$1 per gallon gasoline could soon be coming to a station near you.
With most of the U.S. and developed world on shutdown due to the coronavirus pandemic, oil consumption and prices have dropped dramatically.
It comes as the International Energy Agency says the U.S. will sustain an "unprecedented" decline in oil output this year.
That's despite a historic agreement by some of the world's other big producers to slash supply with the goal of shoring up prices.
The IEA said low prices and large inventories will greatly reduce U.S. crude production this year
