Gas prices drop for second straight week

(WLUK) --Average gasoline prices in Green Bay have fallen 8.9 cents per gallon in the last week, averaging $3.52/g today, according to GasBuddy's survey of 127 stations in Green Bay.

Neighboring areas and their current gas prices:

• Appleton- $3.57/g, down 9.7 cents per gallon from last week's $3.66/g.
  
• Wisconsin- $3.59/g, down 13.4 cents per gallon from last week's $3.73/g.
• Michigan- $4.05/g, down 14.6 cents per gallon from last week's $4.20/g.

Gasbuddy's gas price comparison by state

Gasbuddy's gas price map

"Average gas prices have declined for the second straight week with significant declines in the West and Great Lakes having an oversized effect on the drop in the national average," said Patrick De Haan, head of petroleum analysis at GasBuddy. "With oil prices struggling a bit after reaching $93 after OPEC+'s decision to cut production, many regions could see falling gas prices again this week as demand continues to decline seasonally, especially if more data points to a significant economic slowdown. While gasoline prices have seen a large drop, diesel prices have been somewhat mixed, with prices heading higher in the Northeast as inventories drop to extremely tight levels ahead of the heating oil season. Motorists are reminded that the decline in gasoline prices is seasonal and should continue into the fall, and is unrelated to the coming election. Seasonality is king in driving prices, not the desires or hopes of politicians."

The national average price of gasoline has fallen 9.3 cents per gallon in the last week, averaging $3.77/g today. The national average is up 10.2 cents per gallon from a month ago and stands 41.2 cents per gallon higher than a year ago, according to GasBuddy.

The national average price of diesel has risen 4.0 cents in the last week and stands at $5.30 per gallon.