Wisconsin's Average Gas Price Continues to Decline

Tuesday, September 20th, 2022 -- 12:00 PM

Fewer drivers fueling up helped the national average pump price to drop four cents in the past week to reach $3.67.

But it's the smallest weekly decline in months and may signal that the streak of daily falling national average gas prices, approaching 100 days, is nearly finished. Meanwhile, most of the country is now using less expensive winter blend gasoline, so modest pump price reductions have occurred.

Only California has yet to make the switch, but that happens on November 1. According to the Energy Information Administration, gas demand decreased from 8.73 million b/d to 8.49 million b/d last week.

And total domestic gasoline stocks declined by 1.8 million bbl to 213 million bbl. Although gasoline demand has decreased, fluctuating oil prices have led to smaller pump price decreases. If oil prices spike, the national average will likely reverse as pump prices increase.

Today's national average of $3.67 is 24 cents less than a month ago but 48 cents more than a year ago. In Wisconsin, it was $3.41 on Monday, $3.41 on Sunday, $3.46 a week ago, $3.70 a month ago, and $3.02 a year ago.

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