MADISON, WI (WTAQ) - Gas prices in Wisconsin have jumped by eight cents a gallon over the past week -- and you can expect fuel prices to rise even more during the New Year's week.
Analyst Patrick DeHaan of Gas Buddy.Com said crude oil prices went back above $100 a barrel last week. That was due in part to comments about the Federal Reserve reducing its lending.
DeHaan also cites new refinery issues in the Great Lakes region -- plus normal year end financial house cleaning by the oil companies which often restricts wholesale supplies.
The Wisconsin AAA said the average price of regular unleaded is just over $3.23 a gallon Monday morning -- exactly the same as it was on this date a year ago, and 8 cents higher than it was last Monday.
(Story courtesy of Wheeler News Service)