Average U.S. gas price falls below $2 a gallon – By Brian C. Rittmeyer (Trib Live) / March 27 2020
The national average price of gasoline has fallen below $2 a gallon for the first time in four years, price-watching service GasBuddy announced Friday.
The last time the U.S. average was $1.99 a gallon was March 23, 2016.
In Pennsylvania, the top 10 lowest prices ranged from $1.55 to $1.79 a gallon on Friday afternoon, GasBuddy reported. That included a Citgo station in New Castle, where the price was reported at $1.77.
In the Pittsburgh area, prices were as low as $1.85 in Allegheny County, $1.87 in Armstrong County, $1.80 in Butler County, $2.19 in Fayette County and $1.99 in Westmoreland County. No price reports were found for Beaver and Washington counties.
GasBuddy is predicting that the national average could get as low as $1.49 per gallon by mid-April, which would be the lowest since 2004. Hundreds of stations could get down to 99-cents per gallon for the first time since the early 2000s.
Below $1.99 per Gallon Average in Recent History
2016: The last time the national average has been this low was March 23, 2016, caused by a crash in the oil market. During that period, the national average stayed below $1.99 for nearly three months, from Jan. 2 through March 23, bottoming at $1.66 per gallon on Feb. 14.
2009: The Great Recession pushed the national average below $1.99 per gallon for roughly four months from Nov. 20, 2008, to March 25, 2009, bottoming at $1.59 on Dec. 29, 2008. Prices eventually staged a major recovery in 2010 and stayed high until 2014.
Source: GasBuddy
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