy said. 
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