Copeland, Mike. “Gas Prices Fall to $1.99 in Waco amid Coronavirus Fears.” WacoTrib.com, 3 Mar. 2020, www.wacotrib.com/news/local/gas-prices-fall-to-in-waco-amid-coronavirus-fears/article_7aa6cf60-2710-5142-84e8-10d836c9fccd.html.

“The travel industry is being hit, as are oil prices and demand.” This article summarizes how COVID-19 resulted in heavy price drops just for regular unleaded gasoline. Economist Ray Perryman explains that “When there is an event that causes uncertainty, markets tend to overreact.” Due to news of COVID-19, citizens are traveling less, which is taking a huge toll on the travel industry, which includes oil. Companies lower their prices in attempt to sell more of their gasoline, that they have plenty of but are struggling to sell amid concerns over coronavirus.

This relates to environmental science because environmental science is a combination of many other sciences, including economics. The article is about economics – specifically how an event like COVID-19 can heavily affect an entire industry. Gas prices are usually increasing due to increased demand and lack of supply (petroleum is a nonrenewable resource). However, in this case, demand has abruptly dropped, which will hopefully result in decreased production as companies hope to make the most profit.