Published: Mon, March 23, 2020
Markets | By Otis Pena

There is now a county in Virginia with average $1.50 gas price

There is now a county in Virginia with average $1.50 gas price

However, prices continued to fall, and, as of 4:20 p.m. later that day, one gas station was showing 119.9 cents per litre - the Super Save at 1317 E 12th Ave and Clark Drive.

Maryland gas average at $2.13 today, down 2 cents overnight and down 10 cents in the last week.

While the price at the pump may be a historical low, DeHaan said Metro Vancouver still has some of the highest fuel prices in North America.

Gas prices have fallen well below $2 a gallon as Saudi Arabia ramps up production after failing to work out production cuts with Russian Federation. The price was matched rival by BJ's Wholesale Club. Gas prices are falling fast across the country. Many drivers are paying much less than the state average with communities seeing gas prices in the $1.60-$1.90 range.

Gas in College Station is $1.85 a gallon, down 11.5 cents per gallon from last week's $1.96 a gallon.

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South Jersey gas average at $2.19 today, down a penny overnight and down 9 cents in the last week.

Both of which are well under the national average that now sits at $2.19 per gallon, the lowest since December 2016.

The price of gas has been on a steady decline for two reasons: an oil production war between Russian Federation and Saudi Arabia, and the coronavirus pandemic. Oil prices also plummeted because of a price feud between Saudi Arabia and Russian Federation. Saudi Arabia opened the crude oil valve after a dispute with Russian Federation over production cuts.

Over the last month, light crude oil prices have dropped more than 50%.

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