MADISON, Wis. (WMTV)-- The price of gas continues to tumble as demand remains low during the COVID-19 pandemic.
According to the latest numbers from GasBuddy.com, the average price of gas in Wisconsin has hit a record-low of just $1.18 per gallon.
And in some areas in our state, gas is even more of a steal. GasBuddy reports the average price of gas in Madison is $1.13 per gallon, $1.16 in Milwaukee and a slim $1 per gallon in Green Bay and Appleton.
A gas station just outside Manitowoc seemed to take first place in Wisconsin with some of the cheapest gas, at just 75 cents per gallon, during one point this week, WLUK reports.
GasBuddy adds these are the lowest prices since it started collecting data in 2000.
Analysts believe the cost will continue to drop, as crude oil prices haven’t been this low since 2002. The coronavirus pandemic has also played a role in the price decline.
"Globally we have just seen a significant drop in demand both form people not traveling, recreational as well as just traveling day to day, with people sheltering at home in places like Europe and Asia. That is really just reducing the daily demand that people have for gasoline,” according to AA director of public affairs for the Midwest region, Nick Jarmusz.
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