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Coronavirus Could Lower Gas Prices in the United States

 


JACKSONVILLE, Fla. The big oil and gas companies were already preparing to slow global economic growth, and this seems to have been accelerated by the arrival of the new coronavirus.

If you have visited the gas pump in the past few days, you may have noticed a drop in prices. According to GasBuddy.com, the average gas price in Jacksonville was around $ 2.12 per gallon on Tuesday. Some Jacksonville stations had prices under $ 2 for a gallon of gas.

LINK: Gas prices in Jacksonville

According to AAA, the national average on Tuesday was around $ 2.38 per gallon.

Analysts say fears of contracting the coronavirus prevent more people from staying on and off the roads, reducing demand for fuel. This, combined with a fuel price war between Russia and Saudi Arabia, has resulted in lower prices at the pump.

I save about $ 5, said Brian Bacolor, who was refueling in San Marco.

People are afraid, said Marie Fortin, a Jacksonville resident. They don't want to travel.

Airlines continue to cut capacity as travelers cancel or avoid flights together. United Airlines, Delta Air Lines and American Airlines allow passengers to book tickets until April 30 without paying any fees.

Travel coronavirus tips: everything you need to know

European airports say they are expecting 187 million fewer passengers this year due to the virus epidemic, which "is turning into a shock of unprecedented proportions for our industry". ACI Europe, which represents the industry, estimated on Tuesday that the epidemic will mean a 13.5% drop in the number of airport passengers in the first quarter, which translates into a loss of revenue of 1, 32 billion euros ($ 1.5 billion).

The last Floridas coronavirus case was confirmed on Tuesday in Broward County.

Copyright 2020 by WJXT News4Jax & The Associated Press – All rights reserved.

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