Gas Prices Fall: Bit Of Good News In Bad News Times Print

Gas Prices Fall: Bit Of Good News In Bad News Times 
The national average price of gas at the pump is less than $2 a gallon, and may drop even lower. For several previous years, it was $4 and higher. With the coronavirus pandemic now affecting the economy, and a deep drop in the price of crude oil, have combined to send gas prices speedily downward.

AAA estimates the gas pump signs will show $1.75 or less in April. Springtime usually means a sharp rise in prices because of the usual heavy warm weather driving. However, this season is different, now that many of us are kept off the roads by stay-at-home regulations.

Also, many seniors fondly remember when the per gallon costs were much, much cheaper. I remember filling up my ’49 Chevy at the Philly Navy Yard gas station for 16 cents a gallon. It was after being recalled to active duty for the Korean War in the early 1950s. Will affordable prices happen again?