Gasoline Futures Hit Lowest Level Since 1999 as Demand Plummets Amid CCP Virus Shutdowns

A woman wears a glove as a preventative measure against the CCP virus at a gas station in Los Angeles on March 18, 2020. Chris Delmas/AFP via Getty Images

Gasoline futures on Tuesday plunged below levels seen in the aftermath of 9/11 and the 2008 global financial crisis as refiners cut back production amid widespread shutdowns related to the CCP virus.

Gasoline futures traded at below 45 cents per gallon on Tuesday evening, the lowest price since 1999.