File photo: WRN
The statewide average gas price in Wisconsin is below the $3 a gallon mark for the first time in almost four years. After falling steadily for most of the summer, the AAA-Wisconsin fuel gauge report shows the average price for a gallon of regular unleaded fuel is now at $2.99.
AAA’s Nick Jarmusz says prices dropped almost 30 cents a gallon in the past month alone, one of the steepest declines in years. He credits the falling prices to the fact that “we’re coming off the high summer driving season, so demand is lower this time of year.” The supply has also changed over to the cheaper to refine winter blend used for fuels, while crude oil prices have also dropped significantly.
Jarmusz urges motorists to enjoy the cheaper prices while they can. He expects they will climb again by next spring, at the latest. Still, he says AAA does not believe we have hit the bottom yet in terms of how low prices can go before they rebound.
The last time the statewide average was below $3 a gallon was in December of 2010.