"This is a dollar a gallon less (than I pay at home)," one person who lives in a suburb of Buffalo, said. "We have over supply and less demand."
Though gas prices have increased since it was less than a dollar when the pandemic began, gas was pumped by people with prices as low as $1.33 per gallon in Irving as of the weekend.
ERIE COUNTY GAS TAX CALCULATOR
The pandemic reduced oil demand across the globe. Exxon Mobil lost $610 million in the first quarter. The money is a 126 percent drop from the same time last year.
READ MORE: Exxon profits plummet because of pandemic
The price of a barrel of U.S. benchmark crude fell nearly 70% since the start of the year. During that time Exxon's shares fell 33% and Chevron's fell 24%.
Oil prices closed last month just north of $12 a barrel. At the start of this year, the price was around $60. Prices are too low for most oil companies to drill new wells and the amount of oil that existing wells generate declines over time, according to the Associated Press.
