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Coronavirus is causing gas prices to drop below $2 per gallon

Concern over the coronavirus is causing gas prices to go down in Indiana and many other states.

“It has stopped transportation in China. With China being the world’s second-largest oil consumer, there’s a hit there to petroleum,” says Patrick DeHaan with GasBuddy.com.

He says the transportation shutdown means less oil demand.

Nearly 20 states have reported gas prices below $2 per gallon, including Kentucky, Ohio and Michigan, and DeHaan says prices in Indiana will continue to decline towards that $2 range.

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