Richmond, Va. (Newsradiowrva.com) - Nobody wants to deal with yet another potentially problematic Covid variant, but Omicron might be bringing with it a potential silver lining. Crude oil prices dropped below $70 on Friday, and AAA Mid-Atlantic anticipates gas prices could follow.
AAA Spokesman Morgan Dean says crude makes up at least 50 percent of the gas price, so it would make sense to see the price per gallon drop. How much would also depend on the impact of releasing fuel from various strategic reserves.
Dean also points out strong holiday demand could also impact prices as well, blunting the downward pressure.
