gas prices

Decreasing Gas Prices for Labor Day Weekend

Sep 2, 2015

 One year ago, motorists were complaining the price of gasoline for Labor Day travel was high. This year, not so much.

That's the assessment of a petroleum analyst for the website .

Patrick DeHaan says prices in Wisconsin are averaging $2.56. down from $3.44 one year ago.

DeHaan says it's a matter of supply and demand...

No that isn't an illusion you're seeing at Northwoods gas stations. Gas prices are dropping and prices here are at that state average of $2.69 a gallon for regular unleaded.

Senior Petroleum Analyst for the website gasbuddy. com ,Patrick DeHaan,  says ample supply is keeping prices down even during the peak travel season...

"....a lot of it really at the hands of a drop in crude oil prices. Over the last week and a half, the price has dropped from $10 a barrel, currently at $47 dollars a barrel. Because of that big decline, the price of gasoline has followed...."

Next, we hear from Senior Petroleum Analyst for the website

Ken Krall talked with Gregg Laskoski about the national gas price average dropping below two dollars a gallon and if the trend will continue....

That's Gregg Laskoski from the website


Gas prices keep falling, but don't expect them to keep falling indefinitely.
That's the word from Triple "A" of Wisconsin's Nick Jarmusz..

".....we track gas prices everyday and the Wisconsin state average has fallen below three dollars a gallon for the first time since Dec. 21 of 2010. These are some....unusually low gas prices...."

So why are the prices dropping so fast?

You've probably noticed gas prices slipping a bit since Labor Day. In the Northwoods, you assume it's tourist related, but the reality is it's a change being done at the oil refineries...

"....the summer requirement for summer-blend gasoline expired on September 15. That means refineries can put back into the market the lower cost gas, which is the winter blend gasoline. It costs less because it takes less time to produce it and it has fewer additives...."

That's Greg Laskoski, a Senior  Petroleum Analyst for the website

A nation that is awash with oil will cause gas prices to plummet soon, even in the middle of the  tourist-busy summer season. That assessment from Patrick DeHaan, a Senior Petroleum Analyst for the website . He talked with Ken Krall about gas prices...

  Patrick DeHaan from the website

Corn is likely one  reason why gas prices have inched up lately, but there is another reason.

A petroleum analyst for the website gas buddy dot com says gas refiners are still in the process of shifting over to summer blend gasoline  so states can meet federal air quality rules.

Just before Christmas, gas prices took a jump after falling to about $3.11.  

Patrick DeHaan, a petroleum analyst for the website Gas told Ken Krall this likely is a short-term rise.

DeHaan says another factor in rising gas prices, tension in the oil-producting Middle East, is beginning to lessen. He says that factor also is stabilizing prices.

Holiday gas prices are expected to be stable but longer term they are likely to rise again, according to a petroleum analyst for the website gas buddy dot com

Prices have been declining since summer, with some stations in Milwaukee below $3.00 a gallon.

Patrick DeHaan says as the weather gets colder people don't drive as much...

Gas prices had dropped to $3.31 per gallon this week, then Wednesday the price rapidly spiked to $3.49 per gallon in Rhinelander and Eagle River, $3.39 in Minocqua, but held at $3.30 in Antigo, according to the website gasbuddy. com  Senior Petroleum Analyst Gregg Laskoski says wholesale prices are to blame for the spike after a long downward trend...

A gas price expert says the good news is fuel prices will be dropping this fall, the bad news is U.S. drivers spent $3 billion dollars more this summer on gas than in 2012.

Petroleum Analyst Gregg Laskoski from the website


Andrew Taylor

Wisconsin gas prices continue to fall, and that’s great news for July Fourth holiday travelers.

Petroleum Analyst for the website, Gregg Laskoski, says the national average has fallen has fallen from $3.64 to $3.49 per gallon.  In Wisconsin the decrease has been more dramatic, from $3.93 a month ago down to $3.44 today.

"Wisconsin was hit hard as part of the Great Lakes region and the Plains states that really had tremendous refinery and supply problems from mid-May up until recent weeks..."

Gas prices should be trending downward. That word from Senior Petroleum Analyst for the website  Gregg Laskoski.

Northwoods motorists have seen prices above $4.00 a gallon for a couple of weeks. Laskoski says the statewide average is $3.98 today. He says summertime is traditionally a time for higher gas prices, but this spike was caused by a refinery problem..