Gas prices drop below $2 in parts of the Tri-State, highest in Illinois

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(CNN/WEHT) — Gas prices in the Tri-State were low Monday morning.

Eyewitness News found a gallon of regular gas on the Highway 41 Strip in Henderson for $1.87. AAA says the average price for the Henderson market was $1.95.

Gas prices were right around $2 in Owensboro, while Vanderburgh County, Indiana is looking at an average of $2.02 per gallon.

Illinois’ state average is higher than the national bar — hanging just under $2.50.

USA Today cites the head of petroleum analyst at GasBuddy, saying prices could be driven below the $2 a gallon mark if COVID-19 fears continue, and the global oil supply does not shrink.

It comes after major oil-producing nations failed over the weekend to agree to a plan to boost crude oil prices.

AAA reports the national average price of gas is currently at $2.38

At a meeting in Vienna Friday, Russia refused to go along with OPEC’s proposal to rescue the coronavirus-battered oil market by further cutting production.

Then, Saudi Arabia shocked the market by launching a price war against one-time ally Russia.

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(This story was originally published on March 9, 2020)

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