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.
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.
The national gas price average is $2.95, down by two cents for the week beginning June 4, AAA reports. This is the first time there has been a decrease in the national average since mid-March, AAA said. The drop follows the latest Energy Information Administration report showing consistently strong demand. “Nearly 80 percent of Americans […]