MADISON - Pump prices in Wisconsin and neighboring states continue to climb faster than the national average thanks to increasing demand for gasoline and tightening supply due in large part to the recent partial shutdown of the West Shore pipeline according to the Wisconsin chapter of the American Automobile Association (AAA).
The segment between Milwaukee and
Green Bay is reportedly undergoing repair and inspections and may be
offline for several weeks while the work is being completed.
Operational challenges are also being reported at Marathon’s Detroit,
MI refinery and ExxonMobil’s Joliet, IL plant.
supply issues, refinery production has increased over the past few
weeks, while supplies are still about nine percent higher than a year
ago. In response to recent distribution issues, both Michigan and
Wisconsin’s governors took action extending the hours that drivers
transporting fuel are permitted to stay on the road. In the near term,
gas prices may remain volatile with summertime driving fueling high
Drivers in the Badger State saw average prices for
regular unleaded increase to $2.51, a 13 cent jump over last week. Only
Michigan, Ohio, Illinois and Indiana had larger increases. Prices
across the state vary considerably, with the lowest prices to the North
and West, where markets are less dependent on the West Shore pipleline
for supply. Average prices around the state are as follows:
Eau Claire - $2.40
Green Bay - $2.50
Janesville/Beloit - $2.54
La Crosse - $2.39
Madison - $2.44
Milwaukee - $2.63
You can find additional information on Wisconsin market averages, including historical comparisons, at www.GasPrices.AAA.com.
After reaching new 2016 highs, crude oil prices retreated to close out
the week due to news of a strengthening U.S. dollar and data showing an
uptick in the number of U.S. drilling rigs in operation. Both benchmarks
opened the week by extending this trend of sliding prices, as concerns
of revived production out of the U.S. and global demand concerns begin
to resurface. At the close of Friday’s formal trading session on the
NYMEX, WTI closed down $1.49 and settled at $49.07 per barrel.
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.