In Green Bay, the cost of gas has seen a significant jump of 19 cents per gallon over the past week, with the current average price sitting at $3.35 per gallon, as reported by GasBuddy. This marks a considerable increase of 38.1 cents compared to the prices a month ago, and it’s 12.3 cents more than what it was a year ago.
Looking at the nearby areas, here’s how the gas prices stack up:
In Appleton, the price for a gallon of gas is now $3.31, which is a rise of 9.2 cents from last week’s $3.21.
Across Wisconsin, drivers are paying an average of $3.31 per gallon, up 9.2 cents from the previous week’s $3.22.
Michigan sees a higher increase with gas prices at $3.65 per gallon, up by 8.6 cents from last week’s $3.56.
On a national level, the average price for a gallon of gasoline has increased by 4.4 cents in the last week, reaching an average of $3.44 today.
Patrick De Haan, the head of petroleum analysis at GasBuddy, explains that the rise in gas prices is due to a combination of factors. These include an increase in demand as more Americans start traveling, the transition to summer gasoline, and ongoing refinery maintenance. However, there’s a silver lining. The recent data suggests that refinery output is beginning to pick up, indicating that the peak of maintenance season might be coming to an end. Additionally, the bp refinery in Whiting, Indiana, which processes 440,000 barrels of oil per day, is back to normal operations after an electrical failure in early February. This means that while gas prices may continue to rise for a bit longer, we could see a decrease soon. Diesel prices also bring some good news, as above-average temperatures have reduced the demand for heating oil, leading to a potential drop in diesel prices below $4 per gallon soon.
For those interested in comparing gas prices by state or looking at a gas price map, GasBuddy offers resources for this purpose.
Lastly, the national average price for diesel has seen a decrease of 2.2 cents over the last week, currently standing at $4.00 per gallon.