Gas Prices Drop Despite Oil Volatility and Reach New Lows in Eastern Wisconsin

Despite oil prices nearing $90 a barrel, gas prices in the US are falling due to seasonal factors and lower demand. The national average cost of retail gasoline has decreased by $0.10 per gallon in the past week and is $0.30 lower than last month. The switch to a less expensive winter blend driving fuel and higher inventories compared to last year are contributing to the decline. Gas prices are expected to continue dropping until the end of the year, unless the ongoing Israel-Hamas war expands to include oil-producing nations in the region.