Saturday, June 12, 2021

With pent-up travel demand and stimulus money available, gas prices hit $3 in southeast Wisconsin

From JSOnline:
Christian Robles
Milwaukee Journal Sentinel

Gas prices in southeastern Wisconsin have hit $3 a gallon, the latest reflection of pent-up interest in traveling after more than a year of being cooped up because of the COVID-19 pandemic.

Milwaukee, Waukesha, Racine and Kenosha counties all recorded average prices of $3 a gallon for regular gas on Friday, according to the American Automobile Association. That's about eight to nine cents more than a week ago.

Across Wisconsin, the average was $2.92, which is three to four cents more than the previous week’s average. A year ago, the average gallon of regular gas cost $2.04 in Wisconsin.

Gas industry experts say the prices reflect the reopening of the U.S. economy and ramping up of summertime travel.

“Economic gains are filtering down into increased gasoline consumption as people hit the road for vacation. It’s a whole lot of pent-up demand,” said Jim Ritterbusch, president of Ritterbusch and Associates, an oil trading and advisory firm.

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1 comment:

Anonymous said...

Thanks Cory Mason and your worthless friends for the rising gas prices