Gas prices falling in Tennessee as COVID-19 slows travel demand

Cornelia Mascio
Marzo 31, 2020

Gas prices are plunging primarily because Floridians are not driving as much as they normally do this time of year.

Patrick DeHaan, an analyst for GasBuddy, says we're likely to see more stations selling gas for 99 cents, and the average could go below $1.50 a gallon before too long.

It's the lowest price since February of 2016, specifically 1,496 days.

The average price for a gallon of gas in Buffalo is down four cents this week to $2.37, while in Batavia gas is three cents lower at $2.42 per gallon.

"Tennessee motorists are seeing dramatic declines in pump prices".

"Today, we enter the 38th straight day the national average gas price has fallen, and the first week of the national average being under $2/gal for the first time in over four years as motorists park their cars and shelter in place, leading to an unprecedented drop never before seen in USA gasoline demand, causing prices to sink like a rock", said Patrick DeHaan, head of petroleum analysis for GasBuddy.

DeHaan predicted the national average price could fall by 50 cents to $1 per gallon.

Metro Detroit's current average is $1.73 per gallon, about 15 cents less than last week's average and about $1.03 less than this same time a year ago.

Prices in the Pittsburgh area fell by 10.2 cents per gallon over the past week, to an average of $2.27, according to GasBuddy's survey of 731 stations. The least expensive gas price averages are in Flint ($1.69), Grand Rapids ($1.69) and Benton Harbor ($1.70).

Gas prices are sinking "like a rock".

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE