You wouldn’t know it by watching the Mainstream Media, but gas prices have been dropping like a stone over the past several weeks. Here in Prince William County, most of the stations in our area are either below $ 2.00/gallon for regular or very close to it, levels we haven’t seen since before the summer.
Gas prices in Northern Virginia dipped below $2 a gallon last week for the first time since June, and may fall another 30 cents, according to industry experts.
Prices for pump gas have dropped by more than a dime a gallon each week in the last month, according to Lon Anderson, director of public and government affairs for AAA Mid-Atlantic.
“Gas prices could very much drop by another 30 cents per gallon during the winter,” he said.
The average price for a gallon of regular unleaded gas in Virginia — $2.13 according to AAA’s latest estimate — remains lower than the national average at $2.29.
Wait a minute, I thought the evil oil companies were keeping gas prices high so that they could enjoy those record profits. Could it be that the market actually works ? That supply and demand have actually resulted in a reduction in the price of gasoline ?
Well, what do you know about that.
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