Gas Prices Could Fall Below $2 As Oil Plunges
Gas prices could fall below $2 a gallon in the coming weeks. The price of oil is falling sharply after major producers failed to agree to a plan to prop up crude prices this weekend and by fears of declining energy demand due to economic disruption from the coronavirus. ALSO OF NOTE: Top oil producers Saudi Arabia and Russia have begun a price war. The national average price of gas was $2.38 yesterday (Monday) according to AAA. That was down 6 cents from a month ago at a time when gas prices are usually increasing in the lead-up to the summer travel season.