14 October 2019

AAA WEEKLY FUEL GAUGE

Today, the national average gas price is $2.63, which is two cents less than last week and 26 cents cheaper than last year, but six-cents more expensive than last month.  The Wisconsin state price is generally flat but Appleton and Janesville-Beloit saw a slight increase from last week.

Gasoline stocks in the region remained mostly stable, seeing only a decline of 25,000 bbl. EIA data also showed that regional refinery utilization decreased 5%, down to 87%, which is an average rate compared to other regions in the country. If stocks see another dip this week, alongside the lower refinery rate, the region may see a little volatility in pump prices in the week ahead.

 

 

Monday

Sunday

Week Ago

Month Ago

One Year Ago

National

$2.636

$2.636

$2.653

$2.567

$2.893

Wisconsin

$2.491

$2.496

$2.496

$2.492

$2.843

Appleton

$2.436

$2.438

$2.382

$2.428

$2.795

Eau Claire

$2.602

$2.600

$2.613

$2.584

$2.963

Green Bay

$2.468

$2.470

$2.467

$2.470

$2.846

Janesville-Beloit

$2.419

$2.421

$2.385

$2.384

$2.776

La Crosse

$2.482

$2.486

$2.498

$2.452

$2.831

Madison

$2.422

$2.429

$2.444

$2.474

$2.791

Milwaukee

$2.427

$2.431

$2.404

$2.416

$2.768

Wausau

$2.567

$2.575

$2.619

$2.553

$2.883

Click here to view current gasoline price averages
 

Oil market dynamics

At the close of Friday’s formal trading session on the NYMEX, WTI increased by $1.15 to settle at $54.70. Crude prices increased last week after Iran announced that one of its oil tankers was struck, potentially by missiles, in the Red Sea on Friday. The incident adds to concerns that increased tension in the Middle East could lead to a disruption in global crude supply.

EIA reported that total domestic crude inventories grew by 2.9 million bbl to 425.6 million bbl last week. They now sit 15.6 million bbl higher than where they were at this time last year.

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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