Madison
53° F
Clear
Clear
Advertisement

Gas prices lowest in nation since January

Published On: Oct 24 2013 06:57:44 PM CDT

MADISON, Wis. -

Gas prices around the nation are at their lowest level since January, and some experts say they could continue to fall at or below $3 a gallon as we get closer to the holidays.

After a jump at the beginning of the year, gas prices have been mostly falling, especially since July, which is when crude oil prices started dropping.

With fewer people hitting the road in the winter months, gas prices could go down even further.

“The question is: how low will they go?” said Pam Moen, with AAA Wisconsin. “That’s not something we can say definitively today, but certainly that supplies are strong, demand is fairly modest and crude oil prices are dropping below the $100 a barrel mark for the first time in a long time, that all adds up and bodes well for continued drops in prices.”

The state average is now $3.32 -- down from $3.35 last week and nearly 20 cents cheaper than the same time last year.

Madison is at $3.30, which is down 3 cents in a week. Janesville drivers are paying less at $3.28 a gallon. Milwaukee has the cheapest gas in the state at $3.24 a gallon, which saw a 6 cent drop in a week.

Advertisement
  • jack-o-lantern Halloween pumpkin

    Juliet James/SXC

    Halloween

    Games, recipes, trick-or-treating, scary movies and everything else you need to make your Halloween extra spooky.

  • Politician, politics, debate, election

    iStock / bns124

    Election Coverage

    Get up-to-date on political stories, Reality Check the latest political ads, learn about the candidates and find election results in our special section.

  • Ebola virus pink

    CDC

    Ebola special coverage

    Get the latest news on the Ebola outbreak and resources to help you learn more about the deadly virus.

Advertisement