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.
Tumbling gasoline prices may start to slow as gradual production declines fall more in pace with demand, experts suggest.
Higher oil prices are to blame for rising gasoline costs, according to AAA. AAA said the national gas price average for the week of Oct. 8 was $2.91, up 3 cents from last week and six cents more per gallon than a month ago. “The September switch-over to winter-blend gasoline ushered in cheaper gas prices […]