Gas Prices Still Plunging Amid Low Demand, Record Inventory

Gas prices are still plunging around the nation amid the coronavirus outbreak, with demand down as much as 50 percent in some places as inventory has risen to a record high.

AAA Mid-Atlantic says the national average gas price Friday was $1.82, down six cents from a week ago. Drivers were paying $2.83 a gallon a year ago at this time.

Analysts say crude prices hit a low last week not seen since 2002, as demand has dropped to levels not seen in over half a century, and that imbalance means prices at the pump should continue to decline.