Gas prices fall as winter comes closer
Decrease credited to high supply of crude oil
LA CROSSE, Wis. (WKBT) — Gas prices have dropped for 16 straight weeks according to an industry analyst.
In La Crosse it’s under $3.20 for a gallon of unleaded gas. The decrease in prices is credited to a high supply of crude oil.
A business professor at Viterbo isn’t sure how low prices will go as refineries switch over to a winter blend.
“So I think the supply is going to stay in pretty good shape, and so I think we’re going to see it go up again, but it’s going to be very gradual, I do believe,” said Todd Ondell, of Viterbo’s School of Business.
Prices are even lower on the Minnesota side of the border. The professor says that’s because Wisconsin has a higher gas tax.