Gas prices continue downward trend despite weather & tensions

GREEN BAY, WI – (WGBW & WISS) – Despite a week that saw devastation and interruptions from Hurricane Helene and tensions on the rise in the Middle East, gas prices dropped to be below $3 a gallon statewide.

According to GasBuddy.com, the average price for a gallon of gas in Wisconsin is $2.99, down 8 cents a gallon from last week. The average price for gas in Green Bay is $3.05, down 8 cents from last week. Appleton’s cost for a gallon of gas dropped over 11 cents from a week ago to $2.97. Michigan is seeing averages of $3.31 cents a gallon.

The national average is $3.13 per gallon today.

“While the national average dipped slightly in the last week, Iran’s attack on Israel has at least temporarily caused oil prices to surge to the highest level in months, which could cause the declines to cease for now and could lead to a rise in gas prices for many Americans,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “In addition to the escalation in the Middle East, hurricane season remains active, with Hurricane Milton now heading toward a likely landfall in Florida. As a result of potential evacuations, GasBuddy’s Fuel Availability tracker will remain online for areas likely to be affected by Milton. For now, motorists in most areas can expect to see more increases in gas prices primarily due to tensions in the Middle East, but I remain hopeful that a $2.99 national average remains possible this fall.”

Location	Average Price 10/7/24	Average Price 9/30/24	Up/Down Amount
Appleton	$2.97	$3.09	Down 11.6 Cents
Green Bay	$3.08	$3.13	Down 8.1 Cents
Oshkosh	$2.95	$2.99	Down 4 Cents
Wisconsin	$2.99	$3.08	Down 8.3 Cents
National	$3.13	$3.18	Down 4.6 Cents

In GasBuddy’s weekly blog, De Haan said that OPEC has spare capacity, but concerns following Iran’s bombing of Israel last week could affect oil production and could impact oil prices.

The price for diesel remained largely unchanged from last week at about $3.54 a gallon.