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

Local News
gas prices_1472579645670.jpg

(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.

For the latest breaking news and stories from across the
Tri-State, follow Eyewitness News on Facebook and Twitter.

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

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories