GREEN BAY, WI (WTAQ) – Drivers in Northeast Wisconsin’s two largest metro areas were paying about $2.46 per gallon of gas as of Sunday.
According to GasBuddy, that price represents about a two-and-a-half-cent drop from a week earlier in both the Green Bay and Appleton areas.
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Analysts say national economic factors contributed to the drop.
“The wait is over — 2018’s first weekly drop at gas pumps has arrived with the national average losing ground in the last week. As the Dow Jones average swung violently, oil prices lost considerable ground, falling below $60 per barrel for the first time this year. In addition, a weekly report from the government showed a trifecta of inventory increases: crude oil, gasoline and distillate inventories all gained, pushing wholesale gasoline prices down and paving the way for gas prices to cool off,” Patrick DeHaan, head of petroleum analysis for GasBuddy, said in a news release. “These factors have opened the door for perhaps a brief window of relief at the pump that may last for several weeks. I’d expect most places would see gas prices decline in the week ahead as a direct result. But don’t get too giddy — there are still some gray clouds on the horizon.”
The national average price of a gallon of gas fell 3.5 cents last week to $2.57 as of Sunday.
