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Gas prices dropped, future prices unknown

Gas Pumping (courtesy of Flickr)
Gas Pumping (courtesy of Flickr)

MADISON, Wis. (WXPR) -- Wisconsin gas prices continue to fall, and that's great news for July Fourth holiday travelers.

Petroleum Analyst for the website "Gas Buddy Dot Com", Gregg Laskoski, says the national average has fallen has fallen from $3.64 to $3.49 per gallon. In Wisconsin the decrease has been more dramatic, from $3.93 a month ago down to $3.44 today. “Wisconsin was hit hard as part of that Great Lakes region and the plains states that really had tremendous refinery and supply problems that go from mid May up until recent weeks.” Laskoski says with almost all refinery production back online, gas prices are reflecting a higher supply. Laskoski said the Midwest paid a steep price... compared to the rest of the country.. for having refineries in this region at reduced capacity. “Back in late may, we saw towns like Flint, Michigan and Milwaukee up with prices competing against Honolulu for among the highest in the country, and that’s just unheard of, and that was really just reflecting the severity of the problem.”

With the holiday on a Thursday, a number of Wisconsinites plan to take Friday off to enjoy a four-day weekend. The state government will be open on Friday, and so will many local institutions and businesses. The state D-O-T says road construction work will be halted for the holiday.

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