Lower gas prices expected

Published 1:21 pm Saturday, September 3, 2016


With a tropical storm affecting the East Coast this Labor Day weekend, gas prices are predicted to fall.

The storm may “further suppress gasoline prices due to heavy rain,” said Gregg Laskoski, GasBuddy senior petroleum analyst.

Laskoski believes the lowered prices would be a result of less commuter traffic due to the anticipated weather conditions.

For the last decade, Virginia has experienced a gradual declining trend in gas prices.

The reason for the lower gas prices over the years has been a result of rampant oil production.

In this case, the supply has outweighed the demand, which has forced companies to decrease oil prices.