Good news for the 4th: gasoline prices continue to fall

Average retail gasoline prices in Wisconsin have fallen 12.6 cents per gallon in the past week, averaging $3.46 per gallon yesterday, according to GasBuddy’s daily survey of 3,112 gas outlets in Wisconsin.

This compares with the national average that has fallen 5.7 cents per gallon in the last week to $3.50, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Wisconsin during the past week, prices yesterday were 7.4 cents per gallon higher than the same day one year ago and are 43.8 cents per gallon lower than a month ago. The national average has decreased 13.6 cents per gallon during the last month and stands 12.9 cents per gallon higher than this day one year ago.

“After an impressive surge abated several weeks ago, we’re seeing gasoline prices decline nicely,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “One in five states currently has at least one gas station with gasoline under $3 per gallon.

“The national average is likely to continue its decline this week as retail prices catch up to the decrease in wholesale gasoline prices,” DeHaan said.

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