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Adjusted For Inflation, Gas Prices At All-Time Low

Gas prices have plummeted so low, they are now at the lowest recorded level in their history, an industry analyst said Sunday.

The average all-grade pump price has dropped nearly 3 cents since Feb. 20.

When the figures are adjusted for inflation, it means customers are getting the lowest price ever.

“The decline since September qualifies as a price crash, and the pump price on average is now lower than it’s ever been since the beginning of the gasoline market, taking inflation into account,” analyst Trilby Lundberg said.