Wednesday, March 25, 2020

Silver Lining? Coronavirus Pandemic Slashes Traffic, Sends Gas Prices Tumbling

The Detroit Bureau

Across the country, traffic jams have all but vanished, even on some of the traditional most overcrowded highways, such as I-405 in Los Angeles and I-85 in Atlanta.

Adding to the good news for those still needing to drive, fuel prices continue plunging, the U.S. average now down to $2.17, according to tracking service GasBuddy.com.

The sharp decline in traffic has translated into a huge slump in demand for gasoline, according to industry experts who note there’s a glut in reserve, a situation compounded by the feud between Russia and Saudi Arabia that had already set gas prices tumbling.

Read the article at The Detroit Bureau.

The post Silver Lining? Coronavirus Pandemic Slashes Traffic, Sends Gas Prices Tumbling appeared first on Fleet Management Weekly.


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