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Tuesday, November 5, 2024

Average Wisconsin driver will spend $45.94 more on gas this August

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The average Wisconsin driver will pay $45.94 more at the pump in August 2022 than they did in August 2021, according to an analysis of gas prices from the AAA motor club and Federal Highway Administration (FHA) data by The Sconi.

Wisconsin drivers will pay an average of $3.89 per gallon of regular gasoline this month versus $3.03 last year. This is a 28.5 percent increase equaling $0.86 per gallon.

Of the 15 Wisconsin metropolitan areas analyzed, drivers in Pierce -St. Croix County faced the largest price hike at the pump in the last year of $53.17. Janesville-Beloit was spared the worst pain, with the price of gas rising $37.70 from August 2021 to August 2022.

Gas prices across the US hit a seven-year high following a significant drop at the beginning of the COVID-19 pandemic.

The price of gas, derived from the cost of oil manufactured around the world, has the power to substantially change the free market and influence many industries.

A short-term outlook report from the US Energy Information Administration predicted gas rates will fall throughout 2022.

Wisconsin drivers average 1,286.8 miles and use 53.2 gallons of gasoline per month, according to the FHA.

Wisconsin gas price difference - August 2021 vs. August 2022

Market20222021CHG%Total increase
Pierce -St. Croix County$4.09$3.09$132.4%$53.17
Superior$4.10$3.11$0.9931.8%$52.64
Fond du Lac$3.85$2.88$0.9733.7%$51.63
Sheboygan$3.95$2.99$0.9732.4%$51.37
Milwaukee-Waukesha$3.95$3.04$0.9130.0%$48.55
Racine$3.92$3.04$0.8828.9%$46.74
Oshkosh$3.81$2.93$0.8829.9%$46.63
Green Bay$3.82$2.95$0.8629.2%$45.94
Wausau$3.90$3.07$0.8327.2%$44.29
Kenosha County$3.90$3.08$0.8226.7%$43.76
Madison$3.80$2.99$0.8026.9%$42.75
Appleton$3.73$2.95$0.7926.8%$41.96
La Crosse (WI only)$3.80$3.07$0.7323.8%$38.82
Eau Claire$3.76$3.05$0.7123.3%$37.86
Janesville-Beloit$3.73$3.02$0.7123.4%$37.70

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