April 24, 2014

What’s behind the high price of gas

Gas prices are on the rise again, and one expert says there are several likely reasons behind the recent jump.

Wisconsin Petroleum Council Executive Director Erin Roth says it’s unusual to see price hikes this time of year, since travel is typically at its lowest point. However, he says an improving global economy has led to an increase in demand, which can contribute to a jump in prices.

Roth notes that maintenance work on several refineries could also be impacting supplies, and rising crude oil prices typically translates to increases at the pump as well.

AUDIO: Erin Roth, WPC (:19)

According to AAA-Wisconsin, the statewide average gas price is at $3.78 for a gallon of regular unleaded fuel. Milwaukee is the most expensive, with an average of $3.80, while La Crosse is the cheapest at just under $3.75. Prices have jumped about 60 cents in the past month.

John Colbert, WIBA