Pain at the Pump/Photo Gallery
Gas prices rise above $4/gallon in Milwaukee area
MILWAUKEE - The effects of Hurricane Isaac in the Gulf Coast has come to southeastern Wisconsin in the price you're paying at the pump.
MilwaukeeGasPrices.com reports that unleaded gasoline prices have dramatically risen in our area.
As of 5:00 a.m. Wednesday, the average price they had listed was $3.95/gallon for regular unleaded gasoline. 17 hours earlier, it was $3.88/gallon.
The cheapest prices they reported in the metropolitan area Wednesday morning were $3.77.
Some stations, including one location on the northwest side, had risen to as high as $4.14 by Wednesday morning.
Drivers aren't pleased.
"I'm gonna catch the bus pretty soon," said one driver to TODAY'S TMJ4.
Economists are watching the numbers closely, and are hopeful Hurricane Isaac will lose strength.
"You will see this gas price increase for a couple of days," explained Marquette University economics professor Dr. Abdur Chowdhury. "The refineries will restart maybe early this week, or the early part of next week."
"Today, if (stations are) buying, it's a lot less htan what they spent (Monday), so I would hlpe that prices would come here relatively quickly," explained Patrick DeHaan of Gasbuddy.com.