18 November 2019

MADISON, Wis., (November 18, 2019) – On the week, gas prices are mostly cheaper across the country. A small number of states saw pump prices decrease more than a dime, though the majority saw fluctuation of a few pennies. Today’s national average of $2.59 is two cents cheaper than last week.

An increase in gasoline stocks amid robust demand helped to push gas prices cheaper on the week, AAA expects this trend to continue throughout most of the month, but the exception is Thanksgiving. With nearly 49.3 million Americans expected to travel by car for the holiday, gas prices may start to fluctuate by the end of this week.”

Today’s national average is six cents less than last month and three cents cheaper than this time last year.

Pump price volatility continues across the Great Lakes and Central States. However, most states in the region saw gas prices decrease by one to three cents and while Illinois ($2.65) carries the highest pump price average in the region, most state averages range from $2.35 - $2.55.

 

 

Monday

Sunday

Week Ago

Month Ago

One Year Ago

National

$2.597

$2.600

$2.618

$2.656

$2.625

Wisconsin

$2.378

$2.382

$2.385

$2.498

$2.518

Appleton

$2.299

$2.304

$2.304

$2.403

$2.457

Eau Claire

$2.517

$2.519

$2.502

$2.622

$2.556

Green Bay

$2.310

$2.311

$2.335

$2.458

$2.501

Janesville-Beloit

$2.303

$2.303

$2.298

$2.409

$2.519

La Crosse

$2.458

$2.459

$2.465

$2.483

$2.509

Madison

$2.333

$2.334

$2.327

$2.437

$2.501

Milwaukee

$2.286

$2.291

$2.284

$2.435

$2.417

Wausau

$2.425

$2.426

$2.439

$2.580

$2.517

Click here to view current gasoline price averages

 

Oil market dynamics Oil market dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI increased by 95 cents to settle at $57.72. Crude prices increased last week due to increased optimism that China and the U.S. – the world’s two largest crude consumers – are continuing to resolve ongoing trade tensions that sparked market fears that global crude demand would suffer as a result of increased tariffs between both countries. Crude prices increased despite new data from EIA that revealed total domestic crude inventories increased by 2.2 million bbl, bringing the new total to 449 million bbl. The current level is 6.9 million bbl higher than last year’s level at this same time. 

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.

 

Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

 

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