Peter Krause was born in Minneapolis and has lived in the area his entire life. He's read comic books for twenty years, and considers Steve Rude, Gil Kane, and Burne Hogarth to be strong influences on his work. He's worked as "everything from busboy to manager of the vendors at a major league ballpark," but now devotes his full attention to advertising art and cartooning. He and his wife, Lisa, are new parents to their son, Timothy, born 5/17/88.
- In one scene of Convergence: Shazam! #1, written by Grant Morrison and drawn by Evan Shaner, there is a subway line named after Peter Krause, a prolific The Power of Shazam! artist.