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Monday, December 23, 2024

Pump pain: Wisconsin drivers to spend $0.85 more on gas on average this January

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The average Wisconsin driver will pay $0.85 more at the pump in January 2023 than they did in January 2022, 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 $3.01 per gallon of regular gasoline this month versus $3 last year. This is a 0.5 percent increase equaling $0.02 per gallon.

Of the 15 Wisconsin metropolitan areas analyzed, drivers in Superior faced the largest price hike at the pump in the last year of $6.65. Pierce -St. Croix County was spared the worst pain, with the price of gas rising -$5.96 from January 2022 to January 2023.

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 would fall throughout 2022. This was incorrect, though the Administration made the same forecast for 2023.

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

Wisconsin gas price difference - January 2022 vs. January 2023

Market20232022CHG%Total increase
Superior$3.17$3.05$0.134.1%$6.65
Wausau$3.06$2.97$0.093.0%$4.68
Madison$3.04$2.97$0.072.5%$3.93
Fond du Lac$2.97$2.92$0.051.7%$2.61
Green Bay$3.02$2.98$0.041.3%$2.02
Oshkosh$2.97$2.93$0.041.3%$1.97
Racine$2.99$2.97$0.010.4%$0.69
Appleton$2.92$2.91$0.010.2%$0.32
Milwaukee-Waukesha$2.98$2.98$0.010.2%$0.27
Sheboygan$3.03$3.03$-0-0.0%-$0.05
Janesville-Beloit$2.97$2.98-$0.01-0.3%-$0.48
Kenosha County$2.95$2.98-$0.03-0.9%-$1.38
La Crosse (WI only)$2.96$3.03-$0.07-2.3%-$3.78
Eau Claire$2.99$3.08-$0.09-3.0%-$4.84
Pierce -St. Croix County$3.02$3.13-$0.11-3.6%-$5.96

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