CINCINNATI, Oh. (March 31, 2020) – The national average for a gallon of regular gasoline dropped below $2 per gallon for the first time in four years. Today’s national gas price average is $1.99. Here in Ohio the average is $1.63 with motorists able to find gas for less than $2.00/gallon at 99% of gas stations. AAA expects gas prices to push cheaper by at least another quarter in April. 

The decline is due to COVID-19’s chilling effect on the global economy and the crude oil price war between Saudi Arabia and Russia. Crude has plummeted to $20/bbl – a closing price not seen since 2002. For the last 52 weeks, crude oil (West Texas Intermediate) has averaged $56/bbl with the national pump price average at $2.63.

Gas Prices From AAA

Average price per gallon of self-serve, regular gasoline.

Gas prices provided by AAA, https://gasprices.aaa.com/

The last time gas prices dropped lower than $2.00 in Ohio was January 31, 2016 at $1.63/gallon.

The last time gas prices dropped lower than $2.00 in the Cincinnati tri-state area was November 16, 2016 at $1.98/gallon.

“AAA expects gas prices to keep dropping as cheap crude combines with the realities of people are staying home and less demand for gas,” said Jenifer Moore, AAA spokesperson. “While demand is diminishing, COVID-19 is not impacting the U.S. gasoline supply.”

In fact, the U.S. has an unusual amount of winter-blend gasoline still available for this time of year. This caused the Environmental Protection Agency to extend the sale of winter-blend past the May 1 deadline to May 20. The agency said they would continue to monitor and may extend the waiver again.

“The EPA’s extension of the winter-blend gasoline waiver will contribute to sustained lower prices, especially as U.S. gasoline demand readings look more like winter-driving season than spring,” added Moore.

AAA forecasts that until crude oil prices and gasoline demand increase, cheaper gas prices are here for the foreseeable future.

For those motorists who are not driving, AAA offers these car care tips for longer-than-expected parked vehicles:

• Battery Boost. If possible, use a Battery Tender or other maintenance-type battery charger to keep the battery at a full state of charge and prevent deterioration. The Battery Tender should remain connected to the stored vehicle.
• Fuel Stabilizer. If gas is going to sit in the vehicle’s tank for more than a few months, particularly gasoline that contains ethanol, AAA recommends using a treatment designed for fuel stabilization such as STA-BIL®.  Anyone can do this, and it is as simple as fueling up a vehicle. Fill the gas tank to help minimize condensation and drive the car for five to ten miles to ensure that the stabilized fuel circulates throughout the fuel system.
• Tire Pressure. Add 10 psi of pressure to each tire to help prevent flat spots from forming on the tires. This occurs when the area of the tire touching the ground becomes rigid due to sitting in one position for an extended period. You can also move the vehicle periodically.
• Windshield Wiper Placement. Prop up the wiper arms so the blades are off the windshield and won’t get stuck to the glass.
• No Parking Brake. Don’t use the parking brake when storing the vehicle. The brake could become frozen, and the brake pads could rust to the rotors, or brake shoes could distort the drums. With an automatic transmission, simply place the vehicle in park. If the car has a manual transmission, put it in first or reverse gear and use wheel chocks to help hold the vehicle in place.

AAA provides automotive, travel, and insurance services to 60 million members nationwide and nearly two and a half million members in Ohio.  AAA advocates for the safety and mobility of its members and has been committed to outstanding road service for more than 100 years.  AAA is a non-stock, non-profit corporation working on behalf of motorists, who can now map a route, find local gas prices, discover discounts, book a hotel, and track their roadside assistance service with the AAA Mobile app (AAA.com/mobile) for iPhone, iPad and Android.  For more information, visit www.AAA.com.

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