GREEN BAY, WI (WTAQ-WLUK) — Northeast Wisconsin gas prices held steady over the past week.
According to GasBuddy, the average price of a gallon of gas in the Green Bay area was $2.83 as of Monday, .8 cents higher than a week earlier, 1.8 cents higher than a month earlier and 94.8 cents higher than a year earlier.
In the Appleton area, gas was $2.76, up a penny from a week earlier.
“We’re entering our fourth straight week with the national average above the key $3 per gallon level, but while gas prices haven’t broken past the low $3s, they have also failed to decline much from their peak as demand for gasoline continues to push higher as the summer driving season is underway,” Patrick De Haan, head of petroleum analysis for GasBuddy, said in a news release. “According to GasBuddy data, gasoline demand last week eclipsed the prior week, when millions of Americans were gearing up for Memorial Day travel, not an easy feat, but highlights that economic conditions are ripe for continued growth in demand, contributing to prices holding at high levels. As OPEC has maintained a slow but steady increase in oil production, that additional production is quickly being gobbled up by a global economy that continues to recover. Our current gas prices likely won’t change much by July 4, but remain stubbornly high, barring any major curveballs to supply and demand.”
The national average rose .6 cents to $3.04 last week.
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