Gas prices down on coronavirus fears

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Gas prices have dropped 11-cents in the past week to a statewide average of $2.36 a gallon. That’s 10-cents less than this time last month and 13-cents less than this time last year. As cases of the coronvirus increase around the world, crude prices have decreased significantly. The market continues to worry that the impact of the virus will lead to a reduction in global economic growth, since crude demand is expected to decrease as a result of a slowdown in international travel and China’s crude consumption declining. Locally Port Huron area pumps are around $2.32 a gallon.