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The price of a gallon of gasoline reached 99 cents at a gas station. Kentucky, United States.
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Fuel prices are falling across the country due to the outbreak of coronavirus (COVID-19), whose side effects have already taken a toll on the value of oil, according to reports from Gas Buddy and AAA.
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Gasoline prices in 35 US states experienced a double-digit decline, setting the national average at $ 2.25, the cheapest price point of the year.
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“These are significant decreases in just 7 and 16 daysSaid Jeanette Casselano, spokeswoman for AAA. “AAA expects gas prices to continue to be cheaper, with the high probability that the national average will reach $ 2 per gallon before the end of March.“
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According to the report of AAA, Ohio, Kentucky and Indiana they were included in the top 10 weekly declines. Kentucky and Indiana were also included in the top 10 least expensive markets.
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GasBuddy He said that as demand for oil has declined even though supply remains high, it has caused gas prices to drop as a consequence.
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He also confirmed that the first US service station to drop its price to 99 cents per gallon is at a Kentucky station.
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And in Mexico, gasoline prices continue to drop
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The drop in the international price of oil is already beginning to be seen in gasoline prices in Mexico.
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On a tour last week by The financial, it was found that some stations in the capital offer the liter of regular gasoline in less than 18 pesos per liter. As an example, a gas station located on Calle Pino, in the Azcapotzalco delegation, which sold until this Friday the liter of fuel in 17.79 pesos.
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The average sale in the country’s capital has decreased 21 cents in the last seven days, according to data collected by the consultant PetroIntelligence.
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Last March 12 The universal detected what in two seasons service port of Veracruz offered in 15.79 pesos the liter of gas magna, what generated Long lines of motorists.
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For example, two gas stations of the Rafael Cuervo avenue, from the municipality of Veracruz, surprised the locals by go down to less from 16 pesos in liter. The news was spread on social networks, so in a short time the two seasons were crowded by drivers.
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Also this Wednesday, the price of the gasoline dawned on 17 pesos per liter in some service stations located in Uruapan, Michoacán.
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The drop in the price of fuel has been more pronounced in Pemex’s storage and delivery terminals (TAR), where most entrepreneurs purchase gasoline.
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“The drop in price can not yet be seen reflected in all seasons, because not all gas businessmen have stocked their inventory in recent days. As the days go by we can see a more generalized effect“He explained to The financial Alejandro Montufar, CEO of PetroIntelligence.
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