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Reasons Behind Lower Gas Prices

Posted: Wednesday, December 26th, 2012 at 6:24 am
Author: KCII News - Nathan Swenson

A local gas station owner is providing some reasons for why gas prices have dropped.

George Moore owns Moore’s BP Amaco in Washington with his wife and says the lower prices at the pump can be partially attributed to the supply and demand market that plays a large part in deciding what you pay. Currently demand is low following the summer driving season, while supply has remained steady.

He says fuel efficient vehicles, and the fact that there hasn’t been any “earth shattering” international news to cause uncertainty has also played a part.

Gas prices are around $3.10 compared to nearly $4 a gallon seen in mid-September.