Coronavirus In Minnesota: Gas Prices Fall Under $1 A Gallon In Red Wing

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MINNEAPOLIS (WCCO) — As Minnesotans continue to heed the governor’s stay-at-home order, gas in one part of the state has dipped below $1 a gallon.

According to GasBuddy.com, a station in Red Wing on Wednesday morning was selling gas for 99 cents a gallon. Moreover, a handful of stations in other parts of the state had a gallon of gas priced at $1.09.

Meanwhile, AAA says the average price of a gallon of gas in Minnesota is hovering around $1.80, and it’s expected to go lower.

Across the country, gas prices are falling as the economy has ground to a halt amid the COVID-19 pandemic.

Demand is low as health officials have encouraged social distancing, and several states are under stay-at-home orders, Minnesota among them.

Additionally, there’s also a crude oil price war being waged between major producers Saudi Arabia and Russia, AAA says. The price of crude oil has plummeted to $20 a barrell.

AAA forecasts that until crude oil and demand increase, prices at the pump will be low for the foreseeable future.


https://www.msn.com/en-us/money/markets/coronavirus-in-minnesota-gas-prices-fall-under-dollar1-a-gallon-in-red-wing/ar-BB121xfY

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