National average gas price drops to $2.95 for first time in four years

(WLUK) — Average gas prices in Green Bay have fallen 7.4 cents per gallon in the last week, averaging $2.68/g today, according to GasBuddy’s survey of 127 stations in Green Bay.

Neighboring areas and their current gas prices:

  • Appleton- $2.65/g, down 4.5 cents per gallon from last week’s $2.69/g.
  • Wisconsin- $2.64/g, down 8.8 cents per gallon from last week’s $2.73/g.
  • Michigan- $2.93/g, down 17.4 cents per gallon from last week’s $3.10/g.

The national average price of gasoline has fallen 8.5 cents per gallon in the last week, averaging $2.95/g today. The national average is down 6.9 cents per gallon from a month ago and stands 5.4 cents per gallon lower than a year ago, according to GasBuddy.

“Nearly every state saw average gas prices fall heading into Thanksgiving, with the national average dipping below $3 per gallon for several consecutive days—falling to $2.95/gal over the weekend, the lowest level since May 2021,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With refinery maintenance largely complete and OPEC increasing oil production for December, oil prices have struggled. Combine those factors and you have a solid recipe for continued downward pressure on gas prices in the weeks ahead. A few dozen stations are already offering gas under $2 per gallon, and we could see that number grow as we move further into the holiday season. It couldn’t come at a better time for Americans—with relief arriving just as the holidays kick off.”…

Story continues

TRENDING NOW

LATEST LOCAL NEWS