Oil prices plunge to 17-year lows as demand drop threatens to overwhelm storage facilities.
Global crude oil prices tanked Monday amid continued concerns over the coronavirus pandemic's impact on energy demand and the ongoing price war between Russia and Saudi Arabia.
West Texas Intermediate (WTI), the US benchmark dropped below $20 a barrel in Asian trading while Brent crude hit $23.03, its lowest price since 2002.
Both sets of futures regained some of their early losses in European trading hours but remain down. Brent crude is down 6.2% at $26.23 while WTI is down 5.7% at $20.21 as of 9.00 a.m. in London (4.00 a.m. ET).
"There is potential this could go even lower as supply starts to flood storage space which could fill in the next month as a result of the combination of higher supply from the price war and lower global demand," Joe Healey, Investment Research Analyst at The Share Centre said in a morning note.
The widespread lockdown across much of Europe and North America has seen demand plunge while traders estimate that the market is pumping out a surplus of around 25 million barrels per day.
https://www.businessinsider.com/crude-oil-prices-plunge-price-war-storage-and-coronavirus-fears-2020-3
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I know here in Philly it is still running in the $2.40s... I don't expect to see any below $2 here. 
It's in the $2.30s/$2.40s where I am in the Philly area and worse downtown. 
a bridge to NJ for cheaper gas. 
Regular gas here ranges from 2.21 to 2.29. Ohio's state gas tax is lower, thus the lower price. I think they are on a different pipeline distribution system, too.
When I lived there, gas was cheaper in Philly than out here, but maybe the refinery shut downs there have had an impact on price.
They know about the price differential, so the tolls kept pace. The toll for the Delaware River Port Authority bridges, is $5. So with that toll plus the cost in mileage to drive over there, it comes out even (ask me how I know this... 
).
And now Jersey increased their gas tax, so it would be a loss for PA folks trying to go over there just for gas. For those who live in PA and commute to Jersey (and would have to spend the money for tolls anyway - one of my BILs used to do that), then it would make sense to just go on and fill up there. But otherwise, it's not worth it.
a dime. 
(I think they did that because they needed the money to renovate the drawbridge mechanism)
instead of the newer, higher tolled bridges. I can remember jokes about how loney the Ben Franklin and Betsy Ross bridges were.
I know I have used it but then most of the time where I needed to go, I either used the Benny or the Turnpike Connector Bridge.
One of my uncles (my mother's sister's hubby) who was born and raised in New England (and who had a sister living here in Philly) used to go up and down the highways from New Hampshire to here and back in the '70s (he bought a Datsun for the gas mileage) and knew every back road to avoid the higher-priced tolls. It was breathtaking to be in a car with him as we approached a toll and just before getting to it, he would get off at an exit and work his way around it (sometimes paying a dime or less for a toll in the vicinity) and get back on the main highway. 
