Gas prices inch up again

Average gasoline prices in Wisconsin have risen 5.5 cents per gallon in the last week, averaging $2.77 a gallon Monday, according to GasBuddy’s survey of 3,112 stations in Wisconsin. Prices in Wisconsin are 7.2 cents per gallon lower than a month ago and stand 6.5 cents per gallon higher than a year ago. According to GasBuddy price reports, the cheapest station in Wisconsin was priced at $2.19 yesterday (Sunday) while the most expensive was $3.29, a difference of $1.10 a gallon.

The national average price of gasoline has risen 0.8 cents per gallon in the last week, averaging $2.98 today (Monday). The national average is down 7.5 cents per gallon from a month ago and stands 7.1 cents per gallon lower than a year ago, according to GasBuddy.

The national average price of diesel has declined 1.8 cents in the last week and stands at $3.47 per gallon.

Patrick De Haan, head of petroleum analysis at GasBuddy says, “As we edge closer to the end of the year, we’re seeing momentum for falling gas prices weaken, which is typical as the national average generally bottoms out between Thanksgiving and Christmas.” But he adds, “With oil prices rising back above $70 last week, gas prices may have less potential to drop much further, though there may be a second window of lower prices in January or February in some areas, but even that won’t last long.”