Wisconsin has the lowest gas prices in the country, according to AAA. The average price for a gallon of regular-grade gasoline is $1.19 in Wisconsin and average for the country is about 60 cents more expensive.
Last year at this time the average gallon of regular-grade gas was around $2.80 across Wisconsin.
In Burnett County, gas is currently anywhere between $1.45 and $1.30 and those prices are expected to drop even more.
Prices have dropped due to the pandemic forcing more people to no longer commute to work and oil prices continue to drop, prices went from $41 per barrel to $20 by the end of March, according to the Associated Press.
The AP reported in April the U.S. oil futures plunged below zero as storage in the country gets close to full.
“Almost by definition, crude oil has never fallen more than 100%, which is what happened today,” said Dave Ernsberger, global head of pricing and market insight at S&P Global Platts.
“I don’t think any of us can really believe what we saw today. This kind of rewrites the economics of oil trading.”
According to AAA, crude oil prices were extremely volatile last week, pushing negative for the first time ever, but they did make significant gains to end the week in the positive.
“AAA forecasts that the national average will continue to decrease into next month, possibly dropping as low as $1.65,” said Nick Jarmusz, Director of Public Affairs for AAA – The Auto Club Group. “We haven’t seen gas prices that cheap since January 2009.”