Kentucky gas station drops prices to 99 cents

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LONDON, Ky. (KNWA/KFTA) — A gas station in Kentucky is the first in the nation to drop its prices below $1.

According to GasBuddy, a BP station in London, Kentucky has lowered its prices to 99 cents-per-gallon.

Experts have been anticipating a drastic drop in fuel prices — but not quite this quickly.

“Absolutely amazing to see how quickly prices have fallen, and the return of something few Americans have seen since the early 2000s,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “We’re in uncharted waters due to demand plummeting in light of the coronavirus situation, and yesterday oil prices fell to their lowest level since 2002 in a sign of the deep distress our economy is facing.”

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