Average gas price in US drops to $1.99

The national average for a gallon of gasoline dropped to $1.99, AAA announced Tuesday.

It’s the first time in four years that average prices for gas fell below $2 due to two global problems. The global coronavirus pandemic has suppressed oil demand and a crude oil price war between Saudi Arabia and Russia have combined to lower crude oil to less than $20 per barrel, the lowest price since 2002, AAA reports. And the price for gas is expected to drop even more.