Gas prices are down significantly, and analysts say a price war, and fears over the effect of coronavirus on demand, could bring the price down even further.

AAA Alabama says the average price for a gallon of gas in state is $2.09 a gallon, below the national average of $2.34. In some parts of the state, the price is hovering around $2 a gallon, while in Cherokee County in northeast Alabama, it’s below $2.

Some stations are offering gas for far less. According to GasBuddy.com, Sam’s Club in Auburn is offering gas for $1.86 a gallon, while the Marathon station in Valley is selling it for $1.87.

As CNBC reported, oil prices have almost halved since the start of 2020. The price could go even lower. Analysts with Goldman Sachs, for instance, say oil prices, which right now are around $33 a barrel, could plunge below $20 a barrel.

Saudi Arabia over the weekend decided to cut prices, dropping the price of oil by more than 20 percent on Monday. Today, the Saudis announced they were also increasing production. This comes during an on-going price war with Russia, which is not a member of OPEC. Analysts say the price of oil will probably be below the $40 per barrel mark for some time.