CLEVELAND, OH — It’s a sight Cleveland residents, and almost all motorists across the United States, haven’t seen in decades: gas prices for less than $1 per gallon.
According to a FOX 8 report Saturday evening, that was the case at Speedy’s Grub Shack, 13601 Lorain Ave., which listed its price for regular unleaded at 89 cents per gallon.
Even store owners were excited about the prospects of selling gas below a dollar per gallon, writing “Cheapest in the state! Cheapest gas in USA!!” in a Facebook post.
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According to Gasbuddy.com, which keeps track of gas prices across the United States, Speedy was back up to $1.05 by Sunday morning. Gasbuddy reported several prices slightly above $1, including the EXBO at 11616 Bellaire Ave. in Cleveland and the Sunoco on West 130th Street also in Cleveland.
Gasbuddy had predicted this would happen in the Midwest, citing a drop in demand for fuel amid the coronavirus public health emergency. People are going out less, and businesses are expending less fuel.
“Prices are particularly soft around the Great Lakes because there’s no easy way to unload extra supply,” Patrick De Haan, the head of petroleum analysis at GasBuddy, said in a MarketWatch report. “The only real way is to offer discounts, and that’s the state we’re in today.”
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