Tweet
...thanks to Coronavirus! If we all stay healthy...maybe it'll be a cheaper HRPT this year.
Article: https://www.usatoday.com/story/money...rs/4951511002/
Article: https://www.usatoday.com/story/money...rs/4951511002/
While the coronavirus upends travel and wallops stocks, the widespread respiratory illness has also led to cheaper prices at the pump.
Over the past three weeks, when China largely shut down and fewer people traveled, gas prices in the USA have fallen 6 cents per gallon, according to data compiled by the fuel price platform GasBuddy.
As of Wednesday, the national average sits at $2.41, which is $1.70 less than the highest recorded average of $4.11 set in July 2008. A gallon of gas costs less than $2 at more than 3,000 gas stations in the USA, according to GasBuddy.
The app’s senior petroleum analyst Patrick DeHaan said the spreading respiratory illness triggered a drop in global demand that could benefit domestic motorists for weeks to come.
“Tens of thousands of flights have been canceled, people have been told to stay from school and work, and now that’s spreading,” DeHaan said. “What you’re seeing is a reduction in oil demand globally that has pushed the price of oil down.”
Over the past three weeks, when China largely shut down and fewer people traveled, gas prices in the USA have fallen 6 cents per gallon, according to data compiled by the fuel price platform GasBuddy.
As of Wednesday, the national average sits at $2.41, which is $1.70 less than the highest recorded average of $4.11 set in July 2008. A gallon of gas costs less than $2 at more than 3,000 gas stations in the USA, according to GasBuddy.
The app’s senior petroleum analyst Patrick DeHaan said the spreading respiratory illness triggered a drop in global demand that could benefit domestic motorists for weeks to come.
“Tens of thousands of flights have been canceled, people have been told to stay from school and work, and now that’s spreading,” DeHaan said. “What you’re seeing is a reduction in oil demand globally that has pushed the price of oil down.”
, 2013 LH, 2014 LH
Comment