Gas Prices Still Plunging Amid Low Demand, Record Inventory

TRENTON, N.J. (AP) -
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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.