Please ensure Javascript is enabled for purposes of website accessibility
Finding Cheap Gas in Fresno. Price Falls Below $2 a Gallon as COVID-19 Limits Travel.
Randy-Reed-Image
By Randy Reed, Operations Manager
Published 5 years ago on
April 13, 2020

Share

Gas prices are falling in the Fresno area, dipping below $2 per gallon at one local station.

The cheap gas is the result of a drop in demand because of COVID-19 stay-at-home orders as well as lower oil prices on the world market, experts say.

Price Below $2 Spotted in Fresno

Fresno Central Market was selling regular unleaded for $1.99 on Sunday. Online price tracker GasBuddy showed the convenience store’s price to be the lowest in the area. Fresno Central Market is on Fresno Street near Community Hospital’s downtown campus.

Fresno Central Market was selling regular unleaded for $1.99 on Sunday. It was the lowest price in the Fresno area, according to online price tracker GasBuddy. (GV Wire/Randy Reed)

Prices at local Costco gas stations were listed on the site at $2.09, a price matched by a small number of other retailers. GasBuddy showed the average price of regular unleaded in Fresno at just above $2.50 this weekend.

The price was significantly lower in other parts of the country. A Twitter user in Red Wing, MN posted a picture Friday showing gas at 89 cents per gallon.

Nationally, the average price for regular fell 14 cents over the past two weeks to $2.01 per gallon, according to industry analyst Trilby Lundberg of the Lundberg Survey. Over the past seven weeks, gas prices have dropped 52 cents, Lundberg said.

Will Cheap Gas Prices Be Short Lived?

How long the era of cheap gas will continue remains to be seen. On Sunday, OPEC, along with Russia and other international oil producers finalized an unprecedented production cut of nearly 10 million barrels a day, as they try to end a month-long price war and boost prices.

The oil price cut is scheduled to go into effect May 1, and the deal is already having an effect on the price of crude.

But GasBuddy senior analyst Patrick DeHamm, says low prices at the pump will continue. In a Twitter post Sunday, DeHamm warned skeptics, “don’t be fooled! #Gasprices are NOT going to magically surge from this.”

“I’m pretty sure these wholesale prices and spot prices are as low as anything we’ve seen since before the Arab oil embargo” in the early 1970s, said Tom Kloza, head of global energy analysis at Oil Price Information Services, in a CNBC interview on Wednesday.

“I think you are going to see much more common sub-$1 gasoline prices in the nation’s midsection, and I think we are looking at a national average of $1.25 to $1.50″ at the pump,” Kloza said.

Associated Press contributed to this report.

[activecampaign form=29]

RELATED TOPICS:

DON'T MISS

Wired Wednesday: CEMEX’s New Mining Plan for the San Joaquin River

DON'T MISS

Trump Fires NSC Officials a Day After Far-Right Activist Raises Concerns to Him

DON'T MISS

China Halts Approvals for New US Investment Projects

DON'T MISS

Measles Spreads to Central Texas; 5 States Have Active Outbreaks

DON'T MISS

Trump Tariff Fears Erase $2 Trillion From US Stocks

DON'T MISS

Startup Offers Controversial Microplastic Blood Cleansing Treatment

DON'T MISS

Senate Confirms Mehmet Oz to Take Lead of Medicare and Medicaid Agency

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

Pence Will Receive the Profile in Courage Award From the JFK Library for His Actions on Jan. 6

DON'T MISS

Politics Turns Ugly for a Conservative Running for Fresno State Student Body President

UP NEXT

Startup Offers Controversial Microplastic Blood Cleansing Treatment

UP NEXT

Pence Will Receive the Profile in Courage Award From the JFK Library for His Actions on Jan. 6

UP NEXT

Politics Turns Ugly for a Conservative Running for Fresno State Student Body President

UP NEXT

Order That Kept Water in the Kern River Reversed by 5th District Court of Appeal

UP NEXT

Valley Crime Stoppers’ Most Wanted Person of the Day: Christopher Robert Sharkey

UP NEXT

Flores Homers, Matos and Wade Also Go Deep to Help Giants Cap Sweep of Astros

UP NEXT

Fresno County Authorities Need Help Finding Family of Alejandro Solis

UP NEXT

Lilly Is a Young Terrier Who Loves Dogs, Cats, and People

UP NEXT

Colorado Man Charged with Pointing Laser at Fresno Sheriff Helicopter

UP NEXT

Fresno Firefighters Save Dog From Canal and Now She’s Ready for Adoption

Measles Spreads to Central Texas; 5 States Have Active Outbreaks

6 hours ago

Trump Tariff Fears Erase $2 Trillion From US Stocks

7 hours ago

Startup Offers Controversial Microplastic Blood Cleansing Treatment

7 hours ago

Senate Confirms Mehmet Oz to Take Lead of Medicare and Medicaid Agency

8 hours ago

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

10 hours ago

Pence Will Receive the Profile in Courage Award From the JFK Library for His Actions on Jan. 6

10 hours ago

Politics Turns Ugly for a Conservative Running for Fresno State Student Body President

10 hours ago

Pentagon’s Watchdog to Review Hegseth’s Use of Signal App to Convey Plans for Houthi Strike

10 hours ago

President Trump’s Tariffs Could Be the Political Tipping Point

11 hours ago

Order That Kept Water in the Kern River Reversed by 5th District Court of Appeal

11 hours ago

Wired Wednesday: CEMEX’s New Mining Plan for the San Joaquin River

GV Wire’s Edward Smith talks with KMPH Fox 26 “Great Day” anchor Christina Rodriguez about the possibility of CEMEX digging a 600-foot hole ...

5 hours ago

5 hours ago

Wired Wednesday: CEMEX’s New Mining Plan for the San Joaquin River

President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House, Wednesday, April 2, 2025, in Washington. (AP/Mark Schiefelbein)
5 hours ago

Trump Fires NSC Officials a Day After Far-Right Activist Raises Concerns to Him

6 hours ago

China Halts Approvals for New US Investment Projects

6 hours ago

Measles Spreads to Central Texas; 5 States Have Active Outbreaks

7 hours ago

Trump Tariff Fears Erase $2 Trillion From US Stocks

7 hours ago

Startup Offers Controversial Microplastic Blood Cleansing Treatment

Dr. Mehmet Oz, President Donald Trump's pick to lead the Centers for Medicare and Medicaid Services, seated right, gives a thumbs-up alongside his wife Lisa Oz, seated left, with friends and family after he testified at his confirmation hearing before the Senate Finance Committee, on Capitol Hill in Washington, Friday, March 14, 2025. (AP/Ben Curtis)
8 hours ago

Senate Confirms Mehmet Oz to Take Lead of Medicare and Medicaid Agency

10 hours ago

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

Help continue the work that gets you the news that matters most.

Search

Send this to a friend