Double-digit drop in gas prices seen

fullgasORLANDO, Fla., March 19, 2020–Americans are seeing pump prices plummet across the country as crude oil prices trend close to $30 a barrel according to AAA.

During this uncertain time of COVID-19, gas prices are declining despite increasing gasoline demand and decreasing U.S. stock levels.

Eleven states have an average gas price of $2 per gallon or less.

At $2.16, Florida and New Mexico carry the most expensive state averages in the region.

On the week, gas price averages in 35 states decreased by double-digits, pushing the national average to $2.25, the cheapest price point of the year.

“The national gas price average is 13 cents cheaper on the week and nearly 20 cents less than the beginning of the month. These are significant decreases in just 7 and 16 days,” said Jeanette Casselano, AAA spokesperson. “AAA expects gas prices to continue trending cheaper, with the high likelihood of the national average hitting $2/gallon before the end of March.”

The nation’s largest decrease was in Ohio at 27 cents. Oklahoma has the cheapest gas at $1.92 per gallon.

According to AAA, it’s likely other states in the southern region will fall below the $2 price point in the coming week.

Gas Buddy shows Crestview gas at $2.29 per gallon with the exception of one station on James Lee Boulevard at $2.24.

Gas prices in the Fort Walton Beach area are cheaper at $2.15 per gallon. Pensacola gas prices are hovering around the $2.08/09 range with one outlier at $1.89.

Up north in Andalusia, Ala., gas is $1.86/7 per gallon.

Staff and AAA news release

 

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