“Volatility is the name of the game:" Gas prices expected to climb aggressively in weeks ahead
CHICAGO (WITI) – The transition from ‘winter blend’ to ‘summer blend’ gasoline always brings increases in retail gasoline prices, but nothing you’ve seen over the past year is likely to match what GasBuddy anticipates over the next two to three weeks.“Wednesday (February 25th) brought a big price rally in gasoline markets and gasoline wholesalers are seeing huge increases,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “Wholesale prices today alone have increased coast to coast from 10 to 27 cents per gallon, and when you add that on top of the increases that occurred earlier this month, it’s inevitable that retail prices will climb aggressively in weeks ahead.”“Just since Monday, February 2nd, wholesale prices nationwide have increased by an average of 54 cents per gallon,” DeHaan added. “And the West Coast, by far, has seen the steepest increases, with Los Angeles wholesale pricing up $0.96/gal., San Francisco up $0.84 and the Pacific Northwest up by $0.73.”While some of the rally is attributed to the seasonal decline in gasoline inventory; reduced refinery output and the shift to summer grades of gasoline, there have also been significant operational issues at refineries in five states.
CHICAGO (WITI) – The transition from ‘winter blend’ to ‘summer blend’ gasoline always brings increases in retail gasoline prices, but nothing you’ve seen over the past year is likely to match what GasBuddy anticipates over the next two to three weeks.“Wednesday (February 25th) brought a big price rally in gasoline markets and gasoline wholesalers are seeing huge increases,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “Wholesale prices today alone have increased coast to coast from 10 to 27 cents per gallon, and when you add that on top of the increases that occurred earlier this month, it’s inevitable that retail prices will climb aggressively in weeks ahead.”“Just since Monday, February 2nd, wholesale prices nationwide have increased by an average of 54 cents per gallon,” DeHaan added. “And the West Coast, by far, has seen the steepest increases, with Los Angeles wholesale pricing up $0.96/gal., San Francisco up $0.84 and the Pacific Northwest up by $0.73.”While some of the rally is attributed to the seasonal decline in gasoline inventory; reduced refinery output and the shift to summer grades of gasoline, there have also been significant operational issues at refineries in five states.
Money: Apps and tips that help you keep more of it in your wallet
MILWAUKEE (WITI) -- We're in the middle of "America Saves Week." Those are days designed to get you thinking about your money -- and ways to keep more of it in your wallet.
MILWAUKEE (WITI) -- We're in the middle of "America Saves Week." Those are days designed to get you thinking about your money -- and ways to keep more of it in your wallet.
"Below $3 is good:" Will gas prices continue to climb or stay steady?
BROWN DEER (WITI) -- It's felt great filling up for less than $3 a gallon the last few months, but recent weeks saw a bit of an increase in price.
BROWN DEER (WITI) -- It's felt great filling up for less than $3 a gallon the last few months, but recent weeks saw a bit of an increase in price.
UW students: Budget would lead to increased fees, tuition
MADISON (AP) — University of Wisconsin students are warning Gov.
MADISON (AP) — University of Wisconsin students are warning Gov.
Trying to save money? Seven items you shouldn't buy at the Dollar Store
(WITI) -- In this week's Cheap Thoughts, Rob is talking about the seven things you should never buy at the Dollar Store.
(WITI) -- In this week's Cheap Thoughts, Rob is talking about the seven things you should never buy at the Dollar Store.
Incredible sports teams, but UW-Whitewater athletics could be affected by proposed cuts to UW System
MADISON (WITI) -- Governor Walker's proposed $300 million in cuts to the UW System are going to hit the University of Wisconsin-Whitewater particularly hard.
MADISON (WITI) -- Governor Walker's proposed $300 million in cuts to the UW System are going to hit the University of Wisconsin-Whitewater particularly hard.
Gov. Walker insists he didn't know changes to UW mission statement were part of his budget proposal
WATERTOWN (WITI) -- Governor Scott Walker says proposed changes to the UW System's mission statement were simply "a drafting error." He is insisting he didn't know those changes were in his budget plan.
WATERTOWN (WITI) -- Governor Scott Walker says proposed changes to the UW System's mission statement were simply "a drafting error." He is insisting he didn't know those changes were in his budget plan.
A "drafting error:" Governor Walker backs off removing "Wisconsin Idea" from UW System mission
MADISON (WITI/AP) — Governor Scott Walker has abruptly backed off his proposal to eliminate the University of Wisconsin System's public service mission statement.Walker tucked language into his budget proposal that would have replaced the statement, known as the "Wisconsin Idea," with the charge of meeting the state's workforce needs.
MADISON (WITI/AP) — Governor Scott Walker has abruptly backed off his proposal to eliminate the University of Wisconsin System's public service mission statement.Walker tucked language into his budget proposal that would have replaced the statement, known as the "Wisconsin Idea," with the charge of meeting the state's workforce needs.
