I was able to decompress a single .gz file with a single csv in it by following Chris Webb's blog.
Ive also seen these blogs but was not able to successfully load and decompress files:
http://sql10.blogspot.sg/2016/06/reading-zip-files-in-powerquery-m.html
http://www.excelandpowerbi.com/?p=155
basically, my folder structure is like this
Parent_folder
- Folder_A
- Folder_A_1
- file.gz
- Folder_A_2
- file.gz
- Folder_A_1