Gas prices will likely fall below $2 per gallon in coming weeks: AAA

National

(CNN) – The oil price war brought on by the coronavirus epidemic could push gas prices below $2 a gallon in the coming weeks.

USA Today cites the head of petroleum analyst at GasBuddy, a fuel-savings app.

He says prices could be driven below the $2 a gallon mark if COVID-19 fears continue, and the global oil supply does not shrink.

It comes after major oil-producing nations failed over the weekend to agree to a plan to boost crude oil prices.

AAA reports the national average price of gas is currently at $2.38

At a meeting in Vienna Friday, Russia refused to go along with OPEC’s proposal to rescue the coronavirus-battered oil market by further cutting production.

Then, Saudi Arabia shocked the market by launching a price war against one-time ally Russia.

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