GasBuddy: Gas prices poised to continue historic drop

You can expect gas prices to continue drop because of coronavirus, says GasBuddy.

“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 U.S. gasoline demand, causing prices to sink like a rock,” said Patrick DeHaan, head of petroleum analysis for GasBuddy on Monday.

DeHaan says with the nation continuing to be under siege from the coronavirus and millions staying parked at home, there’s quite a bit more downside that’s in the pipeline coming in the weeks ahead.

“We could easily see the national average fall 50 cents to a dollar per gallon, while pricey states like California will see the biggest drops to come, playing catch up to the drop that has seen twenty nine states average gas prices fall under $2. Motorists should continue to be vigilant if they need to fill their tanks- bring hand sanitizer and potentially wipes, but also shop around as the gap between station widens to historic levels,” says DeHaan.

The average price for gas in Indiana yesterday was $1.71 per gallon. That’s down 15 cents from where it was this time last week.