LANSING, Mich. (Michigan News Source) – According to the American Automobile Association insurance company (AAA), Michiganders can expect even lower gas prices this week. It marks the third consecutive week of dropping costs.
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“Michigan motorists continue to see lower prices at the pump for the third straight week,” said Adrienne Woodland, spokesperson for AAA-The Auto Club Group. “If demand remains low, drivers will likely see gas prices continue to decline.”
AAA reports that drivers are paying an average of $3.38 per gallon of regular unleaded gas-23 cents less than that this time last month.
“Compared to last week, Metro Detroit’s average daily gas price decreased,” AAA said in a statement, “Metro Detroit’s current average is $3.48 per gallon, about 12 cents less than last week’s average and 57 cents less than this same time last year.”
Currently, Traverse City is logging the highest gas costs at $3.65, followed closely by Marquette with $3.52 per gallon, while some of the cheapest gas is coming from Grand Rapids and Flint at $3.33 per gallon.
“Motorists are paying an average of $52 for a full 15-gallon tank of gasoline; a discount of about $26 from 2022’s highest price last June,” AAA said in a statement.
The insurance group also reported that total domestic gasoline stocks decreased by 2.4 million barrels of crude oil (bbl) to 221.2 million bbl.
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“Higher demand, alongside a decline in stocks, would typically push pump prices up; however, fluctuating oil prices have pushed them lower,” the group said in a statement.
Based on new data from the Energy Information Administration, gas demand decreased significantly from 9.51 to 8.62 million barrels a day.
While Michigan’s current prices reside beneath the National Average, $3.54, it trails other surrounding states’ average gas prices. Indiana is currently at $3.41, Ohio still lower at $3.36, and Wisconsin coming in at $3.32 per gallon.
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