Michigan gas prices rise 10 cents

Gasoline prices in Michigan rose 10 cents from a week ago, with motorists now paying an average of $3.68 per gallon for regular unleaded gasoline, AAA officials said Monday.

The price is 14 cents higher than a month ago and 17 cents higher than the same period in 2023. Michigan motorists are paying an average of $55 for a 15-gallon tank of gas, a discount of about $3 from the highest price last August, AAA-The Auto Club Group said in a news release.

“After declining slightly early last week, gas prices in Michigan spiked this weekend,” said Adrienne Woodland, a spokesperson for the group. “If demand for gas remains low, alongside an increase in supply, pump prices could potentially reverse.”

According to new data from the Energy Information Administration (EIA), demand for natural gas fell from 9.39 million barrels per day to 8.78 million. Total domestic gasoline supplies fell from 231.7 to 229.7 million barrels. Gasoline production also fell, likely due to Hurricane Beryl, from an average of 10.3 million barrels per day to 9.5, the release said.

The EIA reports that crude oil inventories fell by 4.9 million barrels from the previous week. At 440.2 million barrels, U.S. crude inventories are about 5% below the five-year average for this time of year, according to AAA’s publication.

Compared to last week, the average daily price of gasoline in Metro Detroit has increased. The current average for the area is $3.64 per gallon, about 11 cents higher than last week’s average and 9 cents higher than the same period a year ago.

According to GasBuddy’s price reports, the cheapest gas station in Detroit cost $2.99 per gallon on Sunday, while the most expensive station cost $3.99. The city average is $3.64 per gallon.

The most expensive gas prices in Michigan are on average in Jackson ($3.75), Lansing ($3.75) and Benton Harbor ($3.73).

The cheapest are Marquette ($3.48), Metro Detroit ($3.64) and Ann Arbor ($3.71).

The national average gas price rose 2 cents from last week to $3.50.