(The Center Square) – The average price of a gallon of unleaded gas was $4.43 on Friday heading into the Memorial Day weekend.
That price was down 14 cents from the week before but up 75 cents from the same time in April, according to the American Automobile Association. The U.S. average price is now $4.55.
GasBuddy Head of Petroleum Analysis Patrick DeHaan estimated that, overall, Americans will spend $2 billion more on gasoline over the four-day Memorial Day weekend compared to a year ago, which amounts to roughly $22 million more every hour.
Gas prices are the highest they have been on Memorial Day in four years, according to AAA, with demand rising and the prolonged closure of the Strait of Hormuz impacting those prices.
Wisconsin was not one of the 16 states on track to set an all-time Memorial Day gas price record, above the current records set in 2022. Michigan and Ohio are expected to set record highs.
The average price of a gallon of unleaded gas was $4.49 in Madison, $4.44 in Appleton and $4.43 in Milwaukee as of Friday morning.
Diesel prices in the Wisconsin were $5.71 per gallon on Friday, down from $5.84 a week before.
“For the first time since May 6, wholesale diesel prices in the Great Lakes have dropped below $4/gal- get ready to ditch those $6 and $7 prices in MI, IN, OH, IL and WI- at least for now,” DeHaan wrote on social media.
