Demand for gasoline along with prices is rising as more people return to work and restrictions ease on public activity amid the pandemic.
More demand for gasoline is driving up retail prices.
Low-cost gasoline may soon be coming to an end as some states, including Indiana, begin a gradual reopening of businesses following more than two months of state-at-home orders to slow the spread of the coronavirus.
Initiatives to limit public interaction during the COVID-19 pandemic has kept demand for gasoline low the past several weeks, a trend expected to continue next month even as businesses in some parts of the U.S. begin to reopen, experts say.
Decreased demand created by fewer vehicles on the nation’s roads because of efforts to limit public interaction during the COVID-19 crisis is keeping gasoline prices low, AAA said.
The coronavirus outbreak and efforts to keep people at home during the crisis continues to lower demand for gasoline and push down prices.
A global crude oil price war and lower demand has caused the national average price for a gallon of gasoline to drop below $2 for the first time in four years, according to AAA.
The average price for regular unleaded gasoline in Indiana is nearly 50 cents less than a month ago, according to AAA.
Falling prices for crude oil driven by fears from the global COVID-19 outbreak has led to sharp declines in gasoline prices.
Increased gasoline supplies and motorists driving less are the main factors dropping fuel prices around the country.