Gas drops below $2, down 46 cents from last year

Gas drops below $2, down 46 cents from last year
Gas in Virginia has dropped below $2 due to telecommuting and social distancing during the coronavirus (COVID-19) outbreak. (Source: Pixabay)

RICHMOND, Va. (WWBT) - Gas in Virginia has dropped below $2 due to telecommuting and social distancing during the coronavirus (COVID-19) outbreak.

Virginia’s average gas price is $1.95 today, which is down 11 cents from last week, and down 46 cents from one year ago.

The last time gas prices were below $2, was in November 2016.

Many drivers are paying much less than the state average with communities seeing gas prices in the $1.60-$1.90 range.

Drivers at the pump in Cumberland County in Central Virginia are paying the least today. The average there is just $1.50 per gallon.

Crude oil is the biggest driver of the less expensive gas prices.

Crude oil accounts for nearly 60% of the retail pump price. When crude is cheap, gas prices follow suit.

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