Average Gas Prices for Wisconsin Around $3.68

Tuesday, August 16th, 2022 -- 11:01 AM

The national average for a gallon of regular gas fell 10 cents in the past week to $3.95, due primarily to stable oil prices and fewer drivers than usual fueling up.

“Falling pump prices may eventually lead to more drivers hitting the road again,” said Nick Jarmusz, director of public affairs for AAA – The Auto Club Group. “But that hasn’t happened yet. Instead, many drivers are waiting for prices to fall further before reverting to their typical driving habits.”

AAA finds that drivers are making significant changes to cope with high pump prices. In a recent survey, almost two-thirds of U.S. adults have changed their driving habits or lifestyle since March. Drivers’ top two changes to offset high gas prices are driving less and combining errands.

According to data from the Energy Information Administration, gas demand rose from 8.54 million b/d to 9.12 million b/d last week. However, the rate is 307,000 b/d lower than last year.

Also, total domestic gasoline stocks decreased by 5 million bbl to 220.3 million bbl. Although gasoline demand has risen and supplies have tightened, easing oil prices have helped lower pump prices. If oil prices edge lower, drivers will likely see falling pump prices.

Today’s national average of $3.95 is 62 cents less than a month ago, but 77 cents more than a year ago. For Wisconsin, the average price of gas on Sunday and Monday was $3.68, a week ago it was $3.72, a month ago it was $4.36, and a year ago it was $3.03.

Feel free to contact us with questions and/or comments.