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Slight Up Tick in Prices, But Gas Still at Its Lowest in 7 Years

Despite a six cent increase in the price of a gallon of gas last week, prices in southeast Wisconsin are the lowest they have been since 2008, according to GasBuddy.  GasBuddy’s survey of 615 gas outlets in Milwaukee found the average price of a gallon of gasoline to be $1.88 in the past week.  The national average was $2.01 per gallon.

      Jeff Pelton, senior petroleum analyst for GasBuddy, said consumers could see prices go even lower.  “"There is simply too much crude oil out there for gas prices not to decline,” said Pelton.  “The national price decline has stalled and recently nudged up a hair based on localized spikes in the Great Lakes region.”

Gas prices in Milwaukee are more than 60 cents per gallon lower than the same day one year ago and more than 35 cents per gallon lower than one month ago. The national average has decreased nearly 16 cents per gallon during the last month and stands 53 cents per gallon lower than this day one year ago. 

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