Walker on statewide tour after budget address, critics take aim at cuts to UW System, mission statement proposal
MADISON (WITI) -- Governor Scott Walker unveiled his $68 billion two-year budget proposal at the Capitol in Madison on Tuesday evening, February 3rd, and on Wednesday, reaction was pouring in.
MADISON (WITI) -- Governor Scott Walker unveiled his $68 billion two-year budget proposal at the Capitol in Madison on Tuesday evening, February 3rd, and on Wednesday, reaction was pouring in.
Democrats call for state budget that puts families first, restores economic opportunity for all
MILWAUKEE (WITI) – Assembly Democratic Leader Peter Barca (D-Kenosha), Rep.
MILWAUKEE (WITI) – Assembly Democratic Leader Peter Barca (D-Kenosha), Rep.
Struggle to stay on budget? These three steps could end your money worries forever
(WITI) -- Consumer reporter, Steve Noviello, joins FOX6 WakeUp with tips that will help end your money worries.
(WITI) -- Consumer reporter, Steve Noviello, joins FOX6 WakeUp with tips that will help end your money worries.
Wisconsin unemployment rate unchanged at 5.2 percent
MADISON (AP) — Wisconsin's unemployment rate remained at 5.2 percent in December, unchanged from November.The Wisconsin Department of Workforce Development reported Thursday that the state added 7,600 private sector jobs from November to December.The unemployment rate is Wisconsin's lowest since the economic crash in September 2008.
MADISON (AP) — Wisconsin's unemployment rate remained at 5.2 percent in December, unchanged from November.The Wisconsin Department of Workforce Development reported Thursday that the state added 7,600 private sector jobs from November to December.The unemployment rate is Wisconsin's lowest since the economic crash in September 2008.
Gas prices slip to under $2/gallon in southeast Wisconsin
MILWAUKEE (WITI) -- For drivers in southeast Wisconsin, it's been a long time coming -- gas prices lower than $2/gallon."People come in and talk about the price there everyday," said Diane Peschek, owner of The Corner Pub. "They didn't think they would ever see it under $2 again."That's right -- gas under $2/gallon can now be found at the corner of 76th and Lisbon in Milwaukee -- if you're paying with cash.
MILWAUKEE (WITI) -- For drivers in southeast Wisconsin, it's been a long time coming -- gas prices lower than $2/gallon."People come in and talk about the price there everyday," said Diane Peschek, owner of The Corner Pub. "They didn't think they would ever see it under $2 again."That's right -- gas under $2/gallon can now be found at the corner of 76th and Lisbon in Milwaukee -- if you're paying with cash.
When is the last time you saw gas for $1.99/gallon? It's now available in southeast Wisconsin
KENOSHA (WITI) -- The price of regular unleaded gasoline has fallen below $2/gallon at several gas stations in southeast Wisconsin.
KENOSHA (WITI) -- The price of regular unleaded gasoline has fallen below $2/gallon at several gas stations in southeast Wisconsin.
"Gas prices are awesome right now," and that has more hitting the road this Christmas season
MILWAUKEE (WITI) -- Cheaper gas prices are saving consumers BIG bucks this Christmas season!
MILWAUKEE (WITI) -- Cheaper gas prices are saving consumers BIG bucks this Christmas season!
Before the doors opened on Black Friday, one Target crew got this inspiring chat
(WITI) -- What do you say to a bunch of employees who are about to endure the wrath of a Black Friday crowd at a Target store?
(WITI) -- What do you say to a bunch of employees who are about to endure the wrath of a Black Friday crowd at a Target store?
Black Friday: Shoppers rise early hoping to score the best deals of the season
WAUWATOSA (WITI) -- Shoppers of all kinds were out in force early on Black Friday to score what they hoped would be the best deals of the Christmas shopping season.
WAUWATOSA (WITI) -- Shoppers of all kinds were out in force early on Black Friday to score what they hoped would be the best deals of the Christmas shopping season.
Late night shoppers at the Mayfair mall on Black Friday
MILWAUKEE (WITI) -- The Black Friday hype carried well into Friday evening for some shoppers.When you think about Black Friday, the first thing that probably comes to mind is the people that camp out to make sure they're there when the stores open.
MILWAUKEE (WITI) -- The Black Friday hype carried well into Friday evening for some shoppers.When you think about Black Friday, the first thing that probably comes to mind is the people that camp out to make sure they're there when the stores open.
CAUGHT ON CAMERA: Police chase Black Friday thief in Brown Deer
BROWN DEER (WITI) -- For one Black Friday shopper, apparently the deals weren't enough.
BROWN DEER (WITI) -- For one Black Friday shopper, apparently the deals weren't enough.
Deals galore: Black Friday sales draw in thousands to malls
WAUWATOSA (WITI) -- Shopping malls throughout southeast Wisconsin are seeing huge crowds on Black Friday -- and with good reason.
WAUWATOSA (WITI) -- Shopping malls throughout southeast Wisconsin are seeing huge crowds on Black Friday -- and with good reason.