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Gas prices still plunging in U.S.

TRENTON, N.J. — Gas prices are still plunging around the nation amid the coronavirus outbreak with demand down as much as 50 percent in some places as inventory has risen to a record high.

AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $2.07, down three cents from a week ago. Drivers were paying $2.78 a gallon a year ago at this time. The national average gas price Friday was $1.82, down six cents from a week ago. Drivers were paying $2.83 a gallon a year ago at this time

Analysts say crude prices hit a low not seen since 2002 this week as demand has dropped to levels not seen in over half a century.

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