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Coronavirus could drop gas prices below $2 a gallon

National average price of gas currently $2.38, AAA says

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The oil price war inspired by the coronavirus epidemic could push gas prices below $2 a gallon in the coming weeks.

USA Today cites the head of petroleum analysis at GasBuddy, a fuel-savings app. He said 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 $2.38 a gallon.

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.

Saudi Arabia shocked the market by launching a price war against onetime ally Russia.