WAUKESHA — As people prepare to
end their summers with a road trip, AAA is predicting that gas
prices will be among the lowest in the past few years.
On Thursday, the average price for gasoline in the U.S. is $2.60 per
gallon. According to Milwaukeegasprices.com, the average in
Milwaukee on Thursday was $2.49 and was about $2.58 in West Bend and
$2.45 in Waukesha.
According to AAA, drivers are paying 24 cents less than they did on
Labor Day 2018 ($2.84), and 4 cents less than on Labor Day 2017
($2.64). Daily gas prices averages, including state and metro
information, can be found at GasPrices.AAA.com.
“Labor Day travelers will benefit from lower oil prices this year as
they fill up for their holiday road trip,” said Nick Jarmusz,
Midwest director of public affairs for AAA — The Auto Club Group.
“Strong U.S. oil production rates are holding oil prices about 15%
below last year’s levels, effectively reducing the price of
producing gasoline. Gas prices should remain low heading into the
holiday, unless something unexpected threatens fuel supplies, like
geopolitical tensions or a hurricane in the Gulf of Mexico.”
According to Thursday’s AAA report, the expectation that there will
be a strong demand for gasoline can cause a slight and temporary
increase at the pump before the holiday weekend.
“However, after Labor Day, refineries begin their seasonal switch to
winter-blend gasoline. Summer-blend gasoline is more expensive to
produce than winter-blend, because the EPA requires more additives
in the hotter months of the year. The combination of lower demand
and fuel production costs typically restores downward pressure on
pump prices through the end of the year,” according to AAA.