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Gas prices falling amid coronavirus pandemic

Posted at 9:05 AM, Mar 20, 2020
and last updated 2020-03-20 12:08:40-04

BAKERSFIELD, Calif. — It's a classic case of supply and demand being fueled by a global epidemic. Gas prices are falling fast across the country.

According to AAA, drivers in about a quarter of the country's states are seeing gas under $2/gallon. The national average is at $2.19, the lowest it has been since December 2016.

Prices are plummeting, down 13 cents in just a week.

You can see those prices dropping right here in Kern County.

The average price in Kern County sits around $3.33, according to AAA. That's just above the California average of $3.25.

According to Gasbuddy.com, the lowest prices in Bakersfield can be found at the Costco locations on Rosedale or Panama. You can fill up at either for just $2.75.

Oil prices are not only being impacted by the coronavirus, which is cutting the demand for gas as people stay home, but also a price war between Russia and Saudi Arabia.