Gasoline Prices are Falling to their Lowest Levels in Months in Wisconsin

Drivers are receiving an early Christmas gift at the pump as the current gasoline prices are falling to their lowest levels in many months.

In a USA Today report, analysts say that the average gasoline price today is expected to drop to $3 per gallon by the year’s end.

Regular unleaded gas in Chippewa Falls is currently at a low rate of $3.29 per gallon.

The fall in gasoline prices had a good impact on the the Labor Department’s recently released CPI as November’s 7.4 percent fall in gasoline prices pushed down the index by 0.3 percent.

According to the AAA, the current gasoline price average for Wisconsin’s regular unleaded gas is $3.29 per gallon, a level that is lower by 1.5 cents compared to the previous day and 12 cents versus the past month.

Out of Wisconsin’s six metro areas tracked by the AAA, the lowest average gasoline price today is in Milwaukee at $3.22 per gallon followed by $3.25 per gallon at Madison, $3.28 per gallon at Janesville-Beloit, $3.30 per gallon at Eau Claire and $3.40 per gallon at both La Crosse and Green Bay.

At the national level, the average gasoline price today is $3.29 per gallon, a level that is closer to last year’s $3.26 per gallon average.

In the Midwest, the cheapest average gasoline price is in Minnesota at $3.13 a gallon, next is Iowa’s $3.19, Ohio’s $3.23, Indiana’s $3.24, Wisconsin’s $3.29, Michigan’s $3.33 and Illinois’ $3.36.

The current gasoline price average in the Twin Cities is $3.09 per gallon while that of Chicago is $3.48 per gallon.

By: Chris Termeer

Chris Termeer

Chris Termeer is an oil and gas consultant, industry commentator and analyst. His book, Fundamentals of Investing in Oil and Gas provides a comprehensive overview of all aspects of the oil and gas industry, including exploration, drilling, production, storage, transportation and refining, to name but a few.

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