Gas prices reach highest point across Milwaukee, Wisconsin, nation

Fuel costs have hit one more all-time excessive value in Wisconsin, Milwaukee and the US. 

The typical value for a gallon of standard fuel within the Milwaukee/Waukesha metro space stood at $5.11 on Monday, the very best common value ever, in keeping with journey group AAA and its Every day Gas Gauge report.

The value within the metro space is up 48 cents a gallon since final week. 

For the state of Wisconsin, the common value per gallon is $4.81, additionally the very best common value ever. The value has risen 39 cents a gallon since final week. 

Throughout the U.S., a gallon of standard fuel was promoting for a mean of $4.87 a gallon, the very best common value ever.

A gallon of diesel gasoline was promoting for $5.65 a gallon on common throughout the U.S., in keeping with AAA. That is additionally the very best value ever. 

There isn’t a reduction in sight.

The price of a barrel of oil, which makes up practically two-thirds of the price of a gallon of gasoline, is nearing $120, “practically double from final August, as elevated oil demand outpaces the tight world provide,”  AAA mentioned in a press release on Monday.

A 12 months in the past, crude was buying and selling round $70 a barrel. 

“In the meantime, home (U.S.) gasoline demand rose final week within the wake of a strong Memorial Day weekend of journey,” AAA mentioned within the assertion. “In consequence, the nationwide common for a gallon of fuel surged 25 cents in a single week…”

How lengthy that gasoline demand continues to be elevated as costs strategy $5 a gallon nationwide, stays an enormous query.

“Individuals are nonetheless fueling up, regardless of these excessive costs,” mentioned Andrew Gross, AAA spokesperson. “Sooner or later, drivers might change their day by day driving habits or way of life because of these excessive costs, however we aren’t there but.” 

Here is what costs are averaging in Wisconsin’s metro areas, as tracked by AAA. Every is the very best common ever recorded by AAA:

• Kenosha: $5.13
• Racine: $5.10
• Wausau: $4.81
• Sheboygan: $4.81
• Inexperienced Bay: $4.78
• Madison: $4.70
• Janesville/Beloit: $4.69
• Eau Claire: $4.66
• Pierce/St. Croix County: (Twin Cities metro) $4.65
• Oshkosh: $4.62
• Appleton: $4.59
• Fond du Lac: $4.58
• La Crosse: $4.45

Elsewhere:

• Metropolis of Chicago: $5.99
• Chicago metro space: $5.72

The nation’s prime 10 largest weekly will increase as of June 6:

• Michigan: 45 cents a gallon
• Illinois: 41 cents
• Indiana 41 cents
• Wisconsin: 39 cents
• Ohio: 38 cents
• Nebraska: 37 cents
• Kentucky: 36 cents
• Colorado: 35 cents
• Minnesota: 34 cents
• Texas: 32 cents

The nation’s prime 10 costliest markets as of June 6:

• California: $6.34
• Nevada: $5.49
• Hawaii: $5.47
• Oregon: $5.41
• Washington: $5.40
• Illinois: $5.40
• Alaska: $5.37
• Washington, D.C.: $5.06
• Michigan: $5.05 

Extra:Various power version – vehicles that run on used vegetable oil. Pure fuel from manure.

Extra:Fuel costs in Milwaukee and Wisconsin attain their highest common value ever. They may stay excessive all summer season, stall the U.S. economic system

Contact Joe Taschler at (414) 224-2554 or jtaschler@gannett.com. Comply with him on Twitter at @JoeTaschler or Fb at fb.com/joe.taschler.1.