GAS PRICES LAFFERTY 2/24/15

CAMERA 1

EFFECTS: TKE PKGCG: NATE SOUND HOLDLENGTH: 1:20CG: MORGANTOWN

S: SEAN MCINTYRE/ MORGANTOWN, WV

(----------------ANCHOR-----------)GAS PRICES HAVE BEEN A RECORD LOW THESE PAST FEW MONTHS AND WEST VIRGINIANS ARE TAKING ADVANTAGE OF IT. REPORTER ABBY LAFFERTY HAS MORE ON THE STORY. (-------------TKE PKG--------------)“Nat sound of gas pump.” MORGANTOWN IS NO EXCEPTION OF THESE RECORD LOW GAS PRICES THROUGHOUT THE COUNTRY. GAS STATIONS APPEAR BUSIER THAN EVER WITH EAGER CONSUMERS FILLING UP THEIR TANKS. A MORGANTOWN LOCAL,SEAN MCINTYRE, TELLS US WHAT HE THINKS OF THE PLUMMITING PRICES. “ I definitely like them, um I don’t think their going to stick its usually pretty cyclical, once weather starts getting nice people start doing a little more traveling, a lot more families get on the road prices always jump.”LUCKILY FOR SEAN HE WAS ABLE TO TAKE THE PUBLIC BUS WHEN HE WAS IN SCHOOL, LIKE MANY OTHERS DO.

GAS PRICES-2 LAFFERTY 2/24/15

S: JOHN DESKINS/ ECONOMICS PROFESSOR

THE HIGHEST PRICE EVER RECORDED IN WEST VIRGINIA WAS FOUR DOLLARS AND FIFTEEN CENTS A GALLON. AND THATWAS IN MAY OF 2011. CURRENTLY THE PRICES ARE AT TWO TWENTY EIGHT A GALLON FOR REGULAR FUEL.I RECENTLY SPOKE TO ECONOMICS PROFESSOR, JOHN DESKINS, WHO SAYS GAS PRICES HAVE FALLEN FOR TWO REASONS. “Two factors at play driving down prices. Supply side issue is going to be a long-term issue by putting down more pressure on global prices for a long time. The demand side issues probably more short term and it may dissipate.” DESKINS BELIEVES THAT THESE PRICES MAY BE A GLOBAL PROBLEM. “In other parts of the world we see a slow down in economic growths, so that’s tied very closely with gas prices.” BECAUSE THE ECONOMY IS NOT GROWING RAPIDLY, THERE IS LESS SUPPLY FOR OIL. WHICH TRANSLATES INTO LOWER GAS PRICES. FOR JOURNALISM 386, I’M ABBY LAFFERTY.////////////////